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4426139
4426230

19560 Burnham Ave, Lynwood, IL 60411 For Sale

DR
IL IL 471018566
Raines Realty Ltd.
Listed by Raines Realty Ltd.
$550,000
1928 days on market
Updated 38 days ago

19560 Burnham Ave.

Details
APN 33072010430000 and 33072010500000
Property Type Retail
Sub Type Auto Shop
Square Footage 6,761
Net Rentable (SqFt) 6,761
Units 1
Cap Rate 9.65%
NOI $53,079
Occupancy 100%
Tenancy Single
Brand/Tenant All Tune and Lube
Lease Type NNN
Rent Bumps Yes
Lease Options 4 years on 1st Option and 1 additional (5) year option
Pro-Forma Cap Rate 9.65%
Pro-Forma NOI $53,079
Price per SqFt $81
Broker Co-Op Yes
Year Built 1970
Buildings 1
Stories 1
Acreage 0.620
Zoning Commercial
Parking Spaces 20 spaces
Parking per 1,000 SqFt 2.96
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 02/15/2021
Occupancy Date 02/15/2021
Ground Lease No

Retail | 9.65% CAP | 6,761 SF

Marketing description

Raines Realty Ltd. is 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-square-foot automotive service facility situated on two parcels totaling approximately 0.62 acres. The property is currently occupied and generating income, providing investors with immediate cash flow while preserving future upside potential.

Strategically located directly across from Lansing Municipal Airport near the intersection of Burnham Avenue and Glenwood Lansing Road, the property benefits from strong visibility and traffic exposure of approximately 24,100 vehicles per day. Automotive facilities of this size and functionality are increasingly difficult to replace due to zoning restrictions, permitting requirements, and rising construction costs. This offering presents an opportunity to acquire a well-located automotive property with immediate income and long-term value potential. The property offers multiple future strategies including continued investment ownership, lease restructuring, tenant retention, re-tenanting, or future owner occupancy.

Investment highlights

  • 9.65% CAP Rate
  • Income-Producing Investment Property
  • 6,761 SF Automotive Service Facility
  • Two Parcels Included
  • Approximately 0.62 Acres
  • Six Drive-In Service Bays
  • 100% Occupied
  • Immediate Cash Flow
  • B-3 Commercial Zoning
  • 24,100 Vehicles Per Day
  • Across from Lansing Municipal Airport
  • Ample Parking
  • Outdoor Storage Potential
  • Future Rental Growth Potential
  • Replacement Cost Significantly Exceeds Asking Price
  • Easy Access to I-94, I-80, I-294 and Route 83
  • Potential Seller Financing Available

Listing Contacts

DR
IL IL 471018566
Raines Realty Ltd.
Listed by Raines Realty Ltd.

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$53,079.00
$4,423.25/mo

Valuation Metrics

0
DSCR
9.65%
Cap Rate
9.65%
ROI

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Additional Information

Name
DENISE RAINES
License
IL 471018566
Brokerage
Raines Realty Ltd.
Brokerage Phone
3129535780
Title
Designated Managing Broker
Brokerage Address
6724 West 88th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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