Listed by Chicago-Coldwell Banker Commercial NRT
$399,000
Beverly Car Wash with Value-Add Potential
Details
Property Type Retail, Land
Sub Type Auto Shop, Car Wash
Square Footage 33,400
Cap Rate 6.87%
NOI $30,936
Occupancy 100%
Tenancy Single
Pro-Forma Cap Rate 10.00%
Pro-Forma NOI $7
Price per SqFt $113
Buildings 1
Acreage 1 - 1.99
Zoning C1-1
Parking Spaces 200 spaces
Parking per 1,000 SqFt 5.99
Investment Type Value Add
Tenant Credit No Credit Rating
Ground Lease No
Sale Condition N/A
10620 S Vincennes Ave, Chicago, IL 60643
Marketing description
Prime commercial property located in Chicago’s desirable Beverly neighborhood, offering approximately 33,400 square feet of land. Currently operating as a hand car wash with four service bays, this property presents a unique opportunity for owner-operators and investors alike. The site includes substantial unused space in both the front and rear, providing flexibility for expansion, additional services, or redevelopment in line with C1-1 zoning allowances. With strong street presence and excellent accessibility, this location benefits from consistent traffic flow and visibility. A rare chance to acquire a versatile property with both immediate income potential and long-term growth opportunities.
Investment highlights
- Prime Beverly location with strong visibility and consistent traffic flow
- Expansive 33,400 SF lot offering significant redevelopment potential
- Established hand car wash with 4 operational stalls and in-place income
- A large amount of unused land in both front and rear for expansion or added revenue streams
- Flexible C1-1 zoning allows for a wide range of commercial uses
- Ideal for both owner-users and investors seeking value-add opportunities
- Strong street presence with excellent accessibility
- Rare opportunity to acquire a versatile asset with immediate cash flow and long-term upside
Listing Contacts
Listed by Chicago-Coldwell Banker Commercial NRT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,936.00
$2,578.00/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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