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Commercial Building - Auto Repair Ready

1058 W 111th Street, Chicago, IL 60643

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For Sale

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Brick commercial building, previously an auto repair shop, for sale.

Type:Special Purpose, Industrial, Retail

Property size:

1,200 SF

Price / SF:

$229/SF

HighLights

Zoned C1‑1, offering a great business opportunity
Large fenced lot provides ample parking and vehicle storage
Three oversized doors (approx. 10' high) suitable for various commercial uses
Newer roof, upgraded electric service, and newer exhaust vents inform about the good conditions
Includes an office/supply room, reception area, and 1/2 bath
Lofted storage space available

We can help!

Contact an agent

Karen Irace

For Sale

Contact for pricing

Brick commercial building, previously an auto repair shop, for sale.

Type:Special Purpose, Industrial, Retail

Property size:

1,200 SF

Price / SF:

$229/SF

Added:: Apr 21, 2025
Days on Market:: 441
Last Refresh:: Mar 20 at 8:27 pm

Property Features for 1058 W 111th Street

General Information

Standard status: Active
Size: 1,200 SF
Property subtype: Special Purpose, Industrial, Retail

Building Details

Year Built: 1950

We can help!

Contact an agent

Karen Irace

Listing office Remax 10

Listing date Apr 21, 2025

Source Crexi

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 Remax 10

HighLights

Zoned C1‑1, offering a great business opportunity
Large fenced lot provides ample parking and vehicle storage
Three oversized doors (approx. 10' high) suitable for various commercial uses
Newer roof, upgraded electric service, and newer exhaust vents inform about the good conditions
Includes an office/supply room, reception area, and 1/2 bath
Lofted storage space available

Overview

This brick commercial building, previously used as an auto repair shop, presents a business opportunity. The property is zoned C1-1 and features three oversized doors, each approximately 10 feet high. The interior layout includes an office/supply room, a reception area, and a half bath, along with lofted storage space. Upgrades include a newer roof, upgraded electric service, and newer exhaust vents. The property also features a large fenced lot, suitable for ample parking and vehicle storage. The building offers options for various uses due to its high visibility and convenient location. The property size is 1200 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$25.9k	$21.60
− Vacancy	−$2.2k	−$1.84
EGI	$23.7k	$19.76
− OpEx	−$7.1k	−$5.93
NOI	$16.6k	$13.83

1,200 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$237.2K

$207.5K – $276.7K (±1% cap)

NOI $16,602 @ 7.0% cap · market cap 6.04%

Second Best

Industrial

$107.5K

$94.1K – $125.4K (±1% cap)

NOI $7,525 @ 7.0% cap · market cap 2.74%

Theoretical Best

Office A

$565.8K

$495.1K – $660.1K (±1% cap)

NOI $39,606 @ 7.0% cap · market cap 14.41%

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

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Similar Places Nearby

Morgan Park Auto Service, Inc. — 11200 S Halsted St, Chicago, IL 60628
Pee Wee's Tire Repair — 1448 W 115th St, Chicago, IL 60643
Valvoline Instant Oil Change — 11328 S Halsted St, Chicago, IL 60628
MRFIXYOSHYT — 11550 S Halsted St, Chicago, IL 60628
Taylor Pumps Inc — 11328 S Halsted St, Chicago, IL 60628

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6494752
Latitude: 41.6924102

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For sale
Auto shops
IL
Chicago
60643
1058 W 111th Street

What type of property is this?

Auto shop - Brick commercial building, previously an auto repair shop, for sale.

Where is this auto shop located?

The property is located at 1058 W 111th Street Chicago, IL.

What is the asking price?

The asking price for this property is $274,900.

What are key features of this property?

This property features: Zoned C1‑1, offering a great business opportunity; Large fenced lot provides ample parking and vehicle storage; Three oversized doors (approx. 10' high) suitable for various commercial uses