Property profile

239 162Nd St South Holland, IL 60473

OFF-MARKET
Retail properties & Spaces
6,500 SF 0.46 ac lot Built 1989
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 6,500-square-foot, single-story auto shop building situated on a 0.46-acre lot in South Holland, Illinois. The property, located at 239 W 162nd St (Route 6), benefits from high visibility on a busy commercial thoroughfare with approximately 23,500 vehicles passing daily. Built in 1989 and renovated in 2014, the building features eight bays and an office/waiting area, perfectly suited for an auto repair business. Recent upgrades include a new 60-mil TPO roof (2024, 20-year warranty) and new furnaces (2024, 10-year warranty). The property is zoned for General Business - Commercial use and offers convenient access to Interstate 94 (approximately 2 miles west). The asking price is $600,000, translating to $92.31 per square foot. The land value alone is estimated at $100 per square foot. The property is a Class C building with a gross lease in place, expiring October 31, 2024. This owner/user investment presents a rare opportunity to acquire a well-maintained, strategically located auto shop in a thriving commercial area. The property's features, recent upgrades, and prime location make it an attractive proposition for both owner-operators and investors seeking a strong return on investment. The Cook County Assessor's Parcel Number (APN) is 29-21-200-076-0000.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1989
Total area 6,500 SF
Lot 0.46 ac (20,038 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Shopping Center & Mall
  • Auto Repair Shop

Location

239 162Nd St South Holland, IL 60473
South Holland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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