Four-Bay Automotive Service
For Sale
$975,000
127 W 162nd St, South Holland, IL 60473
Automotive property with repair bays, retail space, a mechanic garage, and a paved lot near established commercial businesses.
Property Size2,400 SF
Lot Size0.86 Acres
Price / SF$406.25
Days on Market29
Property Features for 127 W 162nd St
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.86 Acres
Additional Details
Road Access
Yes
Service Bays
4
Building Details
Year Built
1991
Buildings
2
Listing Agency:
Capital Investment Realty Group Inc
Listed By:
Otis Lazich · License #471009343
(708) 692-7283
Source:
Bktchicago
Added: Sep 7
Changed: Sep 21
Last Checked: Oct 4 at 1:34PM
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 Capital Investment Realty Group Inc
Investment Insights
Based on property information with market context.
This automotive property combines a retail building, mechanic garage, and paved lot, with a four-bay repair operation serving the existing dealership and service use. The building was constructed in 1991, and the site includes both customer-facing and automotive service components.
Located at 127 W 162nd St in South Holland, the property sits near the intersection of 162nd Street and State Street. The surrounding commercial area includes restaurants, stores, banking, and other auto-related businesses, providing a setting with varied retail and service activity.
Located at 127 W 162nd St in South Holland, the property sits near the intersection of 162nd Street and State Street. The surrounding commercial area includes restaurants, stores, banking, and other auto-related businesses, providing a setting with varied retail and service activity.
Key Highlights
- Four repair bays within the mechanic garage
- Retail building and automotive service components on one property
- Paved lot included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,312
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,240
$666.2K
Cap Rate 7%
$475,886
$475.9K
Cap Rate 9%
$370,133
$370.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$51.8K $21.60/SF
− Vacancy
−$4.3K −$1.77/SF
EGI
$47.6K $19.83/SF
− OpEx
−$14.3K −$5.95/SF
NOI
$33.3K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,240
Cap Rate 7%
$475,886
Cap Rate 9%
$370,133
Alternative Uses
Best Use
Retail
$475.9K
$416.4K – $555.2K
NOI $33,312 @ 7.0% cap · market cap 3.42%
Second Best
Industrial
$147.6K
$129.1K – $172.2K
NOI $10,331 @ 7.0% cap · market cap 1.06%
Theoretical Best
Office A
$828.6K
$725.0K – $966.7K
NOI $58,003 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60473, IL
21,661
Population
7,969
Households
2.7
Avg Household Size
43
Median Age
27%
College-Educated
92%
High-School Grad
7.8 sq mi
ZIP Area
2,777
Density / Sq Mi
$88,046
Median Household Income
$40,903
Median Earnings
$1,914
Median Rent
$200,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
- T18 Plus LLC — 16647 Vincennes Ave, South Holland, IL 60473
- K S TRUCK REPAIR — 16650 Vincennes Ave, South Holland, IL 60473
- Camms Family of Automotive Services — 16664 State St, South Holland, IL 60473
- Auto Palace — 16674 State St, South Holland, IL 60473
- Smt Towing — 16159 Clinton St, Harvey, IL 60426
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property with repair bays, retail space, a mechanic garage, and a paved lot near established commercial businesses.
Where is this auto shop located?
The property is located at 127 W 162nd St South Holland, IL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four repair bays within the mechanic garage; Retail building and automotive service components on one property; Paved lot included
