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Property profile & analytics

530 Grand Ave Elmhurst, IL 60126-1031

  • Commercial real estate
  • 9,976 SF
  • 1.63 lot acres
OFF-MARKET
Value Estimations
$2,065,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-0405594
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • My Choice Motors / Used Car Dealer / Car Dealer

Property Details for 530 Grand Ave

Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.63 lot acres
Property size
9,976 SF
Zone code
C
Property type
Commercial real estate
APN
03-26-104-011
APU
326104011

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $2,805,000
    6.5%
    $2,590,000
    7%
    $2,405,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Elmhurst
County
Dupage
State
Illinois
Longitude
-87.9579
Latitude
41.9282
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$27,782
$219,230
$230,920
$450,150
-
$657,690
$692,760
$1,350,450
More about this property
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