Building Details

Building Size 2,221 SF

Year Built 2012

Listing Agency: Century 21 Circle

Listed By: Mark Ahmad · License #471007186 Show Phone

Source: Dawnmckennagroup

Added: Sep 10 Changed: Oct 26 Last Checked: Oct 28 at 6:15PM

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Investment Insights

Based on property information with market context.

This automotive repair property includes the real estate and operating equipment for a general automotive service business. The facility has three service bays, three lifts, and three drive-in doors, supporting vehicle intake and repair operations. Built in 2012, the building is positioned for continued automotive use within an established commercial and business district.

The property is located at 3212 S Harlem Avenue in Riverside, Illinois, among retail, service, professional, and residential surroundings. Regional access includes I-55, I-294, I-290, and I-88. The site is also near the Harlem Avenue Metra station and approximately 5 miles from Chicago Midway International Airport, connecting the property with surrounding communities and the broader Chicago metropolitan area.

Key Highlights

• Three‑bay automotive repair facility with three lifts
• Three drive‑in doors for vehicle access
• Operating business equipment included with the real estate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,828

Cap Rate

3.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$616,560 $616.6K

Cap Rate 7%

$440,400 $440.4K

Cap Rate 9%

$342,533 $342.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,221 SF

Gross rent

$48.0K $21.60/SF

− Vacancy

−$3.9K −$1.77/SF

EGI

$44.0K $19.83/SF

− OpEx

−$13.2K −$5.95/SF

NOI

$30.8K $13.88/SF

Area

Cook County, IL

Vacancy

8.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$616,560

Cap Rate 7%

$440,400

Cap Rate 9%

$342,533

Alternative Uses

Best Use

Retail

$440.4K

$385.4K – $513.8K (±1% cap)

NOI $30,828 @ 7.0% cap · market cap 3.86%

Second Best

Industrial

$136.6K

$119.5K – $159.4K (±1% cap)

NOI $9,561 @ 7.0% cap · market cap 1.20%

Theoretical Best

Office A

$766.8K

$671.0K – $894.6K (±1% cap)

NOI $53,677 @ 7.0% cap · market cap 6.72%

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

Riverside Car Care Auto Repair Shop

Suggested Use

Top Pick Parking Lot & Garage Computer & Electronic Repair Travel Agency Big Box & Wholesale Store Nursing Home Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Service bays

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

1,679

Businesses Nearby

19k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 47% Dining 41% Home Improvements & Furnishings 13%

ARCO Shops & Services

8,686 visits/mo 0.2 miles

Dunkin' Donuts Dining

7,562 visits/mo 0.4 miles

Sherwin-Williams Paint Store Home Improvements & Furnishings

2,359 visits/mo 0.1 miles

Demographics for 60546, IL

16,819

Population

6,913

Households

2.4

Avg Household Size

42

Median Age

57%

College-Educated

96%

High-School Grad

4.0 sq mi

ZIP Area

4,205

Density / Sq Mi

$109,933

Median Household Income

$66,445

Median Earnings

$1,331

Median Rent

$377,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar Off Market Nearby

• Berwyn Kia Service Center — 7050 Ogden Ave suite a, Berwyn, IL 60402
• Cassidy Tire and Service — 7000 Ogden Ave, Berwyn, IL 60402
• General Tire — Berwyn, IL 60402
• Automotive Repair Specialists — 6738 Ogden Ave, Berwyn, IL 60402
• Weimer Machine — 6738 Ogden Ave, Berwyn, IL 60402

Frequently Asked Questions

What type of property is this?

Auto shop - Established repair facility with service equipment, drive-in access, and a prominent commercial corridor setting.

Where is this auto shop located?

The property is located at 3212 S Harlem Avenue Riverside, IL.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Three‑bay automotive repair facility with three lifts; Three drive‑in doors for vehicle access; Operating business equipment included with the real estate