310 Lake StMaywood, IL 60153

For Sale
$698,888

Established used car lot, high NOI, excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a thriving used car lot in Maywood, Illinois. Located at 310 Lake St, 60153, this property encompasses five parcels totaling a substantial area. The lot comfortably accommodates up to 75 vehicles and includes a sizable garage. In addition to the main lot, two additional buildings provide valuable office space and restrooms. Built in 1971, the property is classified as Class B and zoned B-3. The current annual net operating income (NOI) stands at $90,000, yielding a compelling 12.88% capitalization rate. The asking price is $698,888. This property offers significant potential for continued rental income or redevelopment to suit a variety of business ventures. The prime location and existing infrastructure make this a truly unique opportunity for investors seeking strong returns and diverse operational possibilities. Don't miss this chance to acquire a well-established business with substantial income potential and significant upside.

Highlights

  • Prime location.
  • Excellent investment opportunity: five parcels sold together.
  • Established used car lot accommodating 75 vehicles, plus a garage.
  • Two additional buildings with office space and restrooms.
  • Generates $90,000 annual rental income.
  • Ideal for owner-operator or continued rental income.

Property Details for 310 Lake St

Property type
Other mixed-use properties, Other land
Class
B
Year Built
1971
Buildings
3

Location Insight

City
Maywood
County
Cook
State
Illinois
Latitude
41.8891133
Longitude
-87.8374819
310 Lake St, Maywood, Illinois
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310 Lake St
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