Property profile

3311 16Th St Zion, IL 60099

FOR LEASE
Gas stations
Property ID
US28-2091665
5,530 SF 1.51 ac lot Built 1984
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION WITH FOOD MART
Year built 1984
Construction BRICK
Total area 5,530 SF
Lot 1.51 ac (65,732 SF)
APN 04-17-102-017
UPID US28-2091665

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3311 16Th St Zion, IL 60099
Zion metro Census 860105 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
$686k
Blend (final) Blend
$600k

Owner & transaction history

since 2025
Last sale
$485,000
7 recorded transactions
2025
$485,000
2017
$1.0M
2017
Price N/A
2009
Price N/A
1998
Price N/A
1998
$450,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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