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    3331 Chicago Rd South Chicago Heights, IL 60411

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    For Sale
    $1,483,871

    Single-tenant net lease property with long-term operating history.

    Property size:
    6,767 SF
    Lot size:
    0.83 Acres

    Property Features for 3331 Chicago Rd

    General Information

    Size
    6,767 SF
    Lot size
    0.83 Acres

    Source: Colliers | Chicago Rosemont Agent Scott Barrett

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

    Overview

    Freestanding Single-Tenant Retail Opportunity

    This is an opportunity to acquire a freestanding single-tenant Advance Auto location. The property is a 6,767 square foot building. The building is modified NNN with Landlord responsible for structure. The lease terms range from 4.4 to 8.4 years with three - 5 year options. Advance Auto is one of the leading brands in auto-maintenance and repair. Advance Auto has an investment grade credit rating of BB+ from S&P and Ba1 from Moody’s. The subject property has an established presence and has successfully operated at this location between 20-22 years. The site was developed for Advance Auto between 2004-2006.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Law Firm Restaurant 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

    Fast Pace Muffler & Brake II, James Herr & Sons Auto Repair, Guaranteed Muffler & Brake Performers, R Shop, Complete Auto Care

    Location Insight

    • Map
    • Local Demand
    City
    South Chicago Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.6365531
    Latitude
    41.4776842

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    FAQs

    What type of property is this?
    Auto shop - Single-tenant net lease property with long-term operating history.
    Where is this auto shop located?
    The property is located at 3331 Chicago Rd South Chicago Heights, IL.
    What is the asking price?
    The asking price for this property is $1,483,871.
    What are key features of this property?
    This property features: - Investment grade credit rating (BB+ S&P, Ba1 Moody’s) corporate guarantee from Advance Auto.; - Recession-proof single-tenant net lease property with a long operating history.; - Established presence with successful operation at each location for 20-22 years.
    (847) 698-8444
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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
    3331 Chicago Rd South Chicago Heights, IL 60411
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