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    Commercial Building - Auto Repair Ready Title is generated by Realmo AI

    1058 W 111th Street, Chicago, IL 60643

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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
    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

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    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
    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 $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

    Real Estate Agency Law Firm Dental Office Skin Care Clinic Kitchen & Bath Showroom Gym & Fitness Center Building Supply Cafe & Coffee Shop Big Box & Wholesale Store Accounting Firm

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

    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

    FAQs

    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
    (708) 785-0408 Call to check price and availability
    More about this property
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