Auto Repair Business on
For Sale
$699,000
10319 South Kedzie Avenue, Chicago, IL 60655
Auto repair business and real estate for sale on Kedzie.
Property Size4,000 SF
Price / SF$174.75
Days on Market205
Property Features for 10319 South Kedzie Avenue
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail
Building Details
Building Size
4,000 SF
Year Built
1951
Listing Agency:
Prestige Family Realty
(708) 267-9988
Listed By:
Derek Gonsch · License #10301220911
(708) 267-9988
Source:
Svnchicago
Added: Jan 27
Changed: Aug 14
Last Checked: Aug 13 at 3:17AM
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 Prestige Family Realty
Investment Insights
Based on property information with market context.
This property features an auto repair business and real estate available for purchase on Kedzie Avenue. The business has been operating at this location since 2011. The 4,000-square-foot property includes 2 drive-in doors, 5 lifts, and a 2-stage air compressor. The outside parking lot is fenced and includes a storage shed. The building is equipped with triple basin drainage, security cameras, and window air conditioners. The property is located one block south of the 103rd/Kedzie intersection on the east side of the street. It could be a redevelopment site or an addition to an auto-related portfolio. Seller financing is available with a 50% down payment. The property can be purchased alone or in conjunction with another location.
Key Highlights
- Prime location on busy Kedzie Ave, suitable for auto‑related business or redevelopment.
- Operating as an auto repair business since 2011.
- Seller financing available with 50% down payment.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,339
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,106,780
$1.1M
Cap Rate 7%
$790,557
$790.6K
Cap Rate 9%
$614,878
$614.9K
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$86.4K $21.60/SF
− Vacancy
−$7.3K −$1.84/SF
EGI
$79.1K $19.76/SF
− OpEx
−$23.7K −$5.93/SF
NOI
$55.3K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,106,780
Cap Rate 7%
$790,557
Cap Rate 9%
$614,878
Alternative Uses
Best Use
Retail
$790.6K
$691.7K – $922.3K
NOI $55,339 @ 7.0% cap · market cap 7.92%
Second Best
Industrial
$358.3K
$313.6K – $418.1K
NOI $25,084 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,019 @ 7.0% cap · market cap 18.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
4k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BMO Harris Bank
Shops & Services
4,046 visits/mo
0.5 miles
Demographics for 60655, IL
27,837
Population
11,277
Households
2.5
Avg Household Size
39
Median Age
47%
College-Educated
97%
High-School Grad
4.4 sq mi
ZIP Area
6,327
Density / Sq Mi
$114,443
Median Household Income
$72,169
Median Earnings
$1,468
Median Rent
$303,300
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair business and real estate for sale on Kedzie.
Where is this auto shop located?
The property is located at 10319 South Kedzie Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime location on busy Kedzie Ave, suitable for auto‑related business or redevelopment.; Operating as an auto repair business since 2011.; Seller financing available with 50% down payment.
