1701 Lewis Ave Zion, IL 60099-1539
- Auto shops
- 1,444 SF
- 0.51 lot acres
Current Use by Public Records
- Auto shops
Property Details for 1701 Lewis Ave
- Year built
- 1961
- Construction
- STEEL FRAME
- Lot size
- 0.51 lot acres
- Property size
- 1,444 SF
- Property type
- Auto shops
- APN
- 04-17-401-001
- APU
- 417401001
Description
This exceptional special-purpose property at 1701 Lewis Avenue in Zion, Illinois, presents a fantastic investment opportunity. Priced at $450,000, this 22,329 square foot lot houses a building ideally suited for an automotive shop or car dealership. The building has undergone a complete renovation, boasting fresh paint, new flooring, a new roof, and new windows throughout. Two bathrooms have been totally remodeled to a high standard. Ample parking is available, accommodating approximately 15 vehicles. The property's location in Zion, Lake County (zip code 60099), is highly desirable and offers excellent visibility and accessibility. This turnkey operation requires no further investment
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $165,000
- 6.5%
- $165,000
- 7%
- $185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $155,000
- Geo Method
- $135,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $180,000
- Retail
- $180,000
- Mixed-Use
- $145,000
- Hospitality
- $155,000
- Educational
- $135,000
- Residential Income
- $160,000
- Energy
- $165,000
- Income-Based Land
- $145,000
- Food Service
- $185,000
Location Insight
- Map
- Local Demand
- City
- Zion
- County
- Lake
- State
- Illinois
- Longitude
- -87.8541
- Latitude
- 42.4641
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA