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    6154 111Th St Chicago Ridge, IL 60415

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    For Sale
    $1,376,623

    Single-tenant net lease property with strong operating history.

    Property size:
    2,242 SF
    Lot size:
    0.53 Acres

    Property Features for 6154 111Th St

    General Information

    Size
    2,242 SF
    Lot size
    0.53 Acres

    Source: Colliers | Chicago Rosemont Agent Peter Block

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

    Overview

    Remodeled Meineke in Chicago Ridge

    This 2,242-square-foot property is a remodeled Meineke location in Chicago Ridge, part of the Chicago MSA. Situated on 111th Street, just west of the I294 off-ramp, the property benefits from a location on a commercial corridor surrounded by industrial parks and residential areas. The property is a single-tenant building leased for a 15-year term. The location benefits from high traffic volume, with over 33,800 vehicles passing by daily. The surrounding area has a dense population, with over 15,000 people within a 1-mile radius and over 119,000 people within a 3-mile radius.
    Insight Report Location Intelligence

    Current Use by Public Records

    A & R AUTO REPAIR Auto Repair Shop Joe's Auto Mechanic

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    A Auto-Truck Service, Inc, Auto king repair, United Auto Body, BaDa Bing Auto Body, Pro Auto

    Location Insight

    • Map
    • Local Demand
    City
    Chicago Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.7736242
    Latitude
    41.690737

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    FAQs

    What type of property is this?
    Auto shop - Single-tenant net lease property with strong operating history.
    Where is this auto shop located?
    The property is located at 6154 111Th St Chicago Ridge, IL.
    What is the asking price?
    The asking price for this property is $1,376,623.
    What are key features of this property?
    This property features: - 15-year single-tenant net lease with a strong 7.70% cap rate.; - Located on 111th Street with high traffic volume (33,800+ vehicles daily).; - Recession-proof investment opportunity with a Meineke franchise.
    (312) 343-1800
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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
    6154 111Th St Chicago Ridge, IL 60415
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