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    10100 Ridgeland Ave Chicago Ridge, IL 60415

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    For Sale
    $5,000,000

    Pep Boys ground lease with development potential in Chicago Ridge.

    Property size:
    22,354 SF
    Lot size:
    5.14 Acres

    Property Features for 10100 Ridgeland Ave

    General Information

    Size
    22,354 SF
    Lot size
    5.14 Acres

    Source: JLL | Miami Agent Alex Sharrin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Pep Boys Ground Lease

    The property is a freestanding Pep Boys located at 10100 S Ridgeland Avenue in Chicago Ridge, IL. Pep Boys operates on a ground lease with approximately 6.7 years of lease term remaining. The lease includes a 15% rent escalation in the one remaining option period. The adjacent 2.0-acre development land pad/parcel is also available, offering potential for future development. It may be possible to divide the parcel on which the development land is located into two separate lots as of right, but purchaser should investigate the applicable legal processes involved. This opportunity allows investors to acquire a functional automotive retail asset with upside via rental escalations and future development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UPS Access Point ... Shipping And Mailing Service Pep Boys Tire Shop Advance Auto Parts Auto Parts Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Enterprise Rent-A-Car, Tool & Truck Rental Center at The Home Depot, Penske Truck Rental, MC Trailer Rentals, Rent-A-Trailer

    Location Insight

    • Map
    • Local Demand
    City
    Chicago Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.780263
    Latitude
    41.7082272

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    FAQs

    What type of property is this?
    Automotive property - Pep Boys ground lease with development potential in Chicago Ridge.
    Where is this automotive property located?
    The property is located at 10100 Ridgeland Ave Chicago Ridge, IL.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Ground lease interest in a freestanding Pep Boys location.; - Approximately 6.7 years of remaining lease term.; - Attractive 15% rent escalation in the remaining option period.
    (305) 913-5545
    Request Owner's contact information
    10100 Ridgeland Ave Chicago Ridge, IL 60415
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    Chicago Ridge, IL 60415
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10100 Ridgeland Ave Chicago Ridge, IL 60415
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