3000 W Roosevelt Road Chicago, IL 60612
LAND - Chicago, IL
Property Features for 3000 W Roosevelt Road
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active Under Contract
- APN
- 16133270420000
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 21322
Utilities
- Utilities
- Natural Gas Available
Listing agent Robin Conner License #471007824 (708) 798-1111
Listing office Keller Williams Preferred Rlty 16101 108th Avenue, Orland Park, IL (708) 798-1111
Listing date Jul 28, 2025
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Investment Insights
Based on property information with market context.
The property is positioned on corner lots and is identified by the address range 3000–3006 W. Roosevelt Road in Chicago, Illinois (Cook County). The listing also notes the site’s location within an Enterprise Zone and an Opportunity Zone, which may be relevant to qualified buyers and operators evaluating redevelopment or business use.
For tenants, buyers, and developers, this package provides a maintained, income-producing asset today through its car wash use, paired with a land-forward opportunity to reconfigure or update the improvements as desired. The commercial zoning is listed as COMMR, supporting general flexibility for an owner looking to control the direction of the site’s next use while taking advantage of the fenced corner presentation and existing building footprint.
Key Highlights
- Includes 3 lots with an approx. 11,500 SF land area and approx. 3,125 SF building at 3000‑3006 W. Roosevelt Rd
- Building is currently used as a car wash business and offers space for continued use or a different business
- Fenced‑in northwest corner lot at Sacramento and Roosevelt Rd on a highly visible, high‑traffic corner
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.5k | $21.60 |
| − Vacancy | −$5.7k | −$1.84 |
| EGI | $61.8k | $19.76 |
| − OpEx | −$18.5k | −$5.93 |
| NOI | $43.2k | $13.83 |
