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    2920 159Th St Markham, IL 60428

    Sponsored
    For Sale
    $949,500

    Prime Markham location, 5400 sq ft, high traffic count.

    Property size:
    5,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 5,400 square foot commercial property in Markham, IL, is situated on a one-acre lot comprised of two parcels at a hard corner location with over 30,000 vehicles passing daily. Currently operating as a used car dealership, the building features five spacious offices, two bathrooms with ceramic tile, four heavy-duty car lifts, and six garage doors. Its strategic location offers unparalleled visibility and accessibility, just minutes from I-294, I-80, and I-57. The property benefits from its proximity to a large employer, with 3500 employees working at a nearby Amazon facility. This versatile property presents significant potential for a variety of commercial uses, including but not limited to: fuel station, restaurant, car wash, or drive-thru establishment. Alternatively, it can continue operating as a successful used car dealership. The owner is negotiable on price and encourages offers. Information regarding Cook County tax incentives and business loans is available upon request.

    Property Features for 2920 159Th St

    General Information

    Property type
    Investment properties
    Square Feet
    5,400 SF

    Building Details

    Year Built
    1990
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Markham
    County
    Cook
    State
    Illinois
    Longitude
    -87.688
    Latitude
    41.6012

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Investment property - Prime Markham location, 5400 sq ft, high traffic count.
    Where is this investment property located?
    The property is located at 2920 159Th St Markham, IL.
    What is the asking price?
    The asking price for this property is $949,500.
    (708) 923-0900
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    2920 159Th St Markham, IL 60428
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    Markham, IL 60428
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2920 159Th St Markham, IL 60428
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