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    332 159Th St Harvey, IL 60426

    For Sale
    $950,000

    Turnkey Auto Repair Business, High Traffic Location

    Property size:
    5,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional business opportunity presents a well-established, highly successful seven-bay auto repair shop located at 332 E 159th Street in Harvey, Illinois. Situated on a high-traffic section of 159th Street, east of the tollway, this turnkey operation offers immediate income potential and significant growth opportunities. The meticulously maintained 5,000 square foot building includes a dedicated bay specifically designed for large vehicle repairs, showcasing its versatility and capacity. The current owner-operator, who has successfully run the business for over 30 years, is now seeking retirement, presenting a unique chance for a new owner to step into a thriving enterprise. The property's prime location ensures consistent customer traffic, contributing to the business's long-standing success. This is a rare opportunity to acquire both a profitable business and a substantial commercial property in a desirable location. The sale includes all existing equipment and infrastructure, making for a seamless transition. Serious inquiries are encouraged to schedule a viewing after business hours. The asking price for this exceptional package is $950,000. Don't miss this chance to own a piece of Harvey's thriving automotive industry.

    Property Features for 332 159Th St

    General Information

    Property type
    Investment properties
    Square Feet
    5,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Harvey
    County
    Cook
    State
    Illinois
    Longitude
    -87.63745
    Latitude
    41.60062

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    FAQs

    What type of property is this?
    Investment property - Turnkey Auto Repair Business, High Traffic Location
    Where is this investment property located?
    The property is located at 332 159Th St Harvey, IL.
    What is the asking price?
    The asking price for this property is $950,000.
    (630) 715-9999
    Request Owner's contact information
    332 159Th St Harvey, IL 60426
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    Harvey, IL 60426
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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
    332 159Th St Harvey, IL 60426
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