Freestanding Single-Tenant Retail
For Sale
Contact for pricing
3331 Chicago Rd, South Chicago Heights, IL
Single-tenant net lease property with long-term operating history.
Property Size6,767 SF
Lot Size0.83 Acres
Price / SF$212.43
Days on Market361
Property Features for 3331 Chicago Rd
General Information
Standard status
Active
Size
6,767 SF
Lot size
0.83 Acres
Property subtype
RETAIL
Listing Agency:
Colliers | Chicago Rosemont
(847) 698-8444
Listed By:
Scott Barrett
(847) 698-8209
Source:
Moodyscre
Added: Oct 10, 2025
Changed: Sep 5
Last Checked: Oct 4 at 7:36AM
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 Colliers | Chicago Rosemont
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a freestanding single-tenant Advance Auto location. The property is a 6,767 square foot building. The building is modified NNN with Landlord responsible for structure. The lease terms range from 4.4 to 8.4 years with three - 5 year options. Advance Auto is one of the leading brands in auto-maintenance and repair. Advance Auto has an investment grade credit rating of BB+ from S&P and Ba1 from Moody’s. The subject property has an established presence and has successfully operated at this location between 20-22 years. The site was developed for Advance Auto between 2004-2006.
Key Highlights
- Investment grade credit rating (BB+ S&P, Ba1 Moody’s) corporate guarantee from Advance Auto.
- Recession‑proof single‑tenant net lease property with a long operating history.
- Established presence with successful operation at each location for 20‑22 years.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,927
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,878,540
$1.9M
Cap Rate 7%
$1,341,814
$1.3M
Cap Rate 9%
$1,043,633
$1.0M
Market Conditions
NOI Build-Up for 6,767 SF
Gross rent
$146.2K $21.60/SF
− Vacancy
−$12.0K −$1.77/SF
EGI
$134.2K $19.83/SF
− OpEx
−$40.3K −$5.95/SF
NOI
$93.9K $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%
$1,878,540
Cap Rate 7%
$1,341,814
Cap Rate 9%
$1,043,633
Alternative Uses
Best Use
Retail
$1.34M
$1.17M – $1.57M
NOI $93,927 @ 7.0% cap · market cap 6.53%
Second Best
Industrial
$416.1K
$364.1K – $485.5K
NOI $29,130 @ 7.0% cap · market cap 2.03%
Theoretical Best
Office A
$2.34M
$2.04M – $2.73M
NOI $163,544 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BMO Harris Bank
Shops & Services
2,611 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
2,556 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ideal Tire & Auto Repair of Chicago Heights Inc — 2300 Chicago Rd, Chicago Heights, IL 60411
- Amigo's Tire and Repair inc. — 2417 Chicago Rd, Chicago Heights, IL 60411
- New World Auto, Inc. — 2015 Chicago Rd suite b, Chicago Heights, IL 60411
- D & D Wholesale Autobody Inc — 2100 S Halsted St, Chicago Heights, IL 60411
- Hughes 1 Towing — 2108 S Halsted St, Chicago Heights, IL 60411
Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant net lease property with long-term operating history.
Where is this auto shop located?
The property is located at 3331 Chicago Rd South Chicago Heights, IL.
What is the asking price?
The asking price for this property is $1,437,500.
What are key features of this property?
This property features: Investment grade credit rating (BB+ S&P, Ba1 Moody’s) corporate guarantee from Advance Auto.; Recession‑proof single‑tenant net lease property with a long operating history.; Established presence with successful operation at each location for 20‑22 years.
