Car Condo - Chicago Area

[SupremeDeluxe]

This is an unusual “for sale” post. Starting here before I try to market it widely, as there are lot of Chicago area people on yenko.net that may have interest in a turn-key car condo to store their cars.

I own a 1/3 share in a motor condo at Iron Gate in Naperville, IL. Please follow link below for general info on the community--

https://www.irongatemotorcondos.com/

Building was constructed in 2015, one of my partners is an original owner and completed the buildout as seen in the pictures. When buying one of these, you get an empty box and everything from the walls-in is up to the owner to build and furnish.

The unit itself is 42’ x 40’ with a mezzanine and a third level. It’s actually two units with no demising wall. It’s also one of very few that has a third level. Here are some of the high points--

-42’ x 40’ footprint
-Room to store 12 cars (8 on the floor, 4 more with the 4 drive-on lifts
-Mezzanine level has a full kitchen, full bath, and den
-Third level has a game room and theater with projector and tiered seating
-Fully climate-controlled (zoned) with heating in-floor as well

We have an operating agreement among the three of us that covers the governance. Basically, just be good neighbors and check-in when we want to have a party or similar.

I keep a schedule of the monthly expenses, taxes, etc. to share with anyone who has serious interest.

Asking $330K for my share. They are finally about to start building more of these, and the empty box starts at $450K for a 21’ x 50’ footprint (this is 42’ x 40’ and completely done). The 40’ x 50’ units are $900K. To replicate my buildout and furnishings would cost minimum $250K in 2025 dollars.

I’m buying a 66K sf industrial building for my primary business, and moving my collection there. Otherwise I'd keep this space indefinitely.

Please PM me for further discussion. It’s probably easier to talk live than type more about it.

[AnthonyS]

HOOOO BOY!

Pretty cool!!

GLWS!
Anthony

[69M22Z]

Cool!!!

[Pro Stock John]

I'll mention this to a buddy of mine, he works at Chicago Motor Cars and has been over there a lot.

[dykstra]

Way Cool!!! GLWTS

[napa68]

I was down by Nick about a year ago and saw this first hand. The photos and description do not do the space, nor the facility justice. It is impeccably clean and first rate!

[SupremeDeluxe]

Thank you all for the positive comments.

Tim, this would be ideal for your L79 collection. Free up your shop and I can keep them all exercised for you.

[napa68]

Originally Posted by SupremeDeluxe

Tim, this would be ideal for your L79 collection. Free up your shop and I can keep them all exercised for you.

I'll send you my wire information. As they say......"bundle and save!"

[hvychev]

Can you live here???

[enio45]

Wow - I'll need one of these in about a 1-2 yrs...wish you were here Gilbert!