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1701 Algonquin Road Mount Prospect, IL $ 1,599,999
1701 Algonquin Road
$ 1,599,999
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1701 Algonquin Road

Mount Prospect, IL, 60056
$ 1,599,999
Bedrooms-- Baths-- Sq 2,759

Monthly Estimate*

$ 10,103

​

Commercial Property for sale in Mount Prospect, IL

for $1,599,999. This 2,759 square foot building was built on a lot size of 0.769008.

**ESTABLISHED AUTO REPAIR BUSINESS + REAL ESTATE | 33,498 SF LOT | MT. PROSPECT** **Rare opportunity to acquire an established automotive repair business together with the underlying commercial real estate in a highly accessible Mt. Prospect location.** Located at **1701 Busse Rd, Mt. Prospect, IL 60056**, this offering provides an owner-user or investor with the opportunity to acquire an operating automotive business while also owning the valuable real estate. Situated on an impressive **33,498 SF lot**, the property offers a substantial land component and an ideal setting for an automotive service operation. The sale includes the **existing auto repair business**, allowing a qualified buyer to take advantage of an established operation rather than starting from scratch. This is an attractive opportunity for an experienced automotive operator seeking ownership of its own facility, an existing repair business looking to expand its footprint, or an investor seeking a commercial property with an established automotive use. **PROPERTY & BUSINESS HIGHLIGHTS** * **33,498 SF commercial lot** * **Established auto repair business included** * Real estate and business offered together * Excellent owner-user opportunity * Substantial land component * Convenient Mt. Prospect location * Ideal for automotive repair and service operations * Opportunity to own the business **and** the real estate * Potential for long-term business and real estate value **OWN THE BUSINESS. OWN THE REAL ESTATE. BUILD YOUR FUTURE.** Opportunities combining an established automotive business with its underlying real estate are uncommon. **1701 Busse Rd offers a qualified buyer the ability to step into an existing automotive operation while securing ownership of a substantial commercial property.** **Confidential business and financial information available to qualified buyers upon request. Showings by appointment only.**

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Commercial Active

Price

$ 1,599,999

Property Type

Commercial

Taxes

$ 32,373

Style

Auto Service

Lot Size

0.769008

Town/City

Mount Prospect

County/Region

Cook

MLS | Web ID

12775994

Features
General
Sewer Public Sewer
Cooling None
Utilities Electric to Site Natural Gas Available Sewer Connected Water Available
Possession Closing
Roof Composition
Zoning COMMR
Construction Materials Brick
Stories Count 1
Tax Year 2025
Current Use Commercial
Business Type Auto Service
County Cook
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Possible Use Commercial
Status New
Directions Southwest corner of Algonquin Rd and Busse Rd
City Mount Prospect
MLS Area Mount Prospect
Lot Size Square Feet 33498
Tax Annual Amount 32373
Additional Parcels Y/N N
Lease Type N/A
Standard Status Active
Ownership Type LLC
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Exterior
Building Area Total 2759
Lot Dimensions 64x73x43x37x106x34x181x135x61
Frontage Type City Street Signal Intersection
Waterfront Y/N N
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* Excluded Features
List By
Insight Real Estate Advisors, Llc

Broker

Phillip@insightrea.com

Email

Affordability Calculator

$12,800
Per Month
79%
21%
0%
Monthly Principal & Interest
$10,103
Monthly Property Taxes
$2,698
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
10/3/2026$1,599,999 Listed Price

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1701 Algonquin Road, Mount Prospect, IL, 60056 is a Commercial Property for sale at $1,599,999 with 2,759 sqft and a lot size of 0.769008. The property's zip code is 60056 which is in Mount Prospect, IL