4300 Amelia AveLyons, IL 60534

Property Details for 4300 Amelia Ave

Year built

1930

Lot size

0.16 AC

Property type

Retail residential properties

APN

18-01-301-004

APU

1801301004

Description

This exceptional 6,500 square foot mixed-use building at 4300 Amelia Avenue in Lyons, IL, presents a compelling investment opportunity. Currently configured with a 950 square foot bar area (requiring new licensing), the property also features 17 rooms previously used as motel-style lodging, including an executive suite with a private bathroom and walk-in closet. A large common bathroom is located on both the first and second floors. The building boasts 22 parking spaces, a significant advantage in this high-traffic area. Recent updates include a new water heater (2024), windows (2011), boiler (2011), furnace (2011), and roof (2010), minimizing immediate maintenance needs. The all-brick construction ensures durability and longevity. The property's versatile layout is ideal for a variety of uses, from office space to a repurposed hospitality venture, or a combination thereof. The substantial square footage and prime location offer significant potential for a strong return on investment. This is a rare opportunity to acquire a well-maintained, adaptable property in a desirable location with high visibility and traffic flow. The asking price is $347,500. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $2,624,394

  6.5%

  $2,422,518

  7%

  $2,249,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,419,471

  Geo Method

  $1,419,471

• Alternative Use

  Use

  Valuation

  Residential

  $2,422,518

  Hospitality

  $2,219,014

  Educational

  $1,846,193

  Medical

  $1,909,686

  Retail

  $2,871,856

Location Insight

City

Lyons

County

Cook

State

Illinois

Latitude

41.8132

Longitude

-87.8186

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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