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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 499,000

Est. payment | -/mo

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$ 499,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12751006

Year Built 1995

Annual Tax Amount $27,182

Tax Year 2023

Property Sub-Type Mixed Use

Property Description

PRIME LAKE STREET COMMERCIAL / REDEVELOPMENT OPPORTUNITY IN HANOVER PARK! Located at 2630 Lake Street, this highly visible commercial property offers tremendous potential for an investor, developer, or owner-user. The site is currently improved with a non-operational former self-service car wash, but the real opportunity is in the land, location, substantial existing infrastructure, and future redevelopment possibilities. The property was originally designed with infrastructure sufficient to accommodate an eight-bay car wash, resulting in significantly oversized utilities. Per seller, the property features three-phase electric service, an oversized natural gas supply serving two approximately 350,000 BTU boilers, an oversized incoming water supply line approximately 2.5"-2.75" in diameter, and an oversized sewer system designed to handle simultaneous water discharge from eight bays. These substantial utility improvements may provide considerable value for a future commercial redevelopment or adaptive reuse. Additional site improvements include three catch basins located outside the building on the east side of the south bay, which may potentially lend themselves to future restaurant or food-service applications, subject to municipal approval and buyer verification. The existing building is constructed with heavy-duty solid utility brick, selected for durability and resistance to temperature extremes, pressure, moisture, and heavy use. The car wash is not currently operational, giving a buyer the opportunity to renovate and repurpose the existing facility or explore an entirely new commercial concept. The combination of Lake Street exposure, existing paved improvements, heavy-duty construction, three-phase power, oversized gas, water and sewer infrastructure, and redevelopment potential makes this a truly unique offering. Property is being sold AS-IS. Buyer to perform all due diligence and independently verify zoning, permitted uses, utility sizes/capacities, redevelopment possibilities, environmental conditions, and all Village requirements. Bring your vision to this exceptional Hanover Park commercial opportunity!

Location

State IL

County Cook

Area Hanover Park

Zoning COMMR

Interior

Cooling None

Fireplace N

Building

Dwelling Type Mixed Use

Listed by Jason Rosenberg of Infiniti Properties, Inc.

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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2630 Lake ST W Hanover Park, IL 60133