$1,650,200
$1,795,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
11,117 SqFt
SOLD DATE : 09/27/2022
Key Details
Sold Price $1,650,200
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 11,117 sqft
Price per Sqft $148
MLS Listing ID 10949325
Sold Date 09/27/22
Year Built 1935
Annual Tax Amount $67,153
Tax Year 2019
Lot Dimensions 143000
Property Sub-Type Retail/Stores
Property Description
Pleased to offer for sale, 10926 Southwest Highway in Palos Hills. The property is comprised of a 3.28-acre (143,000 SF) landsite and two commercial buildings totaling approximately 11,000 SF. The property was operated until September 2020 by a regional automotive group as a "Class A" pre-owned vehicle dealership and service center. The property features a showroom/call center (6,058 SF), service/detailing center (5,059 SF), and secure outside storage for vehicles. In 2015, ownership extensively developed the site in conjunction with the intended use as a pre-owned vehicle dealership and service center. Approximately $1.7 Million in capital improvements was performed to both building and the land. Improved with LED lighting, a CCD camera system, and wired with commercial grade communications and IT, the property is truly "turn-key" for a multitude of uses, including but not limited to automotive, contractor supply, office, retail, or flex industrial. The offering is priced at $1,795,000 which is significantly below current replacement cost.
Location
State IL
County Cook
Area Palos Hills
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 1
Structure Type Brick, Steel Siding
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Bought with William Loy • McColly Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "