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    599 Suburs Northwest Suburbs, IL 60000

    For Sale
    $599,000

    Illinois Convenience Store & Gas Station

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a vacant gas station and convenience store, situated on a one-acre lot in the Northwest Suburbs of Cook County, Illinois, zip code 60000. The property, currently listed at $599,000, is a single-story building totaling 2,464 square feet. This is an owner-user investment opportunity, ideal for an entrepreneur looking to establish or expand their business. The property is being sold as a Real Estate Owned (REO) asset. The sale includes the land and building, however, potential buyers should be aware that the underground fuel tanks require removal. This presents an opportunity for significant cost savings for a buyer who can manage the tank removal process. The property's convenient location in a bustling Northwest Suburb of Chicago offers high visibility and potential for strong customer traffic. The existing structure includes a convenience store and an auto repair shop, providing a versatile layout adaptable to various business models. The property is being offered as a direct sale, with no additional sales information currently available. Serious inquiries only.

    Property Features for 599 Suburs

    General Information

    Property type
    Automotive properties

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $599,000 asking price.
    • 2,464 square foot retail building.
    • Convenience store and gas station combination.
    • Owner/user investment opportunity.
    • Located in Northwest Suburbs, Cook County, IL, zip code 60000.
    • One‑acre land parcel included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Northwest Suburbs
    County
    Cook
    State
    Illinois

    FAQs

    What type of property is this?
    Automotive property - Illinois Convenience Store & Gas Station
    Where is this automotive property located?
    The property is located at 599 Suburs Northwest Suburbs, IL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: $599,000 asking price.; 2,464 square foot retail building.; Convenience store and gas station combination.
    Request Owner's contact information
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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
    599 Suburs Northwest Suburbs, IL 60000
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