Brick Auto Shop with Overhead
New
For Sale
$349,000
1825 S 17th Avenue, Broadview, IL 60155
Commercial Sale, Broadview, IL
Property Size2,338 SF
Lot Size0.07 Acres
Price / SF$149.27
Days on Market3
Property Features for 1825 S 17th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
North of Roosevelt on 17th Avenue
Subdivision
Broadview
Standard status
Active
APN
15154000210000
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10357
Utilities
Cooling system
Central Air
Amenities
2 overhead doors
customer-facing front office
Building Details
Year built
1959
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick
Listing Agency:
M Property Group LLC
(630) 518-4511
Listed By:
Marisa Rohrer · License #471021730
(630) 846-0133
Added: Sep 1
Last Checked: Sep 3 at 3:06AM
MLS# 12748681
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,338-square-foot brick automotive building was constructed in 1959 and includes a customer-facing front office, concrete flooring, central air, two tall overhead doors, and three vehicle lifts. Equipment is included in the sale, and the property is offered in its existing condition. The building is currently up to city building code, and a Phase II ESA has been completed.
Positioned along 17th Avenue near 290, the property offers frontage with convenient alley access to a shared, fenced rear lot. Its location is next to an established collision repair business and close to the highway. Zoning is COMMR.
Positioned along 17th Avenue near 290, the property offers frontage with convenient alley access to a shared, fenced rear lot. Its location is next to an established collision repair business and close to the highway. Zoning is COMMR.
Key Highlights
- 2,338 SF brick automotive building constructed in 1959
- Two tall overhead doors and three vehicle lifts
- Customer‑facing front office with concrete flooring and central air
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
3
Service bays
Yes
Fenced yard
Yes
Highway access
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.
Similar Off Market Nearby
- ASAP Towing & Recovery — 9825 Roosevelt Rd, Westchester, IL 60154
- Nathional Recovery and Towing — 2000 S 25th Ave, Broadview, IL 60155
- DAT - Semi Truck Heavy Duty Towing & Roadside Services — maywood, il 60153
- Hughes Auto Body Shop — 1839 S 21st Ave, Maywood, IL 60153
- HighPower 24hour Towing — 1839 S 21st Ave, Broadview, IL 60155
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with a fenced rear area, service equipment, and a customer-facing office.
Where is this auto shop located?
The property is located at 1825 S 17th Avenue 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: 2,338 SF brick automotive building constructed in 1959; Two tall overhead doors and three vehicle lifts; Customer‑facing front office with concrete flooring and central air
