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    9001 03 Us Hwy, Unit 12 Richmond, IL

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    For Sale
    $435,000

    Two-unit automotive building with long-term leases and highway frontage.

    Property size:
    4,000 SF
    Lot size:
    0.80 Acres

    Property Features for 9001 03 Us Hwy

    General Information

    Size
    4,000 SF
    Lot size
    0.80 Acres

    Source: Premier Commercial Realty Agent Bruce Kaplan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Automotive Building on Highway

    This 4,000-square-foot automotive building is fully leased to two tenants through 2029. The all-masonry construction is located on US Highway 12, with Pete’s Paint Works at 9001 and Medina Cars at 9003. Medina Cars' lease expires in 2026, with an option to renew through 2029. Originally built in 1959 with subsequent additions, the property features a new membrane roof, overhead doors, and a parking lot that was updated in 2023. The property offers user or investor potential, as the auto body tenant may vacate their 2,800-square-foot space for a buyer requiring it. The property is being offered at an 8.7% CAP rate.
    Location Intelligence

    Current Use by Public Records

    Automotive properties

    Similar Places Nearby

    U-Haul Neighborhood Dealer

    Map

    City
    Richmond
    County
    McHenry
    State
    Illinois
    Longitude
    -88.3059251
    Latitude
    42.4758522

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    FAQs

    What type of property is this?
    Automotive property - Two-unit automotive building with long-term leases and highway frontage.
    Where is this automotive property located?
    The property is located at 9001 03 Us Hwy, Unit 12 Richmond, IL.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: - 100% leased 2-unit automotive building with long-term leases.; - Strong 8.7% CAP rate.; - Opportunity for user/investor: Auto body tenant (2,800 SF) can vacate for owner occupancy.
    (847) 854-2300
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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
    9001 03 Us Hwy, Unit 12 Richmond, IL
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