Auto Repair Shop with Two
For Sale
$699,000
12257 S Cicero Avenue, Alsip, IL 60803
Auto repair facility with two bays, four lifts, and outdoor parking at a stoplighted intersection.
Property Size3,000 SF
Price / SF$233
Days on Market74
Property Features for 12257 S Cicero Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Zoning
COMMR
Additional Details
Business Included
Yes
Service Bays
2
Taxes and HOA fees
Annual Taxes
$25,273
Building Details
Building Size
3,000 SF
Year Built
1979
Stories
1
Listing Agency:
Sperry Van Ness
(312) 676-1866
Listed By:
Derek Gonsch · License #475192105
(312) 676-1866
Source:
Gia-sells
Added: Jun 12
Changed: Aug 23
Last Checked: Aug 22 at 4:46AM
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 Sperry Van Ness
Investment Insights
Based on property information with market context.
This automotive property is designed for repair operations, featuring two bays and four lifts, supported by a two-stage air compressor. The building is equipped with triple basin drainage, security cameras, and window air conditioners, and it includes an on-site digital marketing sign. Outdoor parking is available, and the lot has been recently restriped.
The property is located on the northeast corner of a very busy stoplighted intersection at 123rd and Cicero Ave in Alsip, IL. The current owner has operated at the location since 2011.
The facility can serve as a turnkey fit for an auto-related operator looking for an established repair layout, or as a redevelopment site given its corner position. The seller has noted that seller financing is available with a 50% down payment, and the digital marketing sign is leased by the Village of Alsip under terms stated in the offering.
The property is located on the northeast corner of a very busy stoplighted intersection at 123rd and Cicero Ave in Alsip, IL. The current owner has operated at the location since 2011.
The facility can serve as a turnkey fit for an auto-related operator looking for an established repair layout, or as a redevelopment site given its corner position. The seller has noted that seller financing is available with a 50% down payment, and the digital marketing sign is leased by the Village of Alsip under terms stated in the offering.
Key Highlights
- Auto repair facility at the northeast corner of 123rd and Cicero Ave at a stoplighted intersection
- 2 repair bays with 4 lifts and a 2‑stage air compressor
- Outdoor parking on site; lot has been recently restriped
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,504
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$830,080
$830.1K
Cap Rate 7%
$592,914
$592.9K
Cap Rate 9%
$461,156
$461.2K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.8K $21.60/SF
− Vacancy
−$5.5K −$1.84/SF
EGI
$59.3K $19.76/SF
− OpEx
−$17.8K −$5.93/SF
NOI
$41.5K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$830,080
Cap Rate 7%
$592,914
Cap Rate 9%
$461,156
Alternative Uses
Best Use
Retail
$592.9K
$518.8K – $691.7K
NOI $41,504 @ 7.0% cap · market cap 5.94%
Second Best
Industrial
$268.8K
$235.2K – $313.6K
NOI $18,813 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,014 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
94k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Home Improvements & Furnishings 34%
Dining 22%
Hotels & Casinos 2%
The Home Depot
Home Improvements & Furnishings
30,899 visits/mo
0.5 miles
White Castle
Dining
13,414 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,639 visits/mo
0.3 miles
BP
Shops & Services
12,566 visits/mo
0.2 miles
Shell
Shops & Services
6,520 visits/mo
0.1 miles
Demographics for 60803, IL
22,189
Population
9,563
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
88%
High-School Grad
7.8 sq mi
ZIP Area
2,845
Density / Sq Mi
$66,555
Median Household Income
$42,245
Median Earnings
$1,113
Median Rent
$200,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Intex Automotive
- M&G Mobile Tire Service
- Chop Shop
- Crestwood Auto Repair — 12727 W Cal Sag Rd, Crestwood, IL 60445
- Harris Tow & Recovery
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair facility with two bays, four lifts, and outdoor parking at a stoplighted intersection.
Where is this auto shop located?
The property is located at 12257 S Cicero Avenue Alsip, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Auto repair facility at the northeast corner of 123rd and Cicero Ave at a stoplighted intersection; 2 repair bays with 4 lifts and a 2‑stage air compressor; Outdoor parking on site; lot has been recently restriped
