Multi-Bay Auto Repair
2254 W 59th St. Chicago, IL 60636
2254 W 59th St., Chicago, IL, 60636
Contact for pricing
For Sale
Contact for pricing
For sale: a six-bay commercial garage on a 6-land-lot corner parcel along a heavily traveled truck route.
Property Size2,800 SF
Lot Size0.40 Acres
Price / SF$142.50
Days on Market23
Property Features for 2254 W 59th St.
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 0.40 Acres
- Property subtype
- Industrial
Listing agency
Millennium Properties R/E
(312) 338-3000
Listed by
Brad Thompson · License #IL 471013662
Source
Crexi
Added: Jul 1 Updated: Jul 22 at 8:40AM Checked: Jul 22 at 8:40AM
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 Millennium Properties R/E
Investment Insights
Based on property information with market context.
The property consists of a 2,800-square-foot commercial garage with six service bays, situated on 17,265 square feet of land across 6 land lots. The site is currently occupied by a diesel truck repair shop.
Located on a corner parcel in a heavily trafficked truck route near Western Avenue, the property benefits from a commercial and mixed-use corridor with a number of local businesses. The property is zoned M2-2, which would allow for a multitude of uses.
Additional access is supported by nearby public transportation options and proximity to I-90/94, with Midway International Airport also close by. The property is for sale and is less than 12 miles from downtown Chicago.
Located on a corner parcel in a heavily trafficked truck route near Western Avenue, the property benefits from a commercial and mixed-use corridor with a number of local businesses. The property is zoned M2-2, which would allow for a multitude of uses.
Additional access is supported by nearby public transportation options and proximity to I-90/94, with Midway International Airport also close by. The property is for sale and is less than 12 miles from downtown Chicago.
Key Highlights
- 6‑bay 2,800 SF commercial garage on a 17,265 SF, 6‑land‑lot corner parcel
- Currently occupied by a diesel truck repair shop
- Corner property on a heavily traveled truck route near Western Avenue
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 | $26.4k | $9.43 |
| − Vacancy | −$1.3k | −$0.47 |
| EGI | $25.1k | $8.96 |
| − OpEx | −$7.5k | −$2.69 |
| NOI | $17.6k | $6.27 |
2,800 SF · lease $9.43/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$553.4K
$484.2K – $645.6K
NOI $38,737 @ 7.0% cap · market cap 9.71%
Second Best
Industrial
$250.8K
$219.5K – $292.7K
NOI $17,559 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,413 @ 7.0% cap · market cap 23.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Englewood truck repair ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Ramos Auto Body Inc. — 6234 S Oakley Ave, Chicago, IL 60636
- Ricky's Muffler & Brakes — 6234 S Oakley Ave, Chicago, IL 60636
- Garcia's Service Tire Shop Inc. — 6353 S Western Ave, Chicago, IL 60636
- Jarochos auto glass — 2857 W 63rd St, Chicago, IL 60629
- California Tints — 2817 W 63rd St, Chicago, IL 60629
FAQs
What type of property is this?
Auto shop - For sale: a six-bay commercial garage on a 6-land-lot corner parcel along a heavily traveled truck route.
Where is this auto shop located?
The property is located at 2254 W 59th St. Chicago, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 6‑bay 2,800 SF commercial garage on a 17,265 SF, 6‑land‑lot corner parcel; Currently occupied by a diesel truck repair shop; Corner property on a heavily traveled truck route near Western Avenue
