Auto Repair Shop With
For Sale
$389,000
19530 Green Bay Ave, Lynwood, IL 60411
Repair, office, and loft areas are combined with an existing leased portion and on-site land for commercial vehicle use.
Property Size8,000 SF
Lot Size0.50 Acres
Price / SF$48.63
Days on Market50
Property Features for 19530 Green Bay Ave
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.50 Acres
Amenities
loft area
Building Details
Year Built
1977
Buildings
1
Listing Agency:
RE/MAX 1st Service
Listed By:
John Schober · License #475139223
(708) 675-1600
Source:
Realtopiare
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 7 at 5:10PM
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 RE/MAX 1st Service
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Investment Insights
Based on property information with market context.
Built in 1977, this auto shop property includes an 8,000-square-foot repair facility with office space and a loft area for additional storage. The offering includes the building and land, while lifts and equipment are available separately.
The property occupies 1/2 acre and includes a 3,000-square-foot area that is currently leased. That leased space may remain in place or be vacated, providing flexibility for an owner-user or continued occupancy arrangement.
The property occupies 1/2 acre and includes a 3,000-square-foot area that is currently leased. That leased space may remain in place or be vacated, providing flexibility for an owner-user or continued occupancy arrangement.
Key Highlights
- 8,000 SF repair shop with office space
- 1/2‑acre property including building and land
- 3,000 SF currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,437
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,740
$688.7K
Cap Rate 7%
$491,957
$492.0K
Cap Rate 9%
$382,633
$382.6K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$51.8K $6.48/SF
− Vacancy
−$2.6K −$0.33/SF
EGI
$49.2K $6.15/SF
− OpEx
−$14.8K −$1.84/SF
NOI
$34.4K $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 Rate 5%
$688,740
Cap Rate 7%
$491,957
Cap Rate 9%
$382,633
Alternative Uses
Best Use
Retail
$1.59M
$1.39M – $1.85M
NOI $111,041 @ 7.0% cap · market cap 28.55%
Second Best
Industrial
$492.0K
$430.5K – $574.0K
NOI $34,437 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,342 @ 7.0% cap · market cap 49.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 60411, IL
53,515
Population
21,382
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
30.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$56,627
Median Household Income
$35,995
Median Earnings
$1,156
Median Rent
$148,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- F.T. Collision — 19850 Burnham Ave, Lynwood, IL 60411
- Competition Transmission — 19530 Green Bay Ave, Lynwood, IL 60411
- JoJo King Auto Clinic (DBA) ATL Auto Clinic Lynwood IL. — 19560 Burnham Ave, Lynwood, IL 60411
- ATL TOTAL CAR CARE — 19560 Burnham Ave, Lynwood, IL 60411
Frequently Asked Questions
What type of property is this?
Auto shop - Repair, office, and loft areas are combined with an existing leased portion and on-site land for commercial vehicle use.
Where is this auto shop located?
The property is located at 19530 Green Bay Ave Lynwood, IL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 8,000 SF repair shop with office space; 1/2‑acre property including building and land; 3,000 SF currently leased
