22514 N IL Route 83 - Auto Dealership FOR SALE


Long Grove, IL 60060
$1,600,000 USD
847-858-2909
22514 N IL Route 83, Long Grove, IL for Sale
$1,600,000 USD
Auto Dealership - FOR SALE
1/2
null | Request Cap Rate

22514 N IL Route 83
Long Grove, IL 60060


OVERVIEW

Must have $1M in cash available to purchase rental fleet. May finance or lease real estate. Turnkey RV dealership with a 75-year legacy. The current owners have successfully operated it for 35 years and are now retiring, creating a rare opportunity to step into a stable, high-performing business. This is the only RV rental option of its kind in the greater Chicagoland area—truly own the market. The rental operation is a strong revenue engine with a loyal customer base, established online booking system, and dominant market share. Units regularly book out months in advance for major events such as Air Show, college games, bike races, festivals, and more. Significant upside remains for an operator who wants to expand RV sales and service. With interest rates trending downward, the next 5–10 years are positioned to be another growth cycle for the industry. The property itself offers flexibility and can support any sales-driven use: RVs, marine/boats, cars, motorcycles, ATVs, and more. 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

$1,600,000 USD

PRICE/SF

$246 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

Jason BittonRemax CommercialMore Info
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.