530 Grand Ave, Elmhurst, IL 60126-1031
This exceptional Elmhurst, IL commercial property, located at 530 W Grand Avenue, presents a compelling investment opportunity. The approximately 9,976 square foot building sits on a 1.63-acre lot boasting 290 feet of Grand Avenue frontage. The property features twenty spacious service bays with 12-foot clearance, currently occupied by four established tenants: a car dealership, tire shop, mechanic shop, and detailing center. Two of these tenants are multinational brands, providing a stable and predictable income stream. Recent, extensive renovations completed in 2024 include a new roof, professional tuckpointing, fresh interior and exterior paint, and fully renovated restrooms. These upgrades significantly enhance both the aesthetic appeal and functionality of the building. Its prime location offers easy access to major transportation routes, benefiting from high traffic volume and a strong regional demographic profile. This combination of a robust tenant base, strategic location, and recent capital improvements makes this property an ideal investment for those seeking long-term value and growth potential in a thriving Chicago suburb. The property's size, tenant mix, and recent upgrades position it for continued commercial success.
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My Choice Motors Car Dealership
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
C · Elmhurst, ILElmhurst. Always verify with local authorities before improvements.
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.