Operating Car Wash/Re-Development Opportunity in Addison, IL

731 S. Addison Road Addison, IL 60101

731 S. Addison Road, Addison, IL, 60101
731 S. Addison Road, Addison, IL, 60101
FOR SALE Auction Property
Property Type:
Free Standing Building
Last Verified:
Jan 18, 2021

Incredible Re-Development Opportunity

New Minimum Bid: $425,000 (Reduced from $499,000)

Buyer’s Premium: 6% ($40,000 minimum applies)

Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)

Built: 1973

Lot Size: Approx. .54 ACRES 2, 931 SF

Building Size: Approx. 2, 931 SF

2019 Taxes: $12,156.92

PIN #: 03-33-208-003

Zoning: B1

Traffic Count: 17,900 VPD

Back on the market with a 20%+ price reduction, by a motivated seller! This car wash is currently in operation. It sits on a busy Addison Road location with approximately 17,900 cars per day. A flat level .5 acres also was recently surveyed and inspected and has a clean Phase 1 Environmental study (2016).

There are numerous potential re-development opportunities for this property such as retail stores, free-standing restaurant, fast food, coffee shops or automotive repair etc.

This property is ideal for an improved and updated car wash or a re-development opportunity for other commercial businesses.

Great location on Addison Road in between North Avenue (Route 64) and Lake Street (Route 20) with 17,900 vehicles per day.

Additional URLs

Map of 731 S. Addison Road, Addison, IL, 60101

Presented by:

Request additional information

Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.