3100 W Montrose Avenue, Chicago, IL 60618
For Sale
Contact for pricing
Auto shops
Property Size4,800 SF
Lot Size0.17 Acres
Price / SF$249.79
Days on Market867
Property Features for 3100 W Montrose Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Stories
Listing Agency:
CENTURY 21 Circle
Listed By:
Mark Ahmad · License IL #471007186
(312) 513-4490
Source:
Crexi
Added: Jun 27, 2024
Changed: Nov 6
Last Checked: Nov 8 at 9:13AM
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 CENTURY 21 Circle
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.
Key Highlights
- Prime location at the intersection of Kedzie Ave. and Montrose Ave. with high business corridor and pedestrian traffic.
- Substantial property size: Approximately 7,300 sq. ft. of land with a 4,800 sq. ft. building.
- Includes 3 city business licenses: Mechanical repairs, Auto parts sales, and Car sale lot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,514
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,280
$1.4M
Cap Rate 7%
$964,486
$964.5K
Cap Rate 9%
$750,156
$750.2K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$105.4K $21.96/SF
− Vacancy
−$9.0K −$1.87/SF
EGI
$96.4K $20.09/SF
− OpEx
−$28.9K −$6.03/SF
NOI
$67.5K $14.07/SF
Area
ZIP 60618
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,280
Cap Rate 7%
$964,486
Cap Rate 9%
$750,156
Alternative Uses
Best Use
Retail
$964.5K
$843.9K – $1.13M
NOI $67,514 @ 7.0% cap · market cap 5.63%
Second Best
Industrial
$292.1K
$255.6K – $340.8K
NOI $20,445 @ 7.0% cap · market cap 1.71%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,805 @ 7.0% cap · market cap 12.24%
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
Location Intelligence
Trade Area within ½ mile
2,479
Businesses Nearby
38k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Shops & Services 16%
Home Improvements & Furnishings 3%
McDonald's
Dining
28,743 visits/mo
0.3 miles
7-Eleven
Shops & Services
4,380 visits/mo
0.2 miles
Pantry
Shops & Services
1,813 visits/mo
0.4 miles
Golden Krust Caribbean Bakery and Grill
Dining
1,772 visits/mo
0.4 miles
Jays True Value
Home Improvements & Furnishings
1,216 visits/mo
0.4 miles
Demographics for 60618, IL
90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Chicago, IL
Properties on Market for Auto shops in Chicago
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- American & Foreign Car Services — 3866 N Elston Ave, Chicago, IL 60618
- Autohause Motor Werks Ltd — 3801 N Elston Ave, Chicago, IL 60618
- Prompt Electric Motors — 3841 N Kedzie Ave, Chicago, IL 60618
- B&L Automotive Repairs, Inc. — 3830 N Kedzie Ave, Chicago, IL 60618
- Kedzie Cash Junk Cars LLC — 3825 N Kedzie Ave, Chicago, IL 60618
Frequently Asked Questions
Where is this auto shop located?
The property is located at 3100 W Montrose Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Prime location at the intersection of Kedzie Ave. and Montrose Ave. with high business corridor and pedestrian traffic.; Substantial property size: Approximately 7,300 sq. ft. of land with a 4,800 sq. ft. building.; Includes 3 city business licenses: Mechanical repairs, Auto parts sales, and Car sale lot.
