239 162Nd St South Holland, IL 60473
- Retail properties
- 6,500 SF
- 0.46 lot acres
Current Use by Public Records
- South Holland Plaza / Shopping Mall
- Harvey Auto Center 2 / Auto Repair Shop
Property Details for 239 162Nd St
- Year built
- 1989
- Lot size
- 0.46 lot acres
- Property size
- 6,500 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Holland
- County
- Cook
- State
- Illinois
- Longitude
- -87.6237
- Latitude
- 41.6009
