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    932 59Th St Chicago, IL 60621

    For Sale
    $200,000

    2,000 SF Garage Repair Shop, $200K

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a 2,000-square-foot industrial garage repair shop located at 932-946 W 59th Street, Chicago, Illinois, 60621. Priced at $200,000, this property offers a compelling price per square foot of $100. The building itself boasts ample space for a thriving repair business, featuring two functional lifters and a substantial amount of existing equipment. Beyond the main structure, the property includes three separate lots providing parking for approximately 30 vehicles, ensuring convenient access for customers and employees. This turnkey operation is situated in Cook County and offers immediate potential for a new owner. The property's address is clearly identified as 932-946 W 59th Street, providing easy location verification. The sale is offered directly by the owner, presenting a streamlined transaction process. This is a rare opportunity to acquire a well-established industrial property in a desirable Chicago location with significant parking and operational equipment already in place. The property's size and features make it ideal for a variety of uses within the industrial sector. Don't miss this chance to own a profitable and established business.

    Property Features for 932 59Th St

    General Information

    Property type
    Industrial properties
    Square Feet
    2,000 SF

    HighLights

    • Asking price: $200,000.
    • 2,000 square foot industrial garage repair shop.
    • Price per square foot: $100.
    • For sale by owner.
    • Located at 932 W 59th St, Chicago, IL 60621.
    • Includes approximately 30 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6488539
    Latitude
    41.7871691

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    FAQs

    What type of property is this?
    Industrial property - 2,000 SF Garage Repair Shop, $200K
    Where is this industrial property located?
    The property is located at 932 59Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Asking price: $200,000.; 2,000 square foot industrial garage repair shop.; Price per square foot: $100.
    Request Owner's contact information
    932 59Th St Chicago, IL 60621
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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
    932 59Th St Chicago, IL 60621
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