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    Property profile & analytics
    OFF-MARKET Estimated value $2,065,000
    Commercial real estate

    530 Grand Ave, Elmhurst, IL 60126-1031

    9,976 SF 1.63 ac lot Built 1999
    Individually Owned 23-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-0405594
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1999
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 9,976 SF
    Lot 1.63 ac (71,003 SF)
    Zoning code C
    APN 03-26-104-011
    UPID US28-0405594
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • My Choice Motors Car Dealership
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.59M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.07M
    Owner & transaction history
    Bensenville Tire · 23 yrs held
    Bensenville Tire
    since 2002
    5 recorded transactions
    2002
    $1.8M
    1999
    1969
    1969
    1969
    Zoning & alternative use
    C · Elmhurst, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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