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    332 159 St Harvey, IL 60426

    Sponsored
    For Sale
    $950,000

    Turnkey Auto Shop, 5000 SF, High Traffic Location

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,000 square foot auto repair shop presents a lucrative investment opportunity. Located at 332 E 159th St, Harvey, IL 60426, in Cook County, this well-established business boasts a prime location on a high-traffic stretch of 159th Street, east of the tollway, ensuring excellent visibility and accessibility. The property, built in 1674 and featuring a single story, includes seven bays, notably one designed to accommodate large vehicles. The asking price is $950,000, translating to $200 per square foot. This turnkey operation has been under the same ownership for over 30 years, cultivating a strong reputation for customer satisfaction and community trust. The modern building is well-maintained and includes ample parking. The property is zoned C and offers a rare chance to acquire a profitable, long-standing business with experienced technicians already in place. This is an ideal opportunity for an established operator looking to expand or a new entrepreneur seeking a proven business model in a high-demand market. The business's long history and positive reputation provide a solid foundation for continued success.

    Property Features for 332 159 St

    General Information

    Property type
    Automotive properties
    Square Feet
    5,000 SF

    Building Details

    Year Built
    1674
    Stories
    1

    HighLights

    • Seven‑bay warehouse space.
    • Includes oversized vehicle bay.
    • Modern building construction.
    • High‑traffic location at 159th and I‑294.
    • Abundant parking available.
    • Established business with strong reputation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Harvey
    County
    Cook
    State
    Illinois
    Longitude
    -87.6374183
    Latitude
    41.6006469

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    FAQs

    What type of property is this?
    Automotive property - Turnkey Auto Shop, 5000 SF, High Traffic Location
    Where is this automotive property located?
    The property is located at 332 159 St Harvey, IL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Seven-bay warehouse space.; Includes oversized vehicle bay.; Modern building construction.
    Request Owner's contact information
    332 159 St Harvey, IL 60426
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    Harvey, IL 60426
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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
    332 159 St Harvey, IL 60426
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