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Round Lake Park, IL 60073 Commercial - Investment Active

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Description

Prime C-3 Zoned Commercial Property in Round Lake Park, which also allows C-2 uses, with village flexibility for additional uses via special use permit. Located on high-visibility Main Street (Route 134) with convenient access to public transportation, Metra, and major highways. Currently operating as an established auto body repair shop for over 35 years, this sale includes both the real estate and the business. Main Level Features: Bright showroom with two bathrooms, adaptable into two small storefronts (each with its own bathroom), and shop office with private bathroom. Spacious workshop ready for a variety of uses. Second Level Features: Living quarters with three bedrooms, full bathroom, kitchen, and laundry. Designed to allow conversion into two 2-bedroom apartments (per owner). Ample parking surrounds the property, with asphalt in the front and side, and gravel in the rear. This versatile property offers many potential uses for investors, entrepreneurs, or business owners looking to expand or relocate. Buyer and buyer's agent to independently verify all aspects of the property, including but not limited to: zoning, permitted uses, square footage, building dimensions, lot size, business operations, occupancy requirements, and municipal approvals. All information deemed reliable but not guaranteed.

Property Highlights

Property Type: Commercial - Investment
Building Description: 2.0 stories
Lot Size: 1.29 acres

General Information

County: Lake
Listed By:
Century 21 Integra 815-344-1033
MRED MLS
$950,000
Est. $5,974/mo
Active
SQUARE FEET7,878 MLS#12426956
STATUSActive PROPERTY TYPECommercial - Investment

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Please Call For Address, Round Lake Park, IL 60073.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $950,000$950,000$950,000
Down Payment $190,000$33,250$237,500
Monthly Mortgage Amount $4,375$5,518$5,681
Taxes $1322$1322$1322
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$570$0
Monthly Estimated Total $5,974$7,687$7,280

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