Building Details

Tenancy Single

Listing Agency: Frontline Real Estate Partners a***@frontlinerepartners.com Show Phone

Listed By: Matthew Tarshis · License #IL 481011744

Source: Crexi

Added: Apr 10 Changed: Jul 20 Last Checked: Jul 29 at 12:02PM

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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 Frontline Real Estate Partners

Investment Insights

Based on property information with market context.

The property offers an approximate 9,375 SF lot with an existing automotive repair shop at 1500-1506 W 47th Street. The site also includes additional income generated from a billboard.

Surrounding retail and national tenants include ALDI and McDonald’s, with other nearby businesses such as Fifth Third Bank, Walgreens, Dollar Tree, Family Dollar, Marshall’s, Popeyes, Little Caesars Pizza, and America’s Best Contacts & Eyeglasses.

For investors, the property benefits from rental income from the current automotive repair shop tenant, with billboard income providing an additional revenue stream. The site is also described as a potential redevelopment option for a future single-tenant user.

Key Highlights

• Approx. 9,375 SF lot with an existing automotive repair shop on W 47th Street
• Includes rental income from the current automotive repair shop tenant
• Additional income from an on‑site billboard that generates revenue

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Skin Care Clinic (Bike/Boat/Book/etc) Store Tech Support Center

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

Lease Details

Single-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

499

Businesses Nearby

34k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 53% Dining 29% Apparel 18%

Family Dollar Shops & Services

17,847 visits/mo 0.2 miles

Dunkin' Donuts Dining

9,645 visits/mo 0.2 miles

Citi Trends Apparel

6,152 visits/mo 0.2 miles

Demographics for 60609, IL

65,770

Population

26,122

Households

2.5

Avg Household Size

34

Median Age

20%

College-Educated

76%

High-School Grad

7.7 sq mi

ZIP Area

8,542

Density / Sq Mi

$54,142

Median Household Income

$37,694

Median Earnings

$1,070

Median Rent

$251,600

Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019

9.2% 2020

8.8% 2021

8.1% 2022

7% 2023

6.6% 2024

7.4% 2025

Questions? Ask Rey

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Similar Off Market Nearby

• G & G Auto Repair — 5224 S Damen Ave, Chicago, IL 60609
• Automotriz Chuy Tune-Up Brakes — 5055 S Hoyne Ave, Chicago, IL 60609
• Charly's Auto Repair — 2131-2133 W 51st St, Chicago, IL 60609
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Frequently Asked Questions

What type of property is this?

Auto shop - Existing automotive repair shop sits on an approximate 9,375 SF lot along W 47th Street.

Where is this auto shop located?

The property is located at 1500-1506 W 47Th Street Chicago, IL.

What are key features of this property?

This property features: Approx. 9,375 SF lot with an existing automotive repair shop on W 47th Street; Includes rental income from the current automotive repair shop tenant; Additional income from an on‑site billboard that generates revenue