Building Details

Year Built 2006

Listing Agency: Area Wide Realty

Listed By: Michael Olszewski · License #471011979 Show Phone

Source: Amyboston.realtopiare

Added: Aug 28 Changed: Oct 3 Last Checked: Oct 7 at 2:00PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Area Wide Realty

Investment Insights

Based on property information with market context.

Built in 2006, this 3,800-square-foot commercial building contains two operating units: an Enterprise Car Rental location and an auto repair shop. The configuration supports separate automotive-related uses within one property and includes 32 on-site parking spaces.

The property occupies 1/2 acre at 1001 Irving Park Road in Hanover Park, Illinois. Its position along Irving Park Road provides direct exposure to the roadway, with the site organized to accommodate both building occupants and customer parking.

Key Highlights

• Two‑unit building with Enterprise Car Rental and an auto repair shop
• 3,800 SF building constructed in 2006
• Situated on a 1/2‑acre lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,745

Cap Rate

3.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,054,900 $1.1M

Cap Rate 7%

$753,500 $753.5K

Cap Rate 9%

$586,056 $586.1K

Market Conditions

NOI Build-Up for 3,800 SF

Gross rent

$82.1K $21.60/SF

− Vacancy

−$6.7K −$1.77/SF

EGI

$75.3K $19.83/SF

− OpEx

−$22.6K −$5.95/SF

NOI

$52.7K $13.88/SF

Area

Cook County, IL

Vacancy

8.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,054,900

Cap Rate 7%

$753,500

Cap Rate 9%

$586,056

Alternative Uses

Best Use

Retail

$753.5K

$659.3K – $879.1K (±1% cap)

NOI $52,745 @ 7.0% cap · market cap 3.10%

Second Best

Industrial

$233.7K

$204.5K – $272.6K (±1% cap)

NOI $16,358 @ 7.0% cap · market cap 0.96%

Theoretical Best

Office A

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,838 @ 7.0% cap · market cap 5.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Enterprise Rent-A-Car Car Rental Facility

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Parking Lot & Garage Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

482

Businesses Nearby

69k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 61% Shops & Services 37% Home Improvements & Furnishings 2%

Popeyes Louisiana Kitchen Dining

14,838 visits/mo 0.5 miles

Culver's Dining

14,827 visits/mo 0.3 miles

Dollar General Shops & Services

10,734 visits/mo 0.2 miles

Starbucks Dining

9,080 visits/mo 0.3 miles

7-Eleven Shops & Services

7,065 visits/mo 0.2 miles

Demographics for 60133, IL

37,494

Population

11,573

Households

3.2

Avg Household Size

35

Median Age

29%

College-Educated

84%

High-School Grad

8.4 sq mi

ZIP Area

4,464

Density / Sq Mi

$92,263

Median Household Income

$40,743

Median Earnings

$1,478

Median Rent

$260,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• SAMIR’S VOLVO TRUCK & TRAILER REPAIR MOBILE ONLY ROAD SERVICE — 1500 Spruce Ave, Hanover Park, IL 60133
• Just Tires — 1539 W Irving Park Rd, Hanover Park, IL 60133
• Midas — 1505 W Irving Park Rd, Hanover Park, IL 60133
• Kamphaus Auto Care Hybrid Repair & Emissions — 1005 Irving Park Rd, Hanover Park, IL 60133
• Federico Auto Repair — 861 W Wise Rd, Schaumburg, IL 60193

Frequently Asked Questions

What type of property is this?

Auto shop - The property combines an auto repair operation with a car-rental unit along a commercial corridor.

Where is this auto shop located?

The property is located at 1001 Irving Park Rd Hanover Park, IL.

What is the asking price?

The asking price for this property is $1,699,900.

What are key features of this property?

This property features: Two‑unit building with Enterprise Car Rental and an auto repair shop; 3,800 SF building constructed in 2006; Situated on a 1/2‑acre lot