CAR DEALER LOT, OWNER FINANCING AVAILABLE 2622 N Cicero Ave 1,100 SF Retail Building Chicago, IL 60639 $649,000 ($590/SF) 7.86% Cap Rate

Prime corner auto-sales property with stoplight exposure, LEGAL non-conforming auto-sales entitlement, and over 90 years of uninterrupted dealership operation. This is a rare opportunity to acquire a proven, legacy auto dealership location right in the heart of Chicago’s long-established automotive corridor along North Cicero Avenue — a stretch that begins around Addison Street and runs south with decades of continuous used-car retail activity. Cicero Avenue (Illinois Route 50) is one of Chicago’s busiest commercial arterials and a designated state highway, offering exceptional traffic flow and uninterrupted visibility.
The property consists of approximately 6,250 SF of land with efficient layout, dual curb cuts from Drummond, alley access, and strong corner presence. A CTA bus stop sits immediately at the intersection, increasing visibility and daily exposure. The lot is well-lit for nighttime display and includes a monument sign on the corner, maximizing branding and drive-by recognition.
The freestanding building supports dealership operations with four private offices, two restrooms, a kitchen/break area, and a single-car garage that functions well for storage, detailing prep, or administrative overflow. The interior layout is ideal for retail automotive operations, finance desks, customer waiting, and on-site management. The combination of indoor workspace and exterior lot efficiency makes this a turn-key opportunity for an operator who needs both visibility and functional office space.
Despite its B1-1 zoning, the property benefits from a grandfathered LEGAL non-conforming auto-sales right, allowing a new owner to continue operating a dealership without zoning changes, variances, or special approvals. This entitlement is exceptionally valuable in Chicago, where new auto sales uses are difficult to entitle under current zoning and city rules.
Located at the signalized intersection of Cicero & Drummond, the property enjoys strong north-south vehicle counts and excellent sightlines. The area is surrounded by dense residential neighborhoods, national retailers, independent businesses, service commercial operators, and numerous long-standing auto retailers — providing a consistent customer base and strong daytime population. The property is strategically positioned for independent used car dealers, buy-here-pay-here operators, cash car retailers, or regional and national automotive tenants seeking an in-city expansion site.
HIGHLIGHTS
• Located on Illinois Route 50 (Cicero Avenue)
• In the core of Chicago’s historic auto-sales corridor (Addison southward)
• 90+ years of continuous auto-sales operation
• LEGAL non-conforming auto-sales entitlement
• Corner lot with stoplight + CTA bus stop
• Approx. 6,250 SF lot with dual curb cuts + alley
• Four offices, two restrooms, a kitchen, and a one-car garage
• Ample lot lighting for nighttime display
• Monument signage on the corner
• Strong visibility + long frontage
• Surrounded by dense rooftops and a heavy daytime population
• Ideal for auto sales only (no mechanical repair)
• OWNER FINANCING AVAILABLE
This is a rare opportunity to secure a legacy dealership pad in a corridor that has supported automotive retail for generations. Perfect for independent dealers, BHPH operators, cash-car retailers, and auto groups seeking a Chicago presence.