524 Grand Ave Elmhurst, IL 60126
- Specialty properties
- 9,976 SF
Current Use by Public Records
- Tire Tracks - Elmhurst / Brake Shop / Car Battery Store
Property Details for 524 Grand Ave
- Year built
- 1999
- Property size
- 9,976 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
Exceptional investment opportunity in Elmhurst, Illinois, presents a 9,976 square foot mixed-use property ideally suited for automotive services and retail. This property, located at 524-530 W Grand Ave, boasts a prime location with 290 feet of Grand Avenue frontage on a 1.63-acre lot (71,003 sq ft). The building, constructed in 1999, features four units currently occupied by well-established tenants, including two multinational brands, generating a strong net operating income (NOI) of $210,445 and a 6.58% cap rate. The asking price is $3,200,000, translating to $330 per square foot. The property includes 20 spacious service bays with 12-foot clearance and 16.1-foot ceilings. Recent upgrades (2024) include a new roof, tuckpointing, fresh paint (interior and exterior), and fully renovated restrooms. The property's commercial zoning and convenient access to major transportation routes contribute to its high-traffic location and strong regional demographics, ensuring continued commercial success. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location with significant growth potential. The DuPage County location, with APN 0326104011, offers investors a stable and lucrative investment.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elmhurst
- County
- DuPage
- State
- Illinois
- Longitude
- -87.9581
- Latitude
- 41.9284
