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    239 162Nd St South Holland, IL 60473

    Sponsored
    For Sale
    $600,000

    6,500 SF auto shop, prime location.

    Property size:
    6,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 6,500-square-foot, single-story auto shop building situated on a 0.46-acre lot in South Holland, Illinois. The property, located at 239 W 162nd St (Route 6), benefits from high visibility on a busy commercial thoroughfare with approximately 23,500 vehicles passing daily. Built in 1989 and renovated in 2014, the building features eight bays and an office/waiting area, perfectly suited for an auto repair business. Recent upgrades include a new 60-mil TPO roof (2024, 20-year warranty) and new furnaces (2024, 10-year warranty). The property is zoned for General Business - Commercial use and offers convenient access to Interstate 94 (approximately 2 miles west). The asking price is $600,000, translating to $92.31 per square foot. The land value alone is estimated at $100 per square foot. The property is a Class C building with a gross lease in place, expiring October 31, 2024. This owner/user investment presents a rare opportunity to acquire a well-maintained, strategically located auto shop in a thriving commercial area. The property's features, recent upgrades, and prime location make it an attractive proposition for both owner-operators and investors seeking a strong return on investment. The Cook County Assessor's Parcel Number (APN) is 29-21-200-076-0000.

    Property Features for 239 162Nd St

    General Information

    Property type
    Automotive properties
    Square Feet
    6,500 SF
    Class
    C
    Lot Size
    20,038 SF

    Building Details

    Year Built/Renovated
    1989/2014
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 6,500 SF freestanding auto shop building.
    • Two miles west of I‑94.
    • New 60‑mil TPO roof (2024, 20‑year warranty).
    • New furnaces (2024, 10‑year warranty).
    • Eight‑bay building with office/waiting area.
    • High‑visibility location on Route 6 (162nd St), near Van Drunen and Halsted.
    Property Profile Location Intelligence

    Current Use by Public Records

    South Holland Plaza Shopping Mall Harvey Auto Center ... Auto Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Holland
    County
    Cook
    State
    Illinois
    Longitude
    -87.623717837651
    Latitude
    41.600869588469

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    • Contact for pricing

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Automotive property - 6,500 SF auto shop, prime location.
    Where is this automotive property located?
    The property is located at 239 162Nd St South Holland, IL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 6,500 SF freestanding auto shop building.; Two miles west of I-94.; New 60-mil TPO roof (2024, 20-year warranty).
    (708) 333-8338
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    239 162Nd St South Holland, IL 60473
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    South Holland, IL 60473
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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
    239 162Nd St South Holland, IL 60473
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