2427 W 47th St, Chicago, IL 60632
Long-standing auto shop with real estate for sale.
- Added:
- Mar 7, 2026
- Days on Market:
- 120
- Last Refresh:
- Mar 16 at 3:07 pm
Property Features for 2427 W 47th St
General Information
- Standard status
- Active
- Size
- 4,020 SF
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 30
Listing office Aria Real Estate
Listing date Mar 7, 2026
Source Crexi
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 Aria Real Estate
HighLights
- Established tire and automotive service business operating for over 30 years with a loyal customer base.
- Includes both the operating business and the underlying real estate.
- Located on a highly visible commercial corridor with consistent daily traffic.
- Property consists of approximately 6,200 square feet.
- Features two service bays for tire installation, repairs, and storage.
- Opportunity for immediate cash flow or expansion in Chicago.
Overview
Local Financial Insights For Retail
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 | $67.5k | $16.80 |
| − Vacancy | −$5.7k | −$1.43 |
| EGI | $61.8k | $15.37 |
| − OpEx | −$18.5k | −$4.61 |
| NOI | $43.3k | $10.76 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- California Muffler & Brakes — 5059 S California Ave, Chicago, IL 60632
- G & G Auto Repair — 5224 S Damen Ave, Chicago, IL 60609
- Pronto Glass & Mirror Inc — 5234 s artesian ave, chicago, il 60632
- Check Engine Soon — 5059 S California Ave, Chicago, IL 60632
- Cris Op Autos — 5011 S Talman Ave, Chicago, IL 60632
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6856361
- Latitude
- 41.8081629
