Marathon Gas Station 21W042 Lake St 2,442 SF Retail Building Addison, IL 60101 $2,290,000 ($937.76/SF)

INVESTMENT HIGHLIGHTS

  • Heavy daytime traffic count (75,000 vehicles per day)
  • Potential redevelopment
  • Signalized corner with highway ramp next to the property

EXECUTIVE SUMMARY

Profitable Gas Station with Auto Body Shop in Prime Location. Price incudes Property and Business. This well-established gas station and auto body shop is situated on signalized corner in a high-traffic area (over 75,000 vehicles per day), ensuring consistent customer flow and strong sales. Ideal for a qualified buyer, this business offers significant potential for increased profitability. The business has a Long-standing reputation with a loyal customer base. High traffic area with excellent visibility and next to the I355 on ramp. A second building and addition parcel on the property can be leased for extra income. Plenty of space for customer and staff parking.

DATA ROOM Click Here to Access

TAXES & OPERATING EXPENSES (ACTUAL - 2023)

ANNUAL ANNUAL PER SF
Taxes $16,276 $6.67
Operating Expenses $7,800 $3.19

PROPERTY FACTS

Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Service Station
Building Size
2,442 SF
Building Class
B
Year Built
1962
Price
$2,290,000
Price Per SF
$937.76
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.87 AC
Zoning
C - C, B-2
Frontage
238’ on Lake St

AMENITIES

  • 24 Hour Access
  • Corner Lot
  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Monument Signage
  • Air Conditioning

ABOUT 21W042 LAKE ST , ADDISON, IL 60101

Potential redevelopment for a larger convenient store, gas station operator. Profitable Gas Station with Auto Body Shop in Prime Location. Price incudes Property and Business. This well-established gas station and auto body shop is situated on signalized corner in a high-traffic area (over 75,000 vehicles per day), ensuring consistent customer flow and strong sales. Ideal for a qualified buyer, this business offers significant potential for increased profitability. The business has a Long-standing reputation with a loyal customer base. High traffic area with excellent visibility and next to the I355 on ramp. A second building and parcel on the property can be leased for extra income. Plenty of space for customer and staff parking. Highly Profitable Gas Station with Auto Body Shop in Prime Location. Price incudes Property and Business. This well-established gas station and auto body shop is situated on signalized corner in a high-traffic area (over 75,000 vehicles per day), ensuring consistent customer flow and strong sales. Ideal for a qualified buyer, this business offers significant potential for increased profitability. The business has a Long-standing reputation with a loyal customer base. High traffic area with excellent visibility and next to the I355 on ramp. A second building and parcel on the property can be leased for extra income. Plenty of space for customer and staff parking. Potential redevelopment for a larger convenient store, gas station operator. Combined parcels 21W020 Lake St. & 21W042 Lake St. 02-13-412-020 and 02-13-412-021

NEARBY MAJOR RETAILERS

Famous Dave's
IHOP
LA Fitness
Starbucks
BMO

PROPERTY TAXES

  • Listing ID: 32137789

  • Date on Market: 6/14/2024

  • Last Updated:

  • Address: 21W042 Lake St, Addison, IL 60101