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    1046 Lake St Roselle, IL 60172

    For Sale
    $3,025,000

    High-NOI, Fully Leased Auto Center

    Property size:
    20,655 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a fully leased, 20,655 square foot automotive center located at 1046 Lake St, Roselle, IL 60172. The property, classified as a Class C retail building, boasts a strong NOI of $241,190 and is currently 100% occupied across seven units. Built in 1990, the building sits on a 2.49-acre lot and benefits from a B zoning permit. The weighted average lease term for the tenants is six years, providing excellent long-term stability for investors. This stabilized investment is situated in a prime location within DuPage County, adjacent to a Napa Auto Parts store and anchored by Firestone, ensuring high visibility and consistent traffic. Low DuPage County taxes further enhance the attractiveness of this property, making it an ideal addition to any portfolio seeking strong returns and minimal tax burden. The asking price for this rare offering is $3,025,000. This represents a compelling opportunity to acquire a well-established, high-performing automotive center in a desirable location with significant upside potential. The property's size, tenant occupancy, and strategic location combine to create a robust and reliable income stream.

    Property Features for 1046 Lake St

    General Information

    Property type
    Individual retail properties
    Square Feet
    20,655 SF
    Class
    C
    Lot Size
    108,464 SF

    Building Details

    Year Built
    1990
    Units
    7

    HighLights

    • Fully leased, 20,655 SF automotive center in Roselle, IL.
    • Class C retail building with a strong NOI of $241,190.
    • 100% occupancy across seven units, weighted average lease term of six years.
    • 2.49‑acre lot with B zoning, located near Firestone and Napa Auto Parts.
    • Asking price: $3,025,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roselle
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1070732
    Latitude
    41.9671867

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    FAQs

    What type of property is this?
    Individual retail property - High-NOI, Fully Leased Auto Center
    Where is this individual retail property located?
    The property is located at 1046 Lake St Roselle, IL.
    What is the asking price?
    The asking price for this property is $3,025,000.
    What are key features of this property?
    This property features: Fully leased, 20,655 SF automotive center in Roselle, IL.; Class C retail building with a strong NOI of $241,190.; 100% occupancy across seven units, weighted average lease term of six years.
    Request Owner's contact information
    1046 Lake St Roselle, IL 60172
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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
    1046 Lake St Roselle, IL 60172
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