Automotive Service Building with
For Sale
$349,000
1825 S 17th Ave, Broadview, IL 60155
Includes overhead doors, a customer-facing office, repair equipment, and a fenced rear work area with alley access.
Property Size2,338 SF
Price / SF$149.27
Days on Market12
Property Features for 1825 S 17th Ave
General Information
Standard status
Active
Size
2,338 SF
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
2 overhead doors
3 lifts
customer-facing front office
fenced back lot
alley access
Building Details
Year Built
1959
Buildings
1
Listing Agency:
M Property Group LLC
(630) 846-0133
Listed By:
Marisa Rohrer · License #471021730
Source:
Realtopiare
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 28 at 1:05PM
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 M Property Group LLC
Investment Insights
Based on property information with market context.
This automotive service property includes two overhead doors, three vehicle lifts, and a customer-facing front office. The sale includes the existing repair equipment, and the building is offered in its current condition. Constructed in 1959, the facility currently complies with city building code requirements, while a Phase II ESA has been completed.
The property fronts 17th Avenue at 1825 S 17th Ave in Broadview, Illinois. A fenced back lot provides additional secured space and is shared with alley access. The building and equipment are being conveyed as-is, providing an established physical setup for automotive service use.
The property fronts 17th Avenue at 1825 S 17th Ave in Broadview, Illinois. A fenced back lot provides additional secured space and is shared with alley access. The building and equipment are being conveyed as-is, providing an established physical setup for automotive service use.
Key Highlights
- Two overhead doors and 3 vehicle lifts
- Customer‑facing front office included
- Existing automotive repair equipment included
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
$10,064
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
2.88%
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%
$201,280
$201.3K
Cap Rate 7%
$143,771
$143.8K
Cap Rate 9%
$111,822
$111.8K
Market Conditions
NOI Build-Up for 2,338 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
$15.2K $6.48/SF
− Vacancy
−$773 −$0.33/SF
EGI
$14.4K $6.15/SF
− OpEx
−$4.3K −$1.84/SF
NOI
$10.1K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /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%
$201,280
Cap Rate 7%
$143,771
Cap Rate 9%
$111,822
Alternative Uses
Best Use
Retail
$463.6K
$405.7K – $540.9K
NOI $32,452 @ 7.0% cap · market cap 9.30%
Second Best
Industrial
$143.8K
$125.8K – $167.7K
NOI $10,064 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$807.2K
$706.3K – $941.7K
NOI $56,504 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60155, IL
8,011
Population
3,231
Households
2.5
Avg Household Size
44
Median Age
15%
College-Educated
85%
High-School Grad
1.9 sq mi
ZIP Area
4,216
Density / Sq Mi
$59,688
Median Household Income
$52,897
Median Earnings
$1,091
Median Rent
$240,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Includes overhead doors, a customer-facing office, repair equipment, and a fenced rear work area with alley access.
Where is this auto shop located?
The property is located at 1825 S 17th Ave Broadview, IL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two overhead doors and 3 vehicle lifts; Customer‑facing front office included; Existing automotive repair equipment included
