photo of Nikki Mayer
Nikki Mayer
Hometown Real Estate
7700 W. Belmont Ave
Chicago , IL 60634
Phone:
888 317 9983
Fax:
773 664 0013
Mobile:
708 268 2313
infohometown@gmail.com
8717 Ogden Avenue
Lyons, IL 60534
$699,000.00
$645,000.00 listing calculator

Listing Description


Free standing building with 2 bays on busy Ogden Ave. with over 23,000 cars passing by per day. The building is over 2,500 square feet and was built in 1996 and sits on a concrete foundation with a block structure. The automotive building has 4 garage doors, 1 bathroom, 1 office, storage, 200 AMP service and central HVAC. The building is zoned B1 (retail business district) and the 4 lots total 16,200 square feet of total land. The alley behind the building is paved and you can find additional angle parking on the side street adjacent to the property. The zoning allows multiple uses for the building besides automotive so bring your ideas. Current tenant is paying $5,130 a month and just completed a 10 year NNN lease with the option to stay at a current cap rate of 4.55%.