2920 159th Street Markham, IL 60428
COMMERCIAL - Markham, IL
Property Features for 2920 159th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Pending
- APN
- 28133290310000
- Lot size
- 0.63 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Annual Amount
- 84799
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1990
- Floors in Building
- 1
Listing agent Paul Tabor License #475148012 (708) 857-1500
Listing office RE/MAX 10 in the Park 9658 W 131st Street., Oak Lawn, IL (708) 923-0900
Listing date Aug 12, 2024
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The site sits on 0.6325 acres and is described as a hard corner location offering significant visibility. Public remarks also note a daily traffic count of over 30,000 vehicles and convenient access to major nearby highways, including I-294, I-80, and I-57. The property is positioned minutes from the Amazon workforce in the area.
While it can remain a turn-key used car dealership, the seller states it may be suitable for other commercial uses, including a fuel station, restaurant, car wash, or drive-thru fast food or coffee shop. Owner is negotiable and offers are encouraged.
Key Highlights
- High‑visibility hard corner location with significant daily traffic (over 30,000 vehicles).
- Expansive 5,400 sq ft building suitable for various commercial uses or a turn‑key used car dealership.
- Convenient access to major highways (I‑294, I‑80, I‑57).
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 | $116.6k | $21.60 |
| − Vacancy | −$9.6k | −$1.77 |
| EGI | $107.1k | $19.83 |
| − OpEx | −$32.1k | −$5.95 |
| NOI | $75.0k | $13.88 |
Alternative Uses
Property Analytics
Current Use by Public Records
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