Haley Scogland
REALTOR®
Description
We are pleased to offer this income-producing automotive investment opportunity located in the Burnham Commercial Subdivision of Lynwood, Illinois. The property consists of a 6,761 SF automotive service facility situated on approximately 0.62 acres (2 PINs) directly across from Lansing Municipal Airport. Currently occupied and generating income, the property offers an attractive CAP Rate at the asking price while providing future upside potential through tenant retention, lease restructuring, re-tenanting, or owner occupancy. The building features six drive-in service bays, ample parking, outdoor storage potential, and excellent visibility along Burnham Avenue. Conveniently located near the intersection of Burnham Avenue and Glenwood Lansing Road, where approximately 24,100 vehicles pass daily, with easy access to I-94, I-80, I-294, and Route 83. Automotive facilities of this size and functionality are increasingly difficult to replace due to zoning restrictions, permitting requirements, and rising construction costs. Potential seller financing available.
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1970
General Information
County: Cook
Listed By:
Raines Realty Ltd.
312-953-5780
MRED MLS
MLS ID: 12659360
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19560 Burnham Avenue, Lynwood, IL 60411.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $550,000 | $550,000 | $550,000 |
| Down Payment | $110,000 | $19,250 | $137,500 |
| Monthly Mortgage Amount | $2,673 | $3,325 | $3,398 |
| Taxes | $765 | $765 | $765 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $242 | $0 |
| Monthly Estimated Total | $3,598 | $4,492 | $4,323 |
Haley Scogland
Cell: (563) 343-9233
Email Me
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