Auto Shop With Oversized
New
For Sale
$450,000
3050 S Christiana Avenue, Chicago, IL 60623
A service-oriented layout includes office space, storage, three restrooms, and multiple vehicle bays.
Property Size4,125 SF
Price / SF$109.09
Days on Market3
Property Features for 3050 S Christiana Avenue
General Information
Standard status
Active
Size
4,125 SF
Property subtype
Commercial
Zoning
COMMR
Site & Location
Neighborhood
South Lawndale
Road Access
Yes
Utilities to Site
Yes
Additional Details
Automotive Uses
auto repair
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$12,293
Amenities
newer roof
oversized 16' overhead doors
dedicated office space
3 restrooms
storage
bright interior lighting
substantial interior workspace
Building Details
Building Size
4,125 SF
Year Built
1961
Buildings
1
Stories
1
Listing Agency:
Realty of America, LLC
Listed By:
Bianey Soto · License #475197542
(708) 788-1900
Source:
Amberrealty
Added: Nov 2
Last Checked: Nov 3 at 5:55AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,125-square-foot auto shop was built in 1961 and is arranged for automotive or service operations, with multiple bays and generous interior work area. Oversized 16-foot overhead doors support vehicle access. The building also has dedicated office space, storage, three restrooms, bright interior lighting, a newer roof, and newer three-phase electrical service.
Located at 3050 S Christiana Avenue in Chicago, the property has access to 31st Street and Kedzie Avenue, with CTA service nearby. Zoning information in the property record is inconsistent, so no zoning designation is stated here.
Located at 3050 S Christiana Avenue in Chicago, the property has access to 31st Street and Kedzie Avenue, with CTA service nearby. Zoning information in the property record is inconsistent, so no zoning designation is stated here.
Key Highlights
- 4,125‑square‑foot automotive building
- Multiple 16' overhead doors
- Newer roof and newer 3‑phase electrical
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,868
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,360
$517.4K
Cap Rate 7%
$369,543
$369.5K
Cap Rate 9%
$287,422
$287.4K
Market Conditions
NOI Build-Up for 4,125 SF
Gross rent
$38.9K $9.43/SF
− Vacancy
−$1.9K −$0.47/SF
EGI
$37.0K $8.96/SF
− OpEx
−$11.1K −$2.69/SF
NOI
$25.9K $6.27/SF
Area
Chicago, IL
Vacancy
5.00%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,360
Cap Rate 7%
$369,543
Cap Rate 9%
$287,422
Alternative Uses
Best Use
Retail
$815.3K
$713.4K – $951.2K
NOI $57,069 @ 7.0% cap · market cap 12.68%
Second Best
Industrial
$369.5K
$323.4K – $431.1K
NOI $25,868 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,145 @ 7.0% cap · market cap 30.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,113
Businesses Nearby
77k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 31%
McDonald's
Dining
36,596 visits/mo
0.5 miles
Taqueria Los Comales
Dining
16,744 visits/mo
0.5 miles
Shell
Shops & Services
15,532 visits/mo
0.5 miles
AutoZone
Shops & Services
7,962 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- Canton Tire Chicago — 3159 W 36th Pl, Chicago, IL 60632
- Quality Truck & Trailer Repair — 2940 W 36th St, Chicago, IL 60632
- Glass For You Corp — 3549 S California Ave, Chicago, IL 60632
- Big Rig Oil Pros,inc — 3451 S California Ave, Chicago, IL 60608
- Prime Auto Repair — 3258 S Lawndale Ave, Chicago, IL 60623
Frequently Asked Questions
What type of property is this?
Auto shop - A service-oriented layout includes office space, storage, three restrooms, and multiple vehicle bays.
Where is this auto shop located?
The property is located at 3050 S Christiana Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4,125‑square‑foot automotive building; Multiple 16' overhead doors; Newer roof and newer 3‑phase electrical
