524-530 W Grand Avenue Elmhurst, IL $ 3,200,000
524-530 W Grand Avenue
$ 3,200,000
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524-530 W Grand Avenue

Elmhurst, IL, 60126
$ 3,200,000
Bedrooms-- Baths-- Sq 9,976
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Property for Rent in Elmhurst, IL

for $3,200,000. This 9,976 square foot property was built in 1999 on a lot size of 1.63.

Presenting a premier commercial asset located at 530 W Grand Ave in Elmhurst, one of Chicago's most sought-after suburbs. This approximately 10,000 sq. ft. facility sits on a generous 1.63-acre lot with 290 feet of frontage along Grand Avenue, offering exceptional visibility and accessibility. Designed to support a wide range of automotive and service-related operations, the property features 20 expansive service bays with 12-foot clearance. It is currently leased to four established tenants-including a car dealership, tire shop, mechanic, and detailing center-two of which are multinational brands. This solid tenant mix provides reliable, long-term rental income. Significant capital improvements were completed in 2024, including a new roof, professional tuckpointing, interior and exterior painting, and fully renovated restrooms, all of which enhance both functionality and curb appeal. Strategically positioned in a high-traffic corridor with convenient access to major transportation routes, the property benefits from strong regional demographics and sustained commercial demand. With its prime location, recent upgrades, and stable income stream, this property offers a compelling opportunity for investors seeking long-term value and growth.

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Rental Active

Price

$ 3,200,000

Taxes

$ 29,988

Style

Commercial,Automotive

Lot Size

1.63

Year Built

1999

Town/City

Elmhurst

County/Region

DuPage

MLS | Web ID

12462850

Features
General
Cooling Office Only
Utilities Electricity Available Natural Gas Available Water Available
Possession Closing
Roof Rubber
Zoning COMMR
Construction Materials Brick Steel Siding
Year Built 1999
Electric Service - 101 to 200 Amps
Stories Count 0
Township Addison
Property Subtype Business
Tax Year 2024
Current Use Commercial Automotive
Gross Income 246227
County DuPage
Net Operating Income 209568
Operating Expense 35782
Insurance Expense 3000
Property Type Commercial Sale Retail/Stores
Status Active
Directions Coming from I-290 (Eisenhower Expressway): Take Exit 15 for North Ave (IL-64). Head west on North Ave (IL-64 W) toward Elmhurst. After about 2 miles turn left onto York St. Continue south on York
City Elmhurst
Number Of Units Total 4
MLS Area Elmhurst
Lot Size Square Feet 71003
Tax Annual Amount 29988
Electric Expense 2000
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Leasable Area 4000
Lease Type Modified Gross
Standard Status Active
Cap Rate 7
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 9976
Lot Dimensions 1.63
Frontage Type County Road
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* Excluded Features
List By
Sb Real Estate Group, Pllc

Broker

info@sbrealestategroup.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/4/2025$3,200,000 Listed Price

Map


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524-530 W Grand Avenue, Elmhurst, IL, 60126 is a Property for Rent at $3,200,000 with 9,976 sqft and a lot size of 1.63. 524-530 W Grand Avenue was built in 1999. The property's zip code is 60126 which is in Elmhurst, IL