Automotive Service
10651-57 S Buffalo Avenue, Chicago, IL 60617
For Sale
New
$429,000
Upstairs watchman’s living quarters are included with the automotive garage.
Property Size4,000 SF
Price / SF$107.25
Days on Market3
Property Features for 10651-57 S Buffalo Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Outdoor Storage
Additional Details
Automotive Uses
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
16 foot ceilings
overhead doors
3 driveways
watchman's living quarters
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Grinker & Garcia Real Estate
Listed By:
Rigoberto Garcia · License IL #471018167
(773) 731-9303
Source:
Dawnmckennagroup
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:33PM
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 Grinker & Garcia Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,000-square-foot automotive garage was built in 1979 and previously operated as an auto body repair shop. The building has 16-foot ceilings, three driveways, and upstairs living quarters for a watchman. The garage can accommodate about eight vehicles indoors, with space for another 20 on the side lot and behind the building.
The property is located on S Buffalo Avenue in Chicago’s South East Side.
The property is located on S Buffalo Avenue in Chicago’s South East Side.
Key Highlights
- 4,000‑square‑foot automotive garage built in 1979
- 16‑foot ceilings and three driveways
- Capacity for about 8 vehicles indoors and another 20 on the side lot and rear area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,084
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,680
$501.7K
Cap Rate 7%
$358,343
$358.3K
Cap Rate 9%
$278,711
$278.7K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$37.7K $9.43/SF
− Vacancy
−$1.9K −$0.47/SF
EGI
$35.8K $8.96/SF
− OpEx
−$10.8K −$2.69/SF
NOI
$25.1K $6.27/SF
Area
Chicago, IL
Vacancy
5.00%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,680
Cap Rate 7%
$358,343
Cap Rate 9%
$278,711
Alternative Uses
Best Use
Retail
$790.6K
$691.7K – $922.3K
NOI $55,339 @ 7.0% cap · market cap 12.90%
Second Best
Industrial
$358.3K
$313.6K – $418.1K
NOI $25,084 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,019 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
21k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 33%
Electronics 12%
AutoZone
Shops & Services
4,942 visits/mo
0.2 miles
Los Tres Amigos
Dining
4,511 visits/mo
0.2 miles
U.S. Bank
Shops & Services
4,355 visits/mo
0.2 miles
El Charro
Dining
2,305 visits/mo
0.4 miles
Old National Bank
Shops & Services
1,707 visits/mo
0.4 miles
Demographics for 60617, IL
77,270
Population
35,031
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
82%
High-School Grad
13.7 sq mi
ZIP Area
5,640
Density / Sq Mi
$51,237
Median Household Income
$36,926
Median Earnings
$1,010
Median Rent
$168,200
Median Home Value
Market
Average Price Trend$/SF for Auto shops in Chicago, IL
Properties on Market for Auto shops in Chicago
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- Windy City Road Service, LLC — 7613 Calumet Ave, Chicago, IN 46324
- Hernandez Cash For Junk Cars & Towing Service — 10917 S Buffalo Ave, Chicago, IL 60617, United States
- Ortega Complete Auto Repair and Tires Corp. — 10657 S Buffalo Ave, Chicago, IL 60617
- Adelman's Truck Parts — 3033 E 106th St, Chicago, IL 60617
- Raul's Complete Auto Service — 10558 S Ave N, Chicago, IL 60617
Frequently Asked Questions
What type of property is this?
Auto shop - Upstairs watchman’s living quarters are included with the automotive garage.
Where is this auto shop located?
The property is located at 10651-57 S Buffalo Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 4,000‑square‑foot automotive garage built in 1979; 16‑foot ceilings and three driveways; Capacity for about 8 vehicles indoors and another 20 on the side lot and rear area
