1100 162Nd StSouth Holland, IL 60473

  • Other commercial real estate
  • 0.55 AC
For Sale

Property Details for 1100 162Nd St

Year built
1972
Lot size
0.55 AC
Property type
Other commercial real estate
APN
29-14-317-028
APU
2914317028

Description

This exceptional investment opportunity presents a thriving, full-service car wash located at 1100 E 162nd St, South Holland, IL 60473, within Cook County. Established in 1977, this single-story, 4,000 square foot building sits on approximately 4,000 square feet of land and boasts a remarkable 100% occupancy rate. The business enjoys a prime location, providing convenient access from both east and westbound traffic. With over 30 years of operational history, this car wash offers a diverse range of services exceeding 15 options, from express washes to comprehensive detailing. Despite increased competition from surrounding express car washes, this location has consistently maintained strong revenue. The business serves a substantial volume of approximately 32,000 vehicles annually, demonstrating its enduring appeal and market position. This turnkey operation presents a rare chance to acquire a well-established and profitable business in a high-traffic area. The property's strong performance history and diverse service offerings make it an attractive investment prospect for discerning buyers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,778,295
    Hospitality
    $8,040,871
    Educational
    $6,689,910
    Medical
    $6,919,986
    Retail
    $10,406,527
1100 162Nd St, South Holland, Illinois

Location Insight

City
South Holland
County
Cook
State
Illinois
Latitude
41.6013
Longitude
-87.5902
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$29,295
$41,762
$7,108
$48,870
-
$167,048
$28,432
$195,480

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