Automotive Service Dealership
2920 159th Street Markham, IL 60428
2920 159th Street, Markham, IL, 60428
$949,500
Pending
For Sale
$949,500
Pending
COMMERCIAL - Markham, IL
Property Size5,400 SF
Lot Size0.63 Acres
Days on Market706
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 Agency
RE/MAX 10 in the Park
(708) 923-0900
9658 W 131st Street., Oak Lawn, IL
Listed by
Paul Tabor · License #475148012
(708) 857-1500
Added: Aug 12, 2024 Checked: Jul 18 at 4:06 am
MLS# 12136478
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.
Located at 2920 159th Street in Markham, this 5,400-square-foot commercial building is currently operating as a used car dealership. The property includes five office spaces for administrative use, two ceramic-tiled bathrooms, and four heavy-duty car lifts supporting service operations. Vehicle access is supported by six garage doors, providing flexibility for managing multiple vehicles at once.
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.
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 |
5,400 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,396 @ 7.0% cap · market cap 9.52%
Second Best
Retail
$1.07M
$936.9K – $1.25M
NOI $74,953 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$1.86M
$1.63M – $2.18M
NOI $130,506 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Done Right Collision — 3601 W 159th St, Markham, IL 60428
- Michael Tolbert Mechanic on Wheels — 16011 Spaulding Ave, Markham, IL 60428
- Richard's Road Services — 16147 Kedzie Pkwy, Markham, IL 60428
- Velasquez Mufflers and Brakes — 16021 Kedzie Ave, Markham, IL 60428
- Value Plus Exhaust & Brake — 3604 W 159th St, Markham, IL 60428
FAQs
What type of property is this?
Auto shop - 5,400-square-foot used car dealership with offices, two bathrooms, and four car lifts plus multiple garage doors.
Where is this auto shop located?
The property is located at 2920 159th Street Markham, IL.
What is the asking price?
The asking price for this property is $949,500.
What are key features of this property?
This property features: 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).
