Transmission Repair Business and
1519 N Willis Ave, Champaign, IL 61821
Well-equipped auto shop with established business for sale.
Type:Industrial
Property size:
4,510 SFPrice / SF:
$127/SF- Added:
- Nov 21, 2025
- Days on Market:
- 225
- Last Refresh:
- May 9 at 12:18 am
Property Features for 1519 N Willis Ave
General Information
- Standard status
- Active
- Size
- 4,510 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1995
Listing office (217) 649-8473
Listing date Nov 21, 2025
Source Svn
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 Jeffrey Kurtz
HighLights
- Established transmission repair business with a respected reputation and average revenue of $706,000 for the previous 4 years.
- Prime location near I‑74, providing easy access for customers and suppliers.
- Versatile 4,510 SF facility on a large 1.3‑acre lot with expansion potential.
- Well‑equipped shop featuring 4 service bays and 4 hydraulic lifts.
- Located in an opportunity zone, TIF, and enterprise zone, offering potential tax incentives and benefits.
- Includes both the business and the property in the sale, as the owner is retiring.
Overview
This offering includes both the business and property, presenting an opportunity due to the owner's planned retirement. The business is a transmission repair service with a trusted reputation. The property is a versatile 4,510 square foot facility situated on a 1.3-acre lot, offering potential for expansion or additional services. The shop includes four service bays and hydraulic lifts, facilitating efficiency and growth. The facility is well-equipped with parts storage, an office, and a locker room. The property is located near I-74, providing convenient customer access. The location in an opportunity zone, TIF, and enterprise zone offers potential tax incentives and benefits. The area surrounding the property is near the University of Illinois, and the vibrant downtown area offers dining and entertainment options. The property also enjoys easy access to major transportation routes. The average revenue for the previous 4 years is $706,000. This property is suited for an investor or owner-operator looking to expand in the auto service industry.
Local 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 | $59.5k | $13.20 |
| − Vacancy | −$5.1k | −$1.12 |
| EGI | $54.5k | $12.08 |
| − OpEx | −$16.3k | −$3.62 |
| NOI | $38.1k | $8.45 |
4,510 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$544.7K
$476.6K – $635.5K
NOI $38,130 @ 7.0% cap · market cap 6.63%
Second Best
Industrial
$297.6K
$260.4K – $347.2K
NOI $20,830 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$938.3K
$821.0K – $1.09M
NOI $65,680 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Crawford Transmission
Auto Repair Shop
Similar Places Nearby
- JC TIRES AFTER HOURS — 1217 W Eureka St, Champaign, IL 61821
- Jiffy Lube — 1201 N Prospect Ave, Champaign, IL 61820
- Used Transmissions Supply — 505 W University Ave, Champaign, IL 61820
- Car-X Tire & Auto — 906 W Bradley Ave, Champaign, IL 61821
- Average Joe Auto Repair — 1001 W Bradley Ave, Champaign, IL 61821
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2608
- Latitude
- 40.1321
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Well-equipped auto shop with established business for sale.
Where is this auto shop located?
The property is located at 1519 N Willis Ave Champaign, IL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Established transmission repair business with a respected reputation and average revenue of $706,000 for the previous 4 years.; Prime location near I‑74, providing easy access for customers and suppliers.; Versatile 4,510 SF facility on a large 1.3‑acre lot with expansion potential.
