19560 Burnham AveLynwood, IL 60411

Property Details for 19560 Burnham Ave

Year built

1960

Lot size

0.45 AC

Property type

Auto shops

APN

33-07-201-042

APU

3307201042

Description

This exceptional investment opportunity presents a single-tenant, net-leased auto shop in Lynwood, Illinois. The property, located at 19560 Burnham Ave, boasts a 6,761 square foot building on a 0.75-acre lot (32,571 sq ft). Currently occupied by an All Tune and Lube franchisee under a 5-year lease (commencing February 15, 2021, expiring February 14, 2026), with two 5-year renewal options, offering a remaining lease term of approximately 1.2 years. The lease includes annual rent bumps of 5%, with 3% increases for the options. The property features 20 surface parking spaces and benefits from a high traffic count of 24,100 vehicles per day at the nearby intersection of Burnham Ave and Glenwood Lansing Road. The building, constructed in 1970, offers a current Net Operating Income (NOI) of $46,808, resulting in an 8.00% cap rate and a pro-forma cap rate of 8.40%. Real estate taxes are $23,595. The asking price is $585,000, translating to $86.53 per square foot and $19.96 per square foot for land value. The property is zoned commercial and has a Cook County APN of 33072010430000 and 33072010500000. This is a turnkey investment with stable, predictable cash flow, ideal for a passive investor seeking a strong return. The property's location across from the Lansing Municipal Airport further enhances its visibility and accessibility.

Location Insight

City

Lynwood

County

Cook

State

Illinois

Latitude

41.5402

Longitude

-87.54

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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