Phoenix Auto Shop
15500 Vincennes Rd Phoenix, IL 60426
15500 Vincennes Rd, Phoenix, IL, 60426
Contact for pricing
For Sale
Contact for pricing
4906 SF brick building suitable for auto-related businesses.
Property Size4,906 SF
Lot Size0.22 Acres
Price / SF$50.94
Days on Market784
Property Features for 15500 Vincennes Rd
General Information
- Standard status
- Active
- Size
- 4,906 SF
- Lot size
- 0.22 Acres
- Property subtype
- Retail
Listing Agency
Better Homes & Gardens Real Estate
(708) 856-5100
Listed by
Rima Odeh · License #475102798
Source
Crexi
Added: May 27, 2024 Checked: Jul 16 at 10:30 am
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 Better Homes & Gardens Real Estate
Investment Insights
Based on property information with market context.
This 4906 square foot brick building is located on a corner lot with high exposure, offering an excellent location for auto shops, car washes, and other businesses. Currently operating as a truck repair shop, the property sits on 0.22 acres of land with the capacity to accommodate up to 15 trucks inside and out. It is equipped with high-quality surveillance, including 16 and 4 cameras, and a 20/air compressor ingrosse, 80 gallons 24.5 cfm 7.5 hp, which is 3 years old. This free-standing building presents an excellent opportunity to start your own business.
Key Highlights
- Excellent location suitable for auto shops, car washes, and other businesses.
- Free‑standing 4906 sqft brick corner building with great exposure.
- Capacity for up to 15 trucks inside and out.
Local Financial Insights For Industrial
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 | $31.8k | $6.48 |
| − Vacancy | −$1.6k | −$0.33 |
| EGI | $30.2k | $6.15 |
| − OpEx | −$9.1k | −$1.84 |
| NOI | $21.1k | $4.30 |
4,906 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$972.8K
$851.2K – $1.13M
NOI $68,096 @ 7.0% cap · market cap 27.25%
Second Best
Industrial
$301.7K
$264.0K – $352.0K
NOI $21,119 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,567 @ 7.0% cap · market cap 47.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
TJ Transit Truck ...
Auto Repair Shop
M P Auto ...
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- One Stop Auto Clinic — Harvey, IL 60426
- Christ One Auto Car Care Center — 240 E 159th St, Harvey, IL 60426
- United-Mex Tire Shop — 283 E 159th St, Harvey, IL 60426
- ROB'S TRUCK AND TRAILER REPAIRS INC — 210 E 159th St, Harvey, IL 60426
- R & R Collision Expert & Auto — 15935 Halsted St, Harvey, IL 60426
FAQs
What type of property is this?
Auto shop - 4906 SF brick building suitable for auto-related businesses.
Where is this auto shop located?
The property is located at 15500 Vincennes Rd Phoenix, IL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Excellent location suitable for auto shops, car washes, and other businesses.; Free‑standing 4906 sqft brick corner building with great exposure.; Capacity for up to 15 trucks inside and out.
