22514 N IL Route 83 - Auto Dealership FOR SALE


Long Grove, IL 60060
$2,865,000 USD
847-858-2909
22514 N IL Route 83, Long Grove, IL for Sale
$2,865,000 USD
Auto Dealership - FOR SALE
1/2
null | Request Cap Rate

22514 N IL Route 83
Long Grove, IL 60060


OVERVIEW

Approx 2 Acres of Real estate with 6,500 SF of buildings + 4 rental apartments that generate $4,750/mo in residential rental income. Turnkey RV dealership and/or car dealer and service facility Option 1 – Purchase Business + Real Estate $1.1M – NADA wholesale value of rental fleet RV inventory $165,000 – Parts inventory, tools, and equipment $1.6M – 2-acre property (includes 6,500 SF office/service building + 4 one-bedroom apartments generating $4,750/month income) Total: $2,865,000 Option 2 – Purchase Business + Lease Property $1.1M – NADA wholesale value of rental fleet RV inventory $165,000 – Parts inventory, tools, and equipment $17,000/month lease for the property (includes real estate taxes and $4,750/month apartment income; tenant responsible for insurance and property maintenance) Option 3 – Lease Property Only $17,000/month lease for the property (includes real estate taxes and $4,750/month apartment income; tenant responsible for insurance and property maintenance) Owners will retain business operations for up to 6 months while relocating inventory

FOR SALE DETAILS

PRICE

$2,865,000 USD

PRICE/SF

$441 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

115

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

B-2

APN/PARCEL ID

15-06-106-012,15-06-106-014

ASK ABOUT THIS PROPERTY

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847-858-2909

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Jason BittonRemax CommercialMore Info
847-858-2909

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.