7802 Madison StForest Park, IL 60130

For Sale
$2,191,500

High-volume, owner-user opportunity in Forest Park, IL.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional portfolio offers two high-volume car washes in Forest Park, Illinois, totaling 16,392 square feet on a 0.71-acre lot. The asking price is $2,191,500, translating to $133.69 per square foot. This presents a unique owner-user opportunity to acquire both the buildings, the established businesses, and the underlying real estate. The portfolio boasts strong sales performance year-over-year, with both locations strategically positioned for high traffic visibility. The Roosevelt Road location benefits from over 29,000 vehicles per day, while the Madison Street location sees over 11,000. Their close proximity (1.5 miles apart) allows for efficient management. The portfolio serves a densely populated area with approximately 1,234,839 people within a 3-mile radius. Furthermore, car washes qualify for bonus depreciation, potentially enhancing investment returns. This is a rare opportunity to acquire significant market share in a thriving area. The portfolio consists of two buildings located at 7802 Madison St and 7343 Roosevelt Rd, Forest Park, IL 60130, within Cook County.

Highlights

  • Owner-user opportunity to acquire two car washes and underlying real estate.
  • Acquire two high-volume car washes for immediate market share in a densely populated area.
  • High year-over-year sales performance.
  • High traffic visibility: Roosevelt Rd location sees over 29,000 vehicles daily; Madison St location sees over 11,000 vehicles daily.
  • Conveniently located 1.5 miles apart.
  • ±234,839 population within a 3-mile radius.

Property Details for 7802 Madison St

Property type
Other specialty properties, Automotive properties
Square Feet
16,392 SF
Buildings
2
Lot Size (sq. ft)
30,928 SF

Location Insight

City
Forest Park
County
Cook
State
Illinois
Latitude
41.879022
Longitude
-87.8194946
7802 Madison St, Forest Park, Illinois

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7802 Madison St
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