Building Details

Building Size 2,200 SF

Year Built 1950

Stories 1

Listed By: Matthew Willahan Show Phone

Source: Evrealestate

Added: Oct 21 Changed: Oct 25 Last Checked: Oct 24 at 5:14PM

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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 Matthew Willahan

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Investment Insights

Based on property information with market context.

An auto shop at 1214 Washington Street in Mendota, Illinois, was built in 1950. Window-unit cooling serves the interior, and the property carries a COMMR zoning designation.

The site is at the corner of Washington Street and 251 in LaSalle County.

Key Highlights

• Auto shop at the corner of Washington Street and 251
• Built in 1950
• Window‑unit cooling

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,958

Cap Rate

4.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$399,160 $399.2K

Cap Rate 7%

$285,114 $285.1K

Cap Rate 9%

$221,756 $221.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,200 SF

Gross rent

$31.7K $14.40/SF

− Vacancy

−$3.2K −$1.44/SF

EGI

$28.5K $12.96/SF

− OpEx

−$8.6K −$3.89/SF

NOI

$20.0K $9.07/SF

Area

LaSalle, IL La Salle County, LA

Vacancy

10.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$399,160

Cap Rate 7%

$285,114

Cap Rate 9%

$221,756

Alternative Uses

Best Use

Retail

$285.1K

$249.5K – $332.6K (±1% cap)

NOI $19,958 @ 7.0% cap · market cap 4.26%

Second Best

Industrial

$202.1K

$176.8K – $235.8K (±1% cap)

NOI $14,146 @ 7.0% cap · market cap 3.02%

Theoretical Best

Office A

$550.6K

$481.8K – $642.4K (±1% cap)

NOI $38,544 @ 7.0% cap · market cap 8.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Lube Cube Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage HVAC Service Pharmacy (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

445

Businesses Nearby

18k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 82% Dining 18%

Dollar General Shops & Services

6,483 visits/mo 0.3 miles

Shell Shops & Services

3,883 visits/mo

Family Dollar Shops & Services

3,224 visits/mo 0.5 miles

Scooter's Coffee Dining

3,200 visits/mo 0.3 miles

Prescott Brothers CDJR of Mendota Shops & Services

908 visits/mo 0.1 miles

Demographics for 61342, IL

8,648

Population

3,758

Households

2.3

Avg Household Size

41

Median Age

18%

College-Educated

87%

High-School Grad

108.2 sq mi

ZIP Area

80

Density / Sq Mi

$65,184

Median Household Income

$40,018

Median Earnings

$841

Median Rent

$132,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

Turnkey Pizzeria & Bar with Apartments

801 6 Th St, Mendota, IL 61342

$445,000

7,084 SF

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Mixed-Use Building with Flexible Upper Level

810 Washington St, Mendota, IL 61342

$129,000

7,260 SF

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Nursing Home Property with Ancillary Beds

500 6th Street, Mendota, IL 61342

$1,200,000

3.08 Acres

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Similar Off Market Nearby

• Sahuayo Auto Repair — 202 Sandra Ave, Mendota, IL 61342
• Furar's Body Shop — 306 Plaza Dr, Mendota, IL 61342
• ARS Auto Repair Inc — 307 Plaza Dr, Mendota, IL 61342
• Borelli Cycle LLC — 309 W 7th Ave, Mendota, IL 61342
• Specialty Body & Paint — 1503 Washington St, Mendota, IL 61342

Frequently Asked Questions

What type of property is this?

Auto shop - The building has window-unit cooling and a COMMR zoning designation.

Where is this auto shop located?

The property is located at 1214 Washington Street Mendota, IL.

What is the asking price?

The asking price for this property is $469,000.

What are key features of this property?

This property features: Auto shop at the corner of Washington Street and 251; Built in 1950; Window‑unit cooling