926 Main StLemont, IL 60439

Property Details for 926 Main St

Year built

1958

Lot size

0.24 AC

Property type

Auto shops

APN

22-20-425-003

APU

2220425003

Description

This exceptional 5,000 square foot commercial/industrial warehouse presents a rare investment opportunity in the heart of historic downtown Lemont, Illinois. Situated on a 0.71-acre lot comprised of three parcels, this property is being offered for sale for the first time. Previously used as an automotive body shop, its versatile layout offers a multitude of potential uses, including warehouse operations, storage, restaurants, event spaces, fitness centers, or recreational facilities. The warehouse itself boasts dimensions of approximately 50 feet wide by 100 feet deep, providing a spacious and adaptable floor plan. The building features three 12-foot service doors, a 14-foot interior ceiling height, and a Flexicore rooftop construction, allowing for potential future expansion. The adjacent parcels offer further redevelopment possibilities, enhancing the overall investment potential. A significant advantage is the ample parking, with 40-50+ spaces available, a rare find in this desirable downtown location. This property offers a unique blend of size, location, and adaptability, making it an ideal investment for a wide range of commercial ventures. The blank slate interior allows for complete customization to suit any business needs. Don't miss this chance to acquire a substantial property in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,690,440

  6.5%

  $4,329,636

  7%

  $4,020,377

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,479,238

  Geo Method

  $3,479,238

• Alternative Use

  Use

  Valuation

  Residential

  $3,652,210

  Hospitality

  $3,345,405

  Educational

  $2,783,338

  Medical

  $2,879,061

  Retail

  $4,329,636

Location Insight

City

Lemont

County

Cook

State

Illinois

Latitude

41.6762

Longitude

-87.9924

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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