Turnkey Auto Shop
332 E 159th St Dixmoor, IL 60426
332 E 159th St, Dixmoor, IL, 60426
$900,000
For Sale
$900,000
Well-maintained 7-bay auto shop on high-traffic street.
Property Size5,000 SF
Price / SF$180
Days on Market734
Property Features for 332 E 159th St
General Information
- Standard status
- Active
- Size
- 5,000 SF
Listing agency
Trelleum LLC
(630) 715-9999
Listed by
Theresa Mueller · License #471006935
(630) 715-9999
Source
Exprealty
Added: Jul 19, 2024 Updated: Jul 10 at 12:51PM Checked: Jul 21 at 11:56PM
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 Trelleum LLC
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a well-maintained 5,000 square foot auto shop. The property features seven bays, including one bay suitable for large vehicle repair. The business has been successfully operated by the same owner for over 30 years and presents growth potential. Located on a high-traffic section of 159th Street, east of the tollway, the property is suitable for automotive-related businesses.
Key Highlights
- Highly successful, turnkey automotive business with real estate included.
- Prime location on high‑traffic 159th Street, east of the tollway.
- Well‑maintained 5000 SF building with 7 bays, including one for large vehicle repair.
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 | $108.0k | $21.60 |
| − Vacancy | −$8.9k | −$1.77 |
| EGI | $99.1k | $19.83 |
| − OpEx | −$29.7k | −$5.95 |
| NOI | $69.4k | $13.88 |
5,000 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$991.4K
$867.5K – $1.16M
NOI $69,401 @ 7.0% cap · market cap 7.71%
Second Best
Industrial
$307.5K
$269.0K – $358.7K
NOI $21,523 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,839 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
John's Arrow Transmission
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- T18 Plus LLC — 16647 Vincennes Ave, South Holland, IL 60473
- TMI Towing - Cash For Junk Cars — 16325 S Halsted St, Harvey, IL 60426
- Larry's Automotive School of Technology Repair Shop — 16360A Halsted St, Harvey, IL 60426
- Vargas Mufflers Brakes — 16324 Halsted St, Harvey, IL 60426
- K S TRUCK REPAIR — 16650 Vincennes Ave, South Holland, IL 60473
FAQs
What type of property is this?
Auto shop - Well-maintained 7-bay auto shop on high-traffic street.
Where is this auto shop located?
The property is located at 332 E 159th St Dixmoor, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Highly successful, turnkey automotive business with real estate included.; Prime location on high‑traffic 159th Street, east of the tollway.; Well‑maintained 5000 SF building with 7 bays, including one for large vehicle repair.
