524-530 W Grand Ave
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524-530 W Grand Ave
9,860 SF 100% Leased Retail Building Elmhurst, IL 60126 $3,200,000 ($325/SF) 6.58% Cap Rate
Investment Highlights
- Offers flexible configurations suitable for retail, office, or light industrial use
- High Traffic Area
- Prime Location
Executive Summary
Introducing a premier commercial property at 530 W Grand Ave, Elmhurst, IL, offering an exceptional investment opportunity in one of Chicago's most desirable suburbs. This Approx 10,000 sq. ft. building is situated on a 1.63-acre lot with Grand Ave frontage of 290 feet. The property is equipped with 20 spacious service bays featuring 12-foot clearance, making it ideal for a range of automotive services and related businesses. Currently, the property houses four well-established tenants, including a car dealership, tire shop, mechanic shop, and detailing center, two of which are multinational brands, ensuring steady, long-term rental income. The facility has undergone comprehensive upgrades in 2024, including a new roof, professional tuckpointing, fresh exterior and interior paint, and fully renovated restrooms, enhancing both its functionality and aesthetic appeal. Positioned in a prime location with easy access to major transportation routes, this property benefits from a high-traffic area and strong regional demographics, making it highly attractive for continued commercial success. With its robust tenant base, strategic location, and recent capital improvements, this property represents an outstanding opportunity for investors seeking long-term value and growth potential.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,860 SF
Building Class
B
Year Built
1999
Price
$3,200,000
Price Per SF
$325
Cap Rate
6.58%
NOI
$210,445
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.63 AC
Zoning
I-1 - Limited Industrial District
Parking
107 Spaces (10.85 Spaces per 1,000 SF Leased)
Frontage
290 FT on Grand Ave
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03-26-104-011 | Total Assessment | $450,150 (2023) |
| Land Assessment | $219,230 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $230,920 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03-26-104-011
Land Assessment
$219,230 (2023)
Improvements Assessment
$230,920 (2023)
Total Assessment
$450,150 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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524-530 W Grand Ave
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