Turnkey Auto Shop
332 E 159th St, Dixmoor, IL 60426
For Sale
$900,000
Pending
Well-maintained 7-bay auto shop on high-traffic street.
Property Size5,000 SF
Days on Market841
Property Features for 332 E 159th St
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Trelleum LLC
Listed By:
Theresa Mueller · License #471006935
(630) 715-9999
Source:
Exprealty
Added: Jul 19, 2024
Changed: Oct 26
Last Checked: Nov 6 at 11:19AM
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 Trelleum 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 is an opportunity to acquire a well-maintained 5,000 square foot auto shop. The property features seven bays, including one bay suitable for large vehicle repair. The business has been successfully operated by the same owner for over 30 years and presents growth potential. Located on a high-traffic section of 159th Street, east of the tollway, the property is suitable for automotive-related businesses.
Key Highlights
- Highly successful, turnkey automotive business with real estate included.
- Prime location on high‑traffic 159th Street, east of the tollway.
- Well‑maintained 5000 SF building with 7 bays, including one for large vehicle repair.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,401
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,020
$1.4M
Cap Rate 7%
$991,443
$991.4K
Cap Rate 9%
$771,122
$771.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$108.0K $21.60/SF
− Vacancy
−$8.9K −$1.77/SF
EGI
$99.1K $19.83/SF
− OpEx
−$29.7K −$5.95/SF
NOI
$69.4K $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%
$1,388,020
Cap Rate 7%
$991,443
Cap Rate 9%
$771,122
Alternative Uses
Best Use
Retail
$991.4K
$867.5K – $1.16M
NOI $69,401 @ 7.0% cap · market cap 7.71%
Second Best
Industrial
$307.5K
$269.0K – $358.7K
NOI $21,523 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,839 @ 7.0% cap · market cap 13.43%
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
512
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60426, IL
24,114
Population
10,870
Households
2.2
Avg Household Size
37
Median Age
10%
College-Educated
77%
High-School Grad
7.7 sq mi
ZIP Area
3,132
Density / Sq Mi
$40,995
Median Household Income
$29,712
Median Earnings
$987
Median Rent
$88,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Cook County, IL
Properties on Market for Auto shops in Cook County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- TMI Towing - Cash For Junk Cars — 16325 S Halsted St, Harvey, IL 60426
- Vargas Mufflers Brakes — 16324 Halsted St, Harvey, IL 60426
- Larry's Automotive School of Technology Repair Shop — 16360A Halsted St, Harvey, IL 60426
- T18 Plus LLC — 16647 Vincennes Ave, South Holland, IL 60473
- K S TRUCK REPAIR — 16650 Vincennes Ave, South Holland, IL 60473
Frequently Asked Questions
What type of property is this?
Auto shop - Well-maintained 7-bay auto shop on high-traffic street.
Where is this auto shop located?
The property is located at 332 E 159th St Dixmoor, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Highly successful, turnkey automotive business with real estate included.; Prime location on high‑traffic 159th Street, east of the tollway.; Well‑maintained 5000 SF building with 7 bays, including one for large vehicle repair.
