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550 E Northwest Highway, Des Plaines, IL 60016
$1,500,000
550 E Northwest Highway, Des Plaines, IL 60016View this property at 550 E Northwest Highway, Des Plaines, IL 60016
550 E Northwest HighwayDes PlainesIL60016
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Property Description
Prime Car Dealership Location Now Available for Sale and Lease! Welcome to your next business venture located at the bustling intersection of Northwest Highway & Golf. This exceptional property offers a lucrative opportunity for both ownership and leasing, strategically positioned for success. Size & Zoning: Spanning over 22,817 SF and zoned as C-3, this commercial parcel provides ample space and flexibility for various business endeavors. Modern Infrastructure: The property boasts a meticulously renovated two-level, 8810 SF building, featuring contemporary design elements and elegant touches throughout. Showroom: The spacious 4400 SF showroom on the main level is equipped with epoxy floors, LED lighting, and essential amenities including private offices, conference room, waiting area with beverage station, and restrooms. Versatile Lower Level: With a footprint mirroring the main level, the lower level offers a flexible layout, complete with a ramp, drive-in doors, employee facilities, and mechanicals. Its expansive configuration caters to diverse business needs. Functional Utilities: Powering the establishment is a robust 200 amp electrical service, complemented by three furnaces, a water heater, and two sump pumps, ensuring seamless operations.The property's maintenance-free infrastructure provides a hassle-free environment for businesses to thrive from day one. Endless Possibilities: While tailored for retail car sales, the adaptable space welcomes a myriad of ventures, including home remodeling suppliers, trades with extensive fleets, and businesses necessitating showroom facilities and ample gated parking. Seize the opportunity to elevate your enterprise in a prime location with endless potential for growth and expansion. Unlock Your Business's Potential Today! Don't miss out on this rare chance to establish your presence in a sought-after locale. Move-in ready and primed for success, this property sets the stage for your business to flourish. Take the next step toward realizing your entrepreneurial vision and secure your future in this thriving commercial hub!
Full Property Details
Full Property Details for 550 E Northwest Hwy
General
- Price: $1,500,000
- Taxes: $27,340 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12036695
- Updated: 4/29/2024
- Added to Site: 10 day(s) ago
Interior
- Interior Features: Common Lunchroom(s), Passenger Elevator(s), Private Restroom(s), Public Restroom(s), Basement, Furnished Units Available
- Flooring: Concrete, Sealed
Additional Information
- Security/Safety: Alarm Monitored
Location
- Area: Des Plaines
- County: Cook
- Driving Directions: Corner of Golf & Northwest Hwy
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat, Forced Air
Structural Information
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Slate
- Ceiling Height: 11
- Drive-In Doors: 2
- Sub-Flooring: Concrete, Sealed
- Stories/Levels: 1
- Square Feet: 8,810
- Current Bldg. Use: Commercial
- Year Built: 1958
Lot Features
- Lot Size (Sq. Ft.): 22,817
- Lot Dimensions: 130 x 197
- Frontage: City Street, Public Road
- Zoning: COMMR
Financial Considerations
- Lease Price: $15
- For Sale/Rent/Lease: For Sale or Rent
- Security Deposit: Alarm Monitored
- Assessment Year: 1958
- Tax Amount: $27,340
- Tax Year: 2022
- Tenant Pays: Common Area Maintenance, Taxes, Insurance
Disclosures and Reports
- Property ID: 9182010320000
Listed by Compass
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Schools
Schools serving 550 E Northwest Hwy
School Districts:Ccsd 62, Maine Township High School District 207
Rating | Name | Grades | Distance |
---|---|---|---|
700 E Golf Rd, Des Plaines, IL 60016 | PK-5 | 0.3 mi | |
123 N 8th Ave, Des Plaines, IL 60016 | 6-8 | 0.2 mi | |
1755 S Wolf Rd, Des Plaines, IL 60018 | 9-12 | 2.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 550 E Northwest Hwy
Date
Details
Price
Change
Source
4/23/2024
Listed
$1,500,000
328.57%
MLS
9/08/2021
Sold
$350,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 550 E Northwest Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2022
$27,340
-16%
$106,250
—
2021
$32,660
-44%
$106,250
-45%
2020
$58,626
3%
$194,001
-8%
2019
$56,676
23%
$210,600
36%
2018
$46,160
2%
$154,348
—
2017
$45,345
6%
$154,348
—
2016
$42,890
-14%
$154,348
-6%
2015
$49,805
2%
$164,747
—
2014
$48,755
3%
$164,747
—
2013
$47,541
18%
$164,747
3%
2012
$40,288
—
$160,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 550 E Northwest Hwy
550 E Northwest Highway, Des Plaines, IL 60016 (MLS# 12036695) is a Commercial property. 550 E Northwest Highway is currently listed for $1,500,000 and was received on April 23, 2024. Want to learn more about 550 E Northwest Highway? Do you have questions about finding other Commercial real estate for sale in Des Plaines? You can browse all Des Plaines real estate or contact a Coldwell Banker agent to request more information.