Little Village Commercial Building Opportunity

2447 S Pulaski Road Chicago, IL 60623

Claim this Listing
For Sale
$699,900

High-traffic location suitable for various business uses.

Type:Commercial
Property size:
8,000 SF
Price / SF:
$87/SF
Added:
Dec 12, 2025
Days on Market:
212
Last Refresh:
Apr 5 at 9:08 pm

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 office REALTY OF AMERICA, LLC

Listing date Dec 12, 2025

Source Corcoran

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

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 $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 (±1% cap)
NOI $110,678 @ 7.0% cap · market cap 15.81%
Second Best
Industrial
$716.7K
$627.1K – $836.1K (±1% cap)
NOI $50,168 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M (±1% cap)
NOI $264,038 @ 7.0% cap · market cap 37.73%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Midwest Tires (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Hotel & Motel Acupuncture (Bike/Boat/Book/etc) Store Nursing Home Veterinary Clinic (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

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

FAQs

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
Contact an agent
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