Little Village Commercial Building
For Sale
$699,900
2447 S Pulaski Road, Chicago, IL 60623
High-traffic location suitable for various business uses.
Property Size8,000 SF
Price / SF$87.49
Days on Market230
Property Features for 2447 S Pulaski Road
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Commercial
Building Details
Year Built
1919
Listing Agency:
REALTY OF AMERICA, LLC
(708) 788-1900
Listed By:
EDUARDO GARCIA
Source:
Corcoran
Added: Dec 12, 2025
Changed: Jul 10
Last Checked: Jul 30 at 8:33AM
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 REALTY OF AMERICA, LLC
Investment Insights
Based on property information with market context.
This commercial building is located in the Little Village neighborhood of Chicago, on the Pulaski Road corridor, blocks from 26th Street. The property is currently home to a tire shop and benefits from population density and vehicle activity. The building offers approximately 8,000 sq ft of space that can accommodate a range of business uses, including auto repair or a car wash. The interior features a work area, offices, a waiting room, storage space, a partial basement, and a second-floor office space. High ceilings support lifts and industrial equipment, and front and rear overhead doors facilitate vehicle flow. The property is located in one of Chicago's appreciating neighborhoods and is suited for business owners and investors.
Key Highlights
- High‑traffic location on Pulaski Road in Little Village, near 26th Street, offering unmatched visibility and walk‑in traffic
- Nearly 8,000 sq ft of versatile space suitable for various business uses
- Established business with an existing customer base, allowing for immediate income generation
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 | $75.4k | $9.43 |
| − Vacancy | −$3.8k | −$0.47 |
| EGI | $71.7k | $8.96 |
| − OpEx | −$21.5k | −$2.69 |
| NOI | $50.2k | $6.27 |
8,000 SF · lease $9.43/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,678 @ 7.0% cap · market cap 15.81%
Second Best
Industrial
$716.7K
$627.1K – $836.1K
NOI $50,168 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,038 @ 7.0% cap · market cap 37.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,927
Businesses Nearby
35k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 20%
Electronics 3%
McDonald's
Dining
27,195 visits/mo
0.5 miles
BP
Shops & Services
7,179 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
1,082 visits/mo
0.4 miles
Demographics for 60623, IL
87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Similar Off Market Nearby
- Honda & Acura Auto Specialist — 4358 W 31st St, Chicago, IL 60623
- United States Mechanics Inc — 3059 S Kostner Ave, Chicago, IL 60623
- A Gomez Tires and Wheels #1 — 3000 S Kostner Ave, Chicago, IL 60623
- Three Brothers Hernandez Truck Repair — 3045 S Kilbourn Ave, Chicago, IL 60623
- Tony's garage car repairs — 4450 W 28th St, Chicago, IL 60623
Frequently Asked Questions
What type of property is this?
Auto shop - High-traffic location suitable for various business uses.
Where is this auto shop located?
The property is located at 2447 S Pulaski Road Chicago, IL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: High‑traffic location on Pulaski Road in Little Village, near 26th Street, offering unmatched visibility and walk‑in traffic; Nearly 8,000 sq ft of versatile space suitable for various business uses; Established business with an existing customer base, allowing for immediate income generation
