Established Automotive and Printing
For Sale
$1,750,000
14440 W Edison Drive, New Lenox, IL 60451
Profitable automotive and printing business for sale in New Lenox.
Property Size15,000 SF
Price / SF$116.67
Days on Market203
Property Features for 14440 W Edison Drive
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,157
Amenities
Central air
Metal Roof
Central Air Cooling
Listing Agency:
808 REALTY
(815) 735-0749
Listed By:
ROBERT KROLL
Source:
Corcoran
Added: Jan 29
Changed: Aug 19
Last Checked: Aug 20 at 4:20AM
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 808 REALTY
Investment Insights
Based on property information with market context.
This well-established local automotive and commercial printing business has been profitable for many years and continues to generate consistent returns while supplying companies nationwide. Operating from a 15,000-square-foot building in New Lenox, the company benefits from a strong, loyal customer base and dependable, ongoing revenue. The facility provides additional upside, with several areas that can be easily leased to other companies for supplemental income. With over a dozen long-standing, experienced employees who can work independently, the business is well positioned for a seamless transition, allowing a new owner to continue operations without disruption. The property is suitable for automotive, retail, and specialty commercial real estate purposes.
Key Highlights
- Profitable automotive and commercial printing business with consistent returns.
- Established business with a strong, loyal customer base and dependable revenue.
- 15,000‑square‑foot building in New Lenox with potential for supplemental rental income.**
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
$141,750
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
8.10%
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%
$2,835,000
$2.8M
Cap Rate 7%
$2,025,000
$2.0M
Cap Rate 9%
$1,575,000
$1.6M
Market Conditions
NOI Build-Up for 15,000 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
$225.0K $15.00/SF
− Vacancy
−$22.5K −$1.50/SF
EGI
$202.5K $13.50/SF
− OpEx
−$60.8K −$4.05/SF
NOI
$141.8K $9.45/SF
Area
Will County, IL
Vacancy
10.00%
Lease Rate
$15.00 /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%
$2,835,000
Cap Rate 7%
$2,025,000
Cap Rate 9%
$1,575,000
Alternative Uses
Best Use
Retail
$2.03M
$1.77M – $2.36M
NOI $141,750 @ 7.0% cap · market cap 8.10%
Second Best
Industrial
$922.4K
$807.1K – $1.08M
NOI $64,570 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,140 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
7,312 visits/mo
0.5 miles
Circle K
Shops & Services
3,585 visits/mo
0.5 miles
CARSTAR Mistrata's Collision Service
Shops & Services
213 visits/mo
0.4 miles
Demographics for 60451, IL
36,561
Population
12,972
Households
2.8
Avg Household Size
39
Median Age
42%
College-Educated
98%
High-School Grad
25.2 sq mi
ZIP Area
1,451
Density / Sq Mi
$132,260
Median Household Income
$63,418
Median Earnings
$1,304
Median Rent
$373,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Profitable automotive and printing business for sale in New Lenox.
Where is this automotive property located?
The property is located at 14440 W Edison Drive New Lenox, IL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Profitable automotive and commercial printing business with consistent returns.; Established business with a strong, loyal customer base and dependable revenue.; 15,000‑square‑foot building in New Lenox with potential for supplemental rental income.**
