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    Turnkey Auto Shop Opportunity Title is generated by Realmo AI

    332 E 159th Street, Harvey, IL 60426

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    For Sale
    $900,000

    Well-maintained 5000 SF auto shop on high-traffic street.

    Property size:
    5,000 SF
    Price / SF:
    $180/SF
    Added:
    Jul 17, 2024
    Days on Market:
    687
    Last Refresh:
    May 12 at 9:20 pm

    Property Features for 332 E 159th Street

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Property subtype
    Other

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    Listing Contact
    Theresa Mueller

    Listing agent Theresa Mueller

    Listing office Trelleum LLC

    Listing date Jul 17, 2024

    Source Xome

    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

    HighLights

    • Turnkey automotive business and real estate opportunity
    • High‑traffic location on 159th east of tollway
    • 7‑bay auto shop, including a bay for large vehicle repair
    • Well‑maintained 5000 SF building
    • Established business with same owner/operator for 30+ years
    • Central air conditioning

    Overview

    This is a 5000 SF auto shop opportunity situated on a high-traffic area. The well-maintained building features seven bays, including one bay suitable for large vehicle repair. The property has been under the same owner/operator for over 30 years and presents a turnkey business opportunity with growth potential. The property is suitable for automotive-related businesses.

    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 $108.0k $21.60
    − Vacancy −$8.9k −$1.77
    EGI $99.1k $19.83
    − OpEx −$29.7k −$5.95
    NOI $69.4k $13.88
    5,000 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $991.4K
    $867.5K – $1.16M (±1% cap)
    NOI $69,401 @ 7.0% cap · market cap 7.71%
    Second Best
    Industrial
    $307.5K
    $269.0K – $358.7K (±1% cap)
    NOI $21,523 @ 7.0% cap · market cap 2.39%
    Theoretical Best
    Office A
    $1.73M
    $1.51M – $2.01M (±1% cap)
    NOI $120,839 @ 7.0% cap · market cap 13.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    John's Arrow Transmission Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sparks Computerized Car Care harvey, il 60426
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    • TMI Towing - Cash For Junk Cars 16325 S Halsted St, Harvey, IL 60426
    • Larry's Automotive School of Technology Repair Shop 16360A Halsted St, Harvey, IL 60426
    • Vargas Mufflers Brakes 16324 Halsted St, Harvey, IL 60426

    Location Insight

    • Map
    • Local Demand
    City
    Harvey
    County
    Cook
    State
    Illinois
    Longitude
    -87.6374424
    Latitude
    41.6006128

    FAQs

    What type of property is this?
    Auto shop - Well-maintained 5000 SF auto shop on high-traffic street.
    Where is this auto shop located?
    The property is located at 332 E 159th Street Harvey, 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: Turnkey automotive business and real estate opportunity; High‑traffic location on 159th east of tollway; 7‑bay auto shop, including a bay for large vehicle repair
    More about this property
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