Listing provided courtesy of SB Real Estate Group, PLLCMREDas Distributed by MLSGrid- MLS# 12559057MLS Provider

524-530 W Grand AvenueElmhurst, IL 60126

Commercial · 9,976 Sq. ft.
$3,050,000 Active

524-530 W Grand Avenue Overview

Time on Site:
148 days
Visits:
11

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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524-530 W Grand Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 9,976
  • Price/Sq.ft. $306

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Other Expense: 3000
  • Electric Expense: 2000
  • Existing Lease Type: Modified Gross
  • Fuel Expense: 0
  • Gross Income: 246227
  • Insurance Expense: 3000
  • Net Operating Income: 209568
  • Operating Expense: 35782
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1999

Business Information

  • Current Use: Commercial,Automotive

Location/Region

  • County Or Parish: DuPage
  • MLS Area Major: Elmhurst
  • Township: Addison

Rent/Lease Information

  • Tenant Pays: All Utilities

Tax Information

  • Tax Annual Amount: $29,988.00
  • Tax Year: 2024

General Information

  • Parcel Number: 0326104011
  • Property Sub Type: Business
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 9976

General Information

  • Cooling: Office Only
  • Electric: Service - 101 to 200 Amps
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 4000
  • Stories: 0

Unit Information

  • Unit SqFt.: 9976

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: County Road
  • Lot Size Dimensions: 1.63
  • Lot Size Square Feet: 71003

Building Exterior/Construction

  • Construction Materials: Brick, Steel Siding
  • Roof: Rubber

General Information

  • Number Of Units Total: 4
  • Utilities: Electric to Site,Natural Gas Available,Water Available

524-530 W Grand Avenue Neighborhood

Community

60126 (ELMHURST) Demographics

41
Median Age
4,361
Population Density (per sq. mile)
67%
College Educated
$120,438
Estimated Median Income
14,382
Estimated Total Home Owners
3,309
Estimated Total Renters
81% / 19%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

524-530 W Grand Avenue Monthly Cost

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

524-530 W Grand Avenue Market Data

Based on the last 30 days in this zip code

$1,006,138
Average List Price
$388
Average Price per Square Foot
57
Properties Sold
55
Average Days on Market
159
Properties for Sale
Calculations provided by Reliance Network

524-530 W Grand Avenue History

Date Event Value Agent
3/23/2026Source: MRED Status Change
Active
3/18/2026Source: MRED Price Reduction
$3,050,000 -3.2%
3/18/2026Source: MRED Status Change
Price Change
2/9/2026Source: MRED Status Change
Active
2/4/2026Source: MRED Price Reduction
$3,150,000 -1.6%
2/4/2026Source: MRED Status Change
Price Change
2/1/2026Source: MRED Added to Database
February 01, 2026