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29318089
29318108

9021 Harlem Avenue, Morton Grove, IL 60053 For Sale

HomeSmart Connect
Listed by HomeSmart Connect
$1,236,000
179 days on market
Updated 83 days ago

9021 Harlem Avenue

Details
APN 10183080010000
Property Type Business for Sale, Retail
Sub Type Business Only, Auto Shop (+3)
NOI $846,942
Year Built 1960
Lot Size (SqFt) 27,346
Zoning COMMR

Business for Sale

Marketing description

Outstanding commercial opportunity in a premier, high-traffic Morton Grove location. This 14,560 sq ft land site offers exceptional dual-street frontage, providing maximum visibility, strong traffic counts, and excellent brand exposure. Located in a well-established commercial corridor with ample on-site parking, the property is ideally positioned for a wide range of uses. Zoned C-2, the site allows for significant flexibility and multiple redevelopment options, including: continuing the existing operation, remodeling or expanding the current structure, adding a second level, or pursuing a full tear-down for complete redevelopment (buyer to verify zoning and permitted uses). Ideal for investors, developers, or owner-users seeking long-term upside in a prime location. The existing building is currently occupied by a well-established, actively operating auto repair shop with excellent street presence, offering immediate income potential while planning future improvements or redevelopment. Business Opportunity - Established Auto Repair Shop. Rare opportunity to acquire a long-standing auto repair business serving the Morton Grove community for over 20 years. Known for reliable, high-quality service, the business enjoys a loyal and repeat customer base supported by strong word-of-mouth and a solid reputation. The shop is fully equipped to handle a wide range of automotive services, from routine maintenance to complex repairs. The operation is profitable and turnkey, with financials available for qualified buyers upon execution of an NDA. Sale includes equipment, inventory, and established operational systems, and the current owner is willing to assist with a smooth transition. A rare, high-visibility commercial asset offering flexibility, income, and significant redevelopment potential - perfect for retail, service, automotive, or mixed-use concepts.
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Listing Contacts

HomeSmart Connect
Listed by HomeSmart Connect

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$846,942.00
$70,578.50/mo

Valuation Metrics

0
DSCR
68.52%
Cap Rate
68.52%
ROI

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