South Holland Auto Center Investment

245 W 162nd St, South Holland, IL

View on Map

For Sale

Contact for pricing

Single tenant auto center for sale in South Holland, IL.

Type:RETAIL

Property size:

6,500 SF

Lot size:

0.48 Acres

Price / SF:

$92/SF

HighLights

Single‑tenant, net‑leased auto center providing passive income.
New 7‑year triple net lease with a long‑tenured tenant, plus two 5‑year options.
Rental rate increases built into the lease, including 6.6% in year four and 3.7% in year six.
Recent capital improvements: new 60‑mil TPO roof (2024) with a 20‑year warranty.
High‑traffic location on 162nd Street (Rte. 6) with 23,000‑31,000 vehicles per day.
100% occupancy in a ± 6,500 square foot building with 8 operational car bays.

We can help!

Listing Contact

Martha Winter

For Sale

Contact for pricing

Single tenant auto center for sale in South Holland, IL.

Type:RETAIL

Property size:

6,500 SF

Lot size:

0.48 Acres

Price / SF:

$92/SF

Added:: Nov 15, 2024
Days on Market:: 577
Last Refresh:: May 19 at 9:32 pm

Property Features for 245 W 162nd St

General Information

Standard status: Active
Size: 6,500 SF
Lot size: 0.48 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Martha Winter

Listing agent Martha Winter License #471002749

Listing office Lagestee-Mulder (LM)

Listing date Nov 15, 2024

Source Moodyscre

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 Lagestee-Mulder (LM)

HighLights

Single‑tenant, net‑leased auto center providing passive income.
New 7‑year triple net lease with a long‑tenured tenant, plus two 5‑year options.
Rental rate increases built into the lease, including 6.6% in year four and 3.7% in year six.
Recent capital improvements: new 60‑mil TPO roof (2024) with a 20‑year warranty.
High‑traffic location on 162nd Street (Rte. 6) with 23,000‑31,000 vehicles per day.
100% occupancy in a ± 6,500 square foot building with 8 operational car bays.

Overview

This single-tenant auto center is available for acquisition, situated at 239 W 162nd Street in South Holland, IL. The property is located on the south side of 162nd Street, also known as Route 6, and is approximately 10 minutes from both Interstate 94 to the east and Interstate 294 to the west. The location benefits from high daily traffic counts on 162nd Street, ranging from 23,000 to 31,000 vehicles per day. The building has approximately 6,500 square feet of leasable area and is situated on a 0.46-acre lot. The facility includes 8 operational car bays, a dedicated office, and a waiting area. Recent improvements include a new 60-mil TPO roof installed in 2024 with a 20-year warranty, and a new furnace with a 10-year warranty. The property is currently 100% occupied by a long-tenured tenant who recently signed a new triple net lease for a primary term of 7 years, with two 5-year option periods. The rental rate includes a 6.6% increase in the fourth lease year and a 3.7% increase in the sixth lease year. During the option periods, rents increase 2% annually. Nearby retailers include Dunkin Donuts, Wendy’s, Browns Chicken, and Pizza Hut, as well as Advocate Health Care and UChicago Medicine. This property offers a long-term, absolute net leased auto center investment opportunity in the Chicago MSA.

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Similar Places Nearby

T18 Plus LLC — 16647 Vincennes Ave, South Holland, IL 60473
TMI Towing - Cash For Junk Cars — 16325 S Halsted St, Harvey, IL 60426
Larry's Automotive School of Technology Repair Shop — 16360A Halsted St, Harvey, IL 60426
Vargas Mufflers Brakes — 16324 Halsted St, Harvey, IL 60426
K S TRUCK REPAIR — 16650 Vincennes Ave, South Holland, IL 60473

Location Insight

Map
Local Demand

City: South Holland
County: Cook
State: Illinois
Longitude: -87.6239
Latitude: 41.6006

Nearby Similar for Sale

$349,900

Remodeled Commercial Building on Busy Corner

Remodeled commercial building with four bays on a busy corner.

16800 State Street, South Holland, IL 60473

View Details
$365,000

South Holland Commercial Opportunity

Commercial property for sale in South Holland, Illinois.

16224 Prince Drive, South Holland, IL 60473

View Details
$295,000

4,920 SF

Former Car Wash on 170th

Former car wash for redevelopment in South Holland, Illinois.

565 E 170th Street, South Holland, Illinois

View Details
$7,550,000

98,840 SF

South Holland Industrial Park

98,840 square foot industrial park on 6.1 acres.

500 W Taft Dr, South Holland, IL 60473

View Details
$575,000

9,700 SF

South Holland Industrial Property

9,700 SF industrial property available for purchase.

16060 Suntone Dr, South Holland, IL 60473

View Details
$3,550,000

50,204 SF

South Holland Warehouse with Storage

50,204 SF warehouse with fenced outdoor storage available for lease.

525 35 W 169th St, South Holland, IL

View Details
$2,930,000

40,500 SF

South Holland Industrial Property

40,500 SF industrial property in South Holland, Illinois.

500 W 172nd St, South Holland, IL

View Details
$3,850,000

53,000 SF

Industrial Building For Sale

Net leased industrial building available for purchase.

15555 La Salle St, South Holland, IL

View Details
$488,500

Commercial Property West of State

Commercial property located west of State Street in South Holland.

15810 Suntone Drive, South Holland, IL 60473

View Details
$375,000

7,200 SF

Mixed-Use Auto Repair Building

7,200 SF mixed-use building with auto repair and apartment.

16030 Suntone Dr, South Holland, IL

View Details
Contact for pricing
6,148 SF

Restaurant Conversion Opportunity

Restaurant conversion opportunity in South Holland with incentives.

16136 S. Park Ave, South Holland, IL 60473

View Details
$600,000

6,500 SF

Auto Shop on Busy Highway

Auto shop with 8 bays in South Holland auto corridor.

239 W 162nd St, South Holland, IL 60473

View Details

For sale
Auto shops
IL
South Holland
245 W 162nd St

What type of property is this?

Auto shop - Single tenant auto center for sale in South Holland, IL.

Where is this auto shop located?

The property is located at 245 W 162nd St South Holland, IL.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: Single‑tenant, net‑leased auto center providing passive income.; New 7‑year triple net lease with a long‑tenured tenant, plus two 5‑year options.; Rental rate increases built into the lease, including 6.6% in year four and 3.7% in year six.

245 W 162nd St, South Holland, IL

Single tenant auto center for sale in South Holland, IL.

Property Features for 245 W 162nd St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Remodeled Commercial Building on Busy Corner

South Holland Commercial Opportunity

Former Car Wash on 170th

South Holland Industrial Park

South Holland Industrial Property

South Holland Warehouse with Storage

South Holland Industrial Property

Industrial Building For Sale

Commercial Property West of State

Mixed-Use Auto Repair Building

Restaurant Conversion Opportunity

Auto Shop on Busy Highway

FAQs

Create New Password