Turnkey Auto Shop Opportunity

332 E 159th St, Harvey, IL 60426

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For Sale

$900,000

Well-maintained 7-bay auto shop on high-traffic street.

Property size:

5,000 SF

Price / SF:

$180/SF

HighLights

Highly successful, turnkey automotive business with real estate included.
Prime location on high‑traffic 159th Street, east of the tollway.
Well‑maintained 5000 SF building with 7 bays, including one for large vehicle repair.
Established business with same owner/operator for over 30 years.
Significant growth potential for a new owner.
Opportunity to purchase the real estate or potentially lease.

We can help!

Listing Contact

Theresa Mueller

Learn more

For Sale

$900,000

Well-maintained 7-bay auto shop on high-traffic street.

Property size:

5,000 SF

Price / SF:

$180/SF

Added:: Jul 19, 2024
Days on Market:: 697
Last Refresh:: Apr 5 at 8:12 pm

Property Features for 332 E 159th St

General Information

Standard status: Active
Size: 5,000 SF

We can help!

Listing Contact

Theresa Mueller

Listing agent Theresa Mueller License #471006935

Listing office Trelleum LLC

Listing date Jul 19, 2024

Source Exprealty

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 Trelleum LLC

HighLights

Highly successful, turnkey automotive business with real estate included.
Prime location on high‑traffic 159th Street, east of the tollway.
Well‑maintained 5000 SF building with 7 bays, including one for large vehicle repair.
Established business with same owner/operator for over 30 years.
Significant growth potential for a new owner.
Opportunity to purchase the real estate or potentially lease.

Overview

This is an opportunity to acquire a well-maintained 5,000 square foot auto shop. The property features seven bays, including one bay suitable for large vehicle repair. The business has been successfully operated by the same owner for over 30 years and presents growth potential. Located on a high-traffic section of 159th Street, east of the tollway, the property is suitable for automotive-related businesses.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$108.0k	$21.60
− Vacancy	−$8.9k	−$1.77
EGI	$99.1k	$19.83
− OpEx	−$29.7k	−$5.95
NOI	$69.4k	$13.88

5,000 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$991.4K

$867.5K – $1.16M (±1% cap)

NOI $69,401 @ 7.0% cap · market cap 7.71%

Second Best

Industrial

$307.5K

$269.0K – $358.7K (±1% cap)

NOI $21,523 @ 7.0% cap · market cap 2.39%

Theoretical Best

Office A

$1.73M

$1.51M – $2.01M (±1% cap)

NOI $120,839 @ 7.0% cap · market cap 13.43%

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

Location Intelligence

Current Use by Public Records

John's Arrow Transmission Auto Repair Shop

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: Harvey
County: Cook
State: Illinois
Longitude: -87.6374
Latitude: 41.6006

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For sale
Auto shops
IL
Dixmoor
60426
332 E 159th St

What type of property is this?

Auto shop - Well-maintained 7-bay auto shop on high-traffic street.

Where is this auto shop located?

The property is located at 332 E 159th St Harvey, IL.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: Highly successful, turnkey automotive business with real estate included.; Prime location on high‑traffic 159th Street, east of the tollway.; Well‑maintained 5000 SF building with 7 bays, including one for large vehicle repair.