Established Car Dealership For
For Sale
Contact for pricing
17080 Dixie Hwy, Hazel Crest, IL 60429
Car dealership with real estate and land included in sale.
Property Size1,000 SF
Lot Size0.18 Acres
Price / SF$350
Days on Market427
Property Features for 17080 Dixie Hwy
General Information
Standard status
Active
Size
1,000 SF
Lot size
0.18 Acres
Property subtype
Retail
Zoning
B-2
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2000
Buildings
1
Stories
1
Units
1
Listing Agency:
Infiniti Properties Inc
(708) 859-7846
Listed By:
Ned Malley · License #IL 471007341
Source:
Crexi
Added: Jun 20, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:42AM
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 Infiniti Properties Inc
Investment Insights
Based on property information with market context.
An established car dealership is available for sale, including the business, real estate, and land. The dealership has been in operation for 20 years and has been fully remodeled. The property includes a building of approximately 1,000 square feet situated on 0.18 acres. The real estate taxes for 2023 were $8,283.39. The location benefits from an average daily traffic count exceeding 16,300 vehicles per day.
Key Highlights
- Business, Real Estate, and Land Included in Sale
- Established Dealership (20 Years in Business)
- Great Location with High Traffic Count (16,300+ vpd)
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
$16,740
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
4.78%
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%
$334,800
$334.8K
Cap Rate 7%
$239,143
$239.1K
Cap Rate 9%
$186,000
$186.0K
Market Conditions
NOI Build-Up for 1,000 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
$24.0K $24.00/SF
− Vacancy
−$1.7K −$1.68/SF
EGI
$22.3K $22.32/SF
− OpEx
−$5.6K −$5.58/SF
NOI
$16.7K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$334,800
Cap Rate 7%
$239,143
Cap Rate 9%
$186,000
Alternative Uses
Best Use
Specialty Retail
$239.1K
$209.3K – $279.0K
NOI $16,740 @ 7.0% cap · market cap 4.78%
Second Best
Retail
$198.3K
$173.5K – $231.3K
NOI $13,880 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$345.3K
$302.1K – $402.8K
NOI $24,168 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Explore this area
Business Placement
Demographics for 60429, IL
14,683
Population
5,969
Households
2.5
Avg Household Size
39
Median Age
24%
College-Educated
92%
High-School Grad
4.1 sq mi
ZIP Area
3,581
Density / Sq Mi
$62,231
Median Household Income
$43,120
Median Earnings
$1,440
Median Rent
$180,800
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?
Car wash - Car dealership with real estate and land included in sale.
Where is this car wash located?
The property is located at 17080 Dixie Hwy Hazel Crest, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Business, Real Estate, and Land Included in Sale; Established Dealership (20 Years in Business); Great Location with High Traffic Count (16,300+ vpd)
