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Car Wash Property on Corner Lots

3006 W Roosevelt Road Chicago, IL 60612

3006 W Roosevelt Road, Chicago, IL, 60612
$525,000
For Sale
Under Contract
Claim this Listing
$525,000

COMMERCIAL - Chicago, IL

Property Size3,125 SF
Lot Size0.26 Acres
Price / SF$168
AddedJul 28, 2025
Days on Market353
Last RefreshJul 15 at 12:06 pm

Property Features for 3006 W Roosevelt Road

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Standard status
Active Under Contract
APN
16133270400000
Lot size
0.26 Acres

Taxes and HOA fees

Tax Year
2023
Tax Annual Amount
21322

Building Details

Floors in Building
1

Listing agent Robin Conner License #471007824

Listing office Keller Williams Preferred Rlty 16101 108th Avenue, Orland Park, IL

Listing date Jul 28, 2025

MLS# 12432136

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This offering includes three parcels totaling approximately 11,500 square feet of land, improved by a 3,125-square-foot building currently operating as a car wash business. The package is being marketed as land value, with the property available for an owner-user to update and operate the existing use or adapt the site to another business concept, subject to applicable requirements.

The properties are located on the northwest corner of Sacramento and W. Roosevelt Road, with approximately 92 by 125 total lot dimensions cited for the combined lots. The listing notes the property is within both an Enterprise Zone and an Opportunity Zone. Zoning is designated as COMMR.

For buyers seeking an automotive-oriented site with an existing structure in place, this configuration can support continued operation of a car wash or a redevelopment approach that leverages the current improvements and corner-lot access. Because the details provided emphasize land-value pricing and an update-and-run use case, this is best suited for purchasers comfortable evaluating capital needs and planning for future operating or occupancy plans.

Key Highlights

  • 3‑lot property with approximately 11,500 SF of land and a 3,125 SF building at 3000‑3006 W. Roosevelt Rd
  • Building currently used as a car wash business
  • Approximate total lot dimensions are 92 x 125

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
3,125 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use
Specialty Retail
$830.9K
$727.0K – $969.4K (±1% cap)
NOI $58,163 @ 7.0% cap · market cap 11.08%
Second Best
Retail
$617.6K
$540.4K – $720.6K (±1% cap)
NOI $43,234 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M (±1% cap)
NOI $103,140 @ 7.0% cap · market cap 19.65%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Nation Wide Hand ... Car Wash

Suggested Use

Real Estate Agency Law Firm Dental Office Building Supply HVAC Service Skin Care Clinic Accounting Firm Bakery Computer & Electronic Repair (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Car wash - Three lots with an existing car wash building, offered for sale with zoning COMMR and enterprise/opportunity zone status.
Where is this car wash located?
The property is located at 3006 W Roosevelt Road Chicago, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3‑lot property with approximately 11,500 SF of land and a 3,125 SF building at 3000‑3006 W. Roosevelt Rd; Building currently used as a car wash business; Approximate total lot dimensions are 92 x 125
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