Auto Repair
For Sale
Contact for pricing
10855 S Halsted St, Chicago, IL 60628
Offering combines an established automotive business with its underlying real estate.
Property Size2,207 SF
Price / SF$169.91
Days on Market148
Property Features for 10855 S Halsted St
General Information
Standard status
Active
Size
2,207 SF
Property subtype
Industrial, Retail
Zoning
B3-1
Occupancy
100%
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Buildings
1
Stories
1
Listing Agency:
Pontarelli
Listed By:
Nicole Quattrocchi · License #IL 471.014953
Source:
Crexi
Added: Apr 11
Changed: Sep 1
Last Checked: Sep 3 at 7:37AM
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 Pontarelli
Investment Insights
Based on property information with market context.
The offering includes an auto repair business together with the property at 10855 S Halsted St. in Chicago, Illinois. The asset is positioned for continued automotive service use, with both the operating business and real estate included in the sale.
Key Highlights
- Auto repair business and underlying property included
- Located at 10855 S Halsted St., Chicago, IL 60628
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
$30,533
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
8.14%
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%
$610,660
$610.7K
Cap Rate 7%
$436,186
$436.2K
Cap Rate 9%
$339,256
$339.3K
Market Conditions
NOI Build-Up for 2,207 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
$47.7K $21.60/SF
− Vacancy
−$4.1K −$1.84/SF
EGI
$43.6K $19.76/SF
− OpEx
−$13.1K −$5.93/SF
NOI
$30.5K $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%
$610,660
Cap Rate 7%
$436,186
Cap Rate 9%
$339,256
Alternative Uses
Best Use
Retail
$436.2K
$381.7K – $508.9K
NOI $30,533 @ 7.0% cap · market cap 8.14%
Second Best
Industrial
$197.7K
$173.0K – $230.7K
NOI $13,840 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$1.04M
$910.5K – $1.21M
NOI $72,842 @ 7.0% cap · market cap 19.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
46k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 31%
Groceries 19%
Electronics 1%
White Castle
Dining
14,042 visits/mo
0.2 miles
Exxon
Shops & Services
9,018 visits/mo
0.3 miles
Save-A-Lot
Groceries
8,874 visits/mo
0.2 miles
Citgo
Shops & Services
5,332 visits/mo
0.3 miles
Citgo
Shops & Services
4,596 visits/mo
0.2 miles
Demographics for 60628, IL
62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Taylor Pumps Inc — 11328 S Halsted St, Chicago, IL 60628
- Valvoline Instant Oil Change — 11328 S Halsted St, Chicago, IL 60628
- Morgan Park Auto Service, Inc. — 11200 S Halsted St, Chicago, IL 60628
- Car-X Tire & Auto — 11203 S Halsted St, Chicago, IL 60628
- Pit Bull Garage — 307 W 111th Pl, Chicago, IL 60628
Frequently Asked Questions
What type of property is this?
Auto shop - Offering combines an established automotive business with its underlying real estate.
Where is this auto shop located?
The property is located at 10855 S Halsted St Chicago, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Auto repair business and underlying property included; Located at 10855 S Halsted St., Chicago, IL 60628
