Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Property in Carol Stream Title is generated by Realmo AI

    415 N Gary Avenue, Carol Stream, IL 60188

    View on Map
    Claim this Listing
    New
    For Sale
    $1,299,000

    COMMERCIAL - Carol Stream, IL

    Lot size:
    0.99 Acres
    Added:
    May 23, 2026
    Days on Market:
    3
    Last Refresh:
    May 25 at 5:06 am

    Property Features for 415 N Gary Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active
    APN
    0232200025
    Lot size
    0.99 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    24000

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Sabrina Herrera

    Listing agent Sabrina Herrera

    Listing office REMAX Legends 17W480 22nd St, Oakbrook Terrace, IL

    Listing date May 23, 2026

    MLS# 12656932

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Central air conditioning for year‑round comfort
    • Additional property details available upon request
    • Property description available, providing comprehensive information
    • Real estate listing for serious inquiries
    • Property information provided to assist potential buyers
    • Potential buyer focus ensuring a smooth transaction

    Overview

    This commercial property is located in Carol Stream, Illinois. The lot size is 0.9853 acres. The property is zoned COMMR and is suitable for car washes, automotive properties, retail spaces, and other commercial real estate uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brust Funeral Home Social Service Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Carol Stream
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1450266
    Latitude
    41.9103105

    Nearby Similar for Sale

    • $1,100,000
      6,040 SF

      Commercial Office Building For Sale

      Well-maintained commercial building with leased units and move-in-ready suite.
      200 N Gary Avenue, Carol Stream, IL 60188
      View Details
    • $3,472,651

      Medical/Office Building in Carol Stream

      Multi-tenant building suitable for medical, office, and service-related businesses.
      501-517 Thornhill Drive, Carol Stream, IL 60188
      View Details
    • $999,000

      Commercial Property with Corporate Tenant

      Triple net lease property with a large corporate tenant.
      26w287 Saint Charles Road, Carol Stream, IL 60188
      View Details
    • $899,000

      Carol Stream Commercial Investment Property

      Triple net lease property with corporate tenant and stable income.
      26w321 Saint Charles Road, Carol Stream, IL 60188
      View Details
    • $85,000

      Pie Life Pizzeria Opportunity

      Turnkey pizzeria business for sale in Carol Stream, Illinois.
      541 S Schmale Road, Carol Stream, IL 60188
      View Details
    • $1,993,114
      2,980 SF

      Medical Clinic in Carol Stream

      Healthcare property with long-term tenant in high-income, dense area.
      865 E Geneva Rd, Carol Stream, IL
      View Details
    • $2,199,000
      6,148 SF

      Versatile Carol Stream Commercial Property

      High-visibility commercial property with adaptable layout and ample parking.
      415 N Gary Avenue, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Geneva Crossing Retail Opportunity

      Retail property for sale in Carol Stream, Illinois.
      339 Geneva Road | Carol Stream, IL 60187
      View Details
    • Contact for pricing
      33,190 SF

      Versatile Warehouse and Office Space

      33,190 SF warehouse and office space for sale.
      205 Alexandra Way, Carol Stream, IL 60118
      View Details
    • $6,958,482
      14,195 SF

      Cadence Academy NNN Asset

      NNN asset with 9 years remaining and annual rent escalations.
      1280 Kuhn Rd, Carol Stream, IL
      View Details
    • Contact for pricing
      439,421 SF

      439,421 SF Available Building

      Available building with office, warehouse, dock doors, and parking.
      250 S Gary Avenue, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Truck and Trailer Parking Available

      Truck and trailer parking for rent with convenient highway access.
      245 Kehoe Blvd, Carol Stream, IL
      View Details

    FAQs

    What type of property is this?
    Car wash - Commercial property for sale in Carol Stream, Illinois.
    Where is this car wash located?
    The property is located at 415 N Gary Avenue Carol Stream, IL.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: Central air conditioning for year‑round comfort; Additional property details available upon request; Property description available, providing comprehensive information
    (708) 655-5000
    We can help!
    Listing Contact
    Sabrina Herrera
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    415 N Gary Avenue, Carol Stream, IL 60188
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!