Advance Auto Parts Retail
For Sale
Contact for pricing
3327 Chicago Road, South Chicago Heights, IL 60411
Constructed in 2003 and supported by a recently extended five-year lease.
Property Size6,781 SF
Price / SF$205.57
Days on Market163
Property Features for 3327 Chicago Road
General Information
Standard status
Active
Size
6,781 SF
Property subtype
Retail
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$115,000
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Marcus & Millichap - Chicago Oak Brook
Listed By:
Dominic Sulo · License #IL 475.134920
(630) 570-2200
Source:
Crexi
Added: May 7
Changed: Oct 4
Last Checked: Oct 16 at 6:39AM
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 Marcus & Millichap - Chicago Oak Brook
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 retail property at 3327 Chicago Road comprises 6,781 square feet and was built in 2003. The asset is associated with Advance Auto Parts and includes a recently extended five-year lease, providing an established retail occupancy profile.
The property is located in South Chicago Heights, Illinois, within the Chicago MSA. The surrounding five-mile area includes more than 121,000 people, and the site is positioned on Chicago Road.
The property is located in South Chicago Heights, Illinois, within the Chicago MSA. The surrounding five-mile area includes more than 121,000 people, and the site is positioned on Chicago Road.
Key Highlights
- 6,781 SF retail property at 3327 Chicago Road
- Advance Auto Parts occupancy
- Recent 5‑year lease extension
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,121
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,882,420
$1.9M
Cap Rate 7%
$1,344,586
$1.3M
Cap Rate 9%
$1,045,789
$1.0M
Market Conditions
NOI Build-Up for 6,781 SF
Gross rent
$146.5K $21.60/SF
− Vacancy
−$12.0K −$1.77/SF
EGI
$134.5K $19.83/SF
− OpEx
−$40.3K −$5.95/SF
NOI
$94.1K $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%
$1,882,420
Cap Rate 7%
$1,344,586
Cap Rate 9%
$1,045,789
Alternative Uses
Best Use
Retail
$1.34M
$1.18M – $1.57M
NOI $94,121 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,882 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
170k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 34%
Dining 33%
Shops & Services 32%
Electronics 1%
Jewel-Osco
Groceries
46,894 visits/mo
0.2 miles
McDonald's
Dining
28,519 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,916 visits/mo
0.0 miles
Save-A-Lot
Groceries
10,598 visits/mo
0.1 miles
Burger King
Dining
8,711 visits/mo
0.1 miles
Demographics for 60411, IL
53,515
Population
21,382
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
30.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$56,627
Median Household Income
$35,995
Median Earnings
$1,156
Median Rent
$148,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Constructed in 2003 and supported by a recently extended five-year lease.
Where is this retail space located?
The property is located at 3327 Chicago Road South Chicago Heights, IL.
What is the asking price?
The asking price for this property is $1,394,000.
What are key features of this property?
This property features: 6,781 SF retail property at 3327 Chicago Road; Advance Auto Parts occupancy; Recent 5‑year lease extension
