Auto Repair Shop with Five
New
For Sale
$699,000
105 N Pulaski Road, Chicago, IL 60624
Business Opportunity, Chicago, IL
Property Size3,500 SF
Lot Size0.29 Acres
Price / SF$199.71
Days on Market5
Property Features for 105 N Pulaski Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
MADISON STREET, EAST/WEST TO PULASKI NORTH TO ADDRESS.
Subdivision
CHI - West Garfield Park
Standard status
Active
APN
16113090060000
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
34557
Utilities
Utilities
Natural Gas Available
Building Details
Floors in Building
1
Building materials
Brick, Block
Listing Agency:
Kale Realty
(312) 939-5253
Listed By:
David Johnson · License #385650
(773) 979-7107
Added: Sep 16
Last Checked: Sep 20 at 9:06AM
MLS# 12751877
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.
The property includes a 3,500-square-foot automotive service building on a 0.2868-acre double lot. The existing shop has five bay doors with operable lifts, an electric water heater, and a suspended furnace installed in 2020. Fixtures, furniture, and some equipment are included with the sale. Construction consists of brick and block, while the asphalt shingle and flat roof systems were installed in 2016.
The site is positioned at Pulaski Road and West Washington Boulevard in Chicago. Approximately 19 - 30 parking spaces serve the property, and natural gas is available. The second lot has a separate PIN number and is described as buildable for alternate use, subject to applicable approvals and requirements.
The site is positioned at Pulaski Road and West Washington Boulevard in Chicago. Approximately 19 - 30 parking spaces serve the property, and natural gas is available. The second lot has a separate PIN number and is described as buildable for alternate use, subject to applicable approvals and requirements.
Key Highlights
- 3,500 square feet of automotive service building
- 0.2868‑acre double lot with separate PIN numbers
- Five bay doors with operable lifts
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
$48,422
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
6.93%
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%
$968,440
$968.4K
Cap Rate 7%
$691,743
$691.7K
Cap Rate 9%
$538,022
$538.0K
Market Conditions
NOI Build-Up for 3,500 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
$75.6K $21.60/SF
− Vacancy
−$6.4K −$1.84/SF
EGI
$69.2K $19.76/SF
− OpEx
−$20.8K −$5.93/SF
NOI
$48.4K $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%
$968,440
Cap Rate 7%
$691,743
Cap Rate 9%
$538,022
Alternative Uses
Best Use
Retail
$691.7K
$605.3K – $807.0K
NOI $48,422 @ 7.0% cap · market cap 6.93%
Second Best
Industrial
$313.5K
$274.4K – $365.8K
NOI $21,948 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.65M
$1.44M – $1.93M
NOI $115,517 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Apparel 47%
Mobil
Shops & Services
6,963 visits/mo
0.1 miles
U-Haul
Shops & Services
1,818 visits/mo
0.3 miles
Kids Foot Locker
Apparel
1,747 visits/mo
0.1 miles
Foot Locker
Apparel
1,684 visits/mo
0.3 miles
Rainbow
Apparel
1,326 visits/mo
0.3 miles
Demographics for 60624, IL
37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Auto shop - Brick-and-block facility includes operable lifts, transferable fixtures, and select equipment.
Where is this auto shop located?
The property is located at 105 N Pulaski Road 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: 3,500 square feet of automotive service building; 0.2868‑acre double lot with separate PIN numbers; Five bay doors with operable lifts
