2630 Lake Street W
Hanover Park, IL, 60133 $ 499,000
Bedrooms-- Baths-- Monthly Estimate*
$ 3,151
for $499,000. This building was built in 1995 on a lot size of 0.660009.
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!
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FeaturesGeneralCooling None
Zoning COMMR
Year Built 1995
Electric Three Phase
Stories Count 0
Property Subtype Mixed Use
Tax Year 2023
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status New
Directions I-90 W to I-290 E to IL-390 Toll W exit Lake St/US20 going West
City Hanover Park
Number Of Units Total 0
MLS Area Hanover Park
Lot Size Square Feet 28750
Tax Annual Amount 27182
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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ExteriorBuilding Area Total 0
Lot Dimensions 0
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* Excluded FeaturesList ByInfiniti Properties, Inc.Broker
j.rosenberg1976@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,151
- Monthly Property Taxes
- $2,265
- 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.
Learn more about how to save NearbyCommerical listings in Hanover Park, IL
Average List Price $1,212,450
Percent of Sale Price 143%
About Hanover Park, IL 38,210 Population
0% Since 2002
$ 66,343 Median Income
31.59 Median Age
50% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/5/2026 | $499,000 | | Listed Price |