Prime Commercial Property For
For Sale
$949,500
Pending
2920 159th Street, Markham, IL 60428
5,400 SF building on 1-acre site in high-traffic location.
Property Size5,400 SF
Lot Size1.00 Acre
Days on Market717
Property Features for 2920 159th Street
General Information
Standard status
Pending
Size
5,400 SF
Lot size
1.00 Acre
Property subtype
Commercial/Industrial
Building Details
Year Built
1990
Listing Agency:
RE/MAX 10 in the Park
(630) 202-4663
Listed By:
Paul Tabor · License #475148012
(630) 202-4663
Source:
Exitrealty
Added: Aug 13, 2024
Changed: Jul 10
Last Checked: Jul 30 at 6:57AM
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 RE/MAX 10 in the Park
Investment Insights
Based on property information with market context.
This commercial property, currently operating as a used car dealership, is situated in a highly desirable area. The 5,400 square foot building includes five offices and two bathrooms with ceramic tile flooring. The service department is equipped with four car lifts and six garage doors. The property is set on a 1-acre site comprising two lots, located on a hard corner with high visibility and a daily traffic count exceeding 30,000 vehicles. Its location provides convenient access for customers and clients, being just minutes from major highways including I-294, I-80, and I-57. There are 3,500 employees working down the street at Amazon. This site is suitable for various commercial uses, including a fuel station, restaurant, car wash, or drive-thru fast food or coffee shop, and can also be maintained as a turn-key operation for a used car dealership.
Key Highlights
- Prime hard corner location with high visibility and over 30,000 daily vehicle traffic count
- Expansive 5,400 sq ft building suitable for various commercial uses or turn‑key used car dealership
- Easy access to I‑294, I‑80, and I‑57 highways
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.6k | $21.60 |
| − Vacancy | −$9.6k | −$1.77 |
| EGI | $107.1k | $19.83 |
| − OpEx | −$32.1k | −$5.95 |
| NOI | $75.0k | $13.88 |
5,400 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.07M
$936.9K – $1.25M
NOI $74,953 @ 7.0% cap · market cap 7.89%
Second Best
Industrial
$332.1K
$290.6K – $387.4K
NOI $23,245 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$1.86M
$1.63M – $2.18M
NOI $130,506 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60428, IL
11,351
Population
4,138
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
87%
High-School Grad
5.1 sq mi
ZIP Area
2,226
Density / Sq Mi
$53,059
Median Household Income
$39,861
Median Earnings
$1,686
Median Rent
$118,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Automotive property - 5,400 SF building on 1-acre site in high-traffic location.
Where is this automotive property located?
The property is located at 2920 159th Street Markham, IL.
What is the asking price?
The asking price for this property is $949,500.
What are key features of this property?
This property features: Prime hard corner location with high visibility and over 30,000 daily vehicle traffic count; Expansive 5,400 sq ft building suitable for various commercial uses or turn‑key used car dealership; Easy access to I‑294, I‑80, and I‑57 highways
