3311 16th St, Zion, IL 60099-1417
This 5,697 square foot retail property, located at 3311 16th St, Zion, IL 60099, in Lake County, offers a unique investment opportunity. Previously used as a collision repair facility, the building presents a versatile space suitable for a range of businesses. The single-tenant property boasts convenient access from both 16th Street and Highway 173, ensuring high visibility and accessibility for customers. The large parcel size provides ample space for operations and potential expansion. This property is situated in Zion, Illinois, a vibrant community offering a strong local market. The building's previous use as a collision repair facility suggests a robust infrastructure already in place, potentially reducing initial setup costs for suitable businesses. Its strategic location and versatile nature make it an attractive option for entrepreneurs seeking a well-positioned commercial space. Interested parties should inquire for pricing details. The property is classified as retail and is a single-tenant building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.