Commercial: MLS #12451474 Chicago, IL $ 8,900,000
Commercial: MLS #12451474
$ 8,900,000
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Commercial: MLS #12451474

Chicago, IL, 60659
$ 8,900,000
Bedrooms-- Baths-- Sq 31,163

Monthly Estimate*

$ 56,196

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Commercial Property for sale in Chicago, IL

for $8,900,000. This 31,163 square foot building was built on a lot size of 1.12066.

Former Ford Motor Car Dealership-Exceptional Redevelopment Opportunity Rare opportunity to acquire this high-visibility, high-traffic corner site that is ideal for a wide range of uses. The former Ford Motors Car dealership location, approximately 50,000 Sq. ft. land site includes a 31,000 sq. ft. building and ample parking, located on the prominent corner of Western Ave just north of Devon Ave. Positioned directly across from Warren Park and block away from Honda car dealership. The existing facility is well-equipped to support car dealership, automotive-related businesses offering a repair shop, body shop, car wash, and Auto-parts department. However, the site also offers significant redevelopment potential for a variety of commercial or mixed-use projects. Dedicated parking lot. Excellent Western Ave. frontage. Minutes from Lake Shore Drive, major roads, and interstates. Potential benefits from inclusion in a Tax Increment Financing (TIF) District. This is one of the few remaining large parcels in the area with such diverse possibilities, perfect for auto dealerships, service centers, or redevelopment into retail, banquet, or mixed-use space. The site enjoys outstanding exposure and accessibility. Don't miss this rare opportunity to own or invest in a prime corner site in a vibrant, high-demand corridor.

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Commercial Contingent

Price

$ 8,900,000

Property Type

Commercial

Taxes

$ 69,000

Style

Auto Dealer,Auto Service

Lot Size

1.12066

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12451474

Features
General
Cooling Central Air
Utilities Electric to Site
Possession Closing
Roof Rubber
Zoning COMMR
Construction Materials Brick Concrete
Stories Count 1
Tax Year 2024
Current Use Commercial
Business Type Auto Dealer Auto Service
County Cook
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Contingency Attorney/Inspection
Possible Use Commercial Condominium Industrial Office Multi-Family
Status Contingent
Directions Western Ave. north of Devon Ave. Between Devon Ave. and Touhy Ave.
City Chicago
MLS Area CHI - West Ridge
Lot Size Square Feet 48816
Tax Annual Amount 69000
Additional Parcels Y/N N
Standard Status Active Under Contract
Ownership Type Corporation
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Exterior
Building Area Total 31163
Lot Dimensions 452x108
Frontage Type City Street
Waterfront Y/N N
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* Excluded Features
List By
Century 21 Circle

Broker

mark@chicagorealestatemarkets.com

Email

Affordability Calculator

$61,946
Per Month
91%
9%
0%
Monthly Principal & Interest
$56,196
Monthly Property Taxes
$5,750
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/1/2026$8,900,000 -1.11% Price Down
5/10/2026$9,000,000 -5.26% Price Down
4/10/2026$9,500,000 -9.52% Price Down
3/3/2026$10,500,000 -4.55% Price Down
2/4/2026$11,000,000 -8.33% Price Down
12/2/2025$12,000,000 Listed Price

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