10534 Michigan Ave Chicago, IL 60628
- Commercial real estate
- 0.17 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 10534 Michigan Ave
- Year built
- 1980
- Lot size
- 0.17 lot acres
- Property type
- Commercial real estate
- APN
- 25-15-119-051
- APU
- 2515119051
Description
This exceptional opportunity presents a well-established auto repair shop in Chicago, IL, boasting a 49-year history of success. The 15,000 square foot building sits on a 41,714 square foot lot and includes three overhead doors, a paint booth, and ample parking for 50 vehicles. Some essential equipment is included in the sale, ensuring a smooth transition for the new owner. The property's prime location in Cook County, at 10534 S Michigan Ave, zip code 60628, ensures access to a diverse clientele and benefits from decades of established customer loyalty. The asking price is $1,116,000, translating to $783.33 per square foot. This single-story building offers significant potential for continued growth and profitability. Financial details are available upon request. This is a turnkey operation ready for a new owner to continue its legacy of automotive expertise. The property is zoned for retail use and is a single building on a large lot. The business has a proven track record and is well-positioned for continued success.
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
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6212
- Latitude
- 41.7023
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
