Property profile

651 Lincoln Ave Hinckley, IL 60520

OFF-MARKET
Commercial real estate
Property ID
US28-1300079
Trust Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property in Hinckley, IL, presents a unique investment opportunity. Located on Route 30, boasting over 6,700 vehicles per day, this B3-zoned property offers two versatile units totaling nearly 2,300 square feet. Recently renovated in 2024, the property features a new membrane roof, exterior and interior LED lighting, new epoxy flooring, updated 200-amp electrical panels, and new ceiling fans. Unit 5A, a former oil service center, includes a 16x13 office with service counter, bath, and AC; a 32x29 garage with two 10x12 overhead doors and Liftmaster openers; two 4-post rotary lifts; a Hunter DSP400 alignment system; a 60-gallon Master Force air compressor; bulk oil storage; and a 14x15 storage room. Unit 5B offers a 29x17 garage with a 10x12 overhead door and Liftmaster opener; a 2-post rotary lift; a 10x25 storage/prep area with a drive-thru window and two 250v equipment outlets. Both units have private restrooms, front and rear entrances, independent heating systems, and separately metered utilities. Five parking spaces are available. The property's APN is 1514329016. This property is ideal for an independent mechanic, automotive hobbyist, or any business seeking a ready-to-go, professional-grade facility in a high-traffic location. The asking price is $240,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 15-14-329-017
UPID US28-1300079

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Telecommunications Service
  • General Contractor Renovation Specialist
  • Training Center Vocational School

Location

651 Lincoln Ave Hinckley, IL 60520-6033
Hinckley metro Census 1700 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2021
Last sale
$138,500
3 recorded transactions
2021
$138,500
2016
Price N/A
2013
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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