Turnkey Auto Repair and Tire
For Sale
Contact for pricing
3349 E End Ave, South Chicago Heights, IL 60411
Fully operational auto repair and tire facility with drive-in service bays, offices, and fenced outdoor storage.
Property Size10,600 SF
Price / SF$73.11
Days on Market65
Property Features for 3349 E End Ave
General Information
Standard status
Active
Size
10,600 SF
Property subtype
Retail, Industrial, Business for Sale
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
5
Additional Details
Business Included
Yes
Fenced Yard
Yes
Service Bays
5
Listing Agency:
Coldwell Banker Commercial
(708) 612-2782
Listed By:
Mark Wright · License #475.182410
Source:
Crexi
Added: Jun 4
Changed: Jul 10
Last Checked: Aug 7 at 7:52AM
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 Coldwell Banker Commercial
Investment Insights
Based on property information with market context.
This fully operational auto repair and tire facility totals 10,600 SF and is being offered as a turnkey package. The building includes five (5) drive-in service bays with 16-foot ceilings, along with a dedicated office/front area and ample storage, including additional loft storage for parts and inventory. The property also features a fenced outdoor storage yard, supporting vehicle and equipment staging. On-site equipment included with the sale comprises existing auto lifts, wheel alignment and balancing equipment, and the offering notes on-site inventory and established service accounts.
The property is located at 3349 E End Ave, South Chicago Heights, IL 60411, and is available for purchase due to the owner’s retirement. The layout is described as divisible into two units, which can support multi-tenant flexibility or an owner-operated setup with an additional space for supplemental use. Vehicle access is supported by the five drive-in service bays.
For an automotive service operator or tire-focused business, the combination of drive-in bays, dedicated office/front space, and included service equipment is designed to support an immediately functional operation. The fenced storage yard and storage capacity also align with fleet service, parts handling, and ongoing inventory needs. Investors may consider the two-unit divisibility for alternative occupancy strategies while acquiring a working facility with in-place components such as lifts, alignment equipment, and established service accounts.
The property is located at 3349 E End Ave, South Chicago Heights, IL 60411, and is available for purchase due to the owner’s retirement. The layout is described as divisible into two units, which can support multi-tenant flexibility or an owner-operated setup with an additional space for supplemental use. Vehicle access is supported by the five drive-in service bays.
For an automotive service operator or tire-focused business, the combination of drive-in bays, dedicated office/front space, and included service equipment is designed to support an immediately functional operation. The fenced storage yard and storage capacity also align with fleet service, parts handling, and ongoing inventory needs. Investors may consider the two-unit divisibility for alternative occupancy strategies while acquiring a working facility with in-place components such as lifts, alignment equipment, and established service accounts.
Key Highlights
- Fully operational 10,600 SF auto repair and tire facility available due to owner's retirement
- Five (5) drive‑in service bays with 16 ft high ceilings
- 1,000 SF dedicated office/front area plus additional loft storage for parts and inventory
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,629
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$912,580
$912.6K
Cap Rate 7%
$651,843
$651.8K
Cap Rate 9%
$506,989
$507.0K
Market Conditions
NOI Build-Up for 10,600 SF
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.
Gross rent
$68.7K $6.48/SF
− Vacancy
−$3.5K −$0.33/SF
EGI
$65.2K $6.15/SF
− OpEx
−$19.6K −$1.84/SF
NOI
$45.6K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$912,580
Cap Rate 7%
$651,843
Cap Rate 9%
$506,989
Alternative Uses
Best Use
Retail
$2.10M
$1.84M – $2.45M
NOI $147,130 @ 7.0% cap · market cap 18.98%
Second Best
Industrial
$651.8K
$570.4K – $760.5K
NOI $45,629 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $256,179 @ 7.0% cap · market cap 33.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
5
Drive-in doors
5
Service bays
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
175k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Groceries 33%
Dining 32%
Electronics 1%
Jewel-Osco
Groceries
46,894 visits/mo
0.4 miles
McDonald's
Dining
28,519 visits/mo
0.4 miles
Dollar Tree
Shops & Services
15,916 visits/mo
0.4 miles
Save-A-Lot
Groceries
10,598 visits/mo
0.4 miles
Burger King
Dining
8,711 visits/mo
0.3 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- ProTech Auto Repair & Body — 26 E 34th Pl, Steger, IL 60475
- 2005 Dodge Neon SXT 4dr Sedan — 3420 Chicago Rd, Steger, IL 60475
- Built to Save Mobile Auto Repair LLC — 3414 Hopkins St, Steger, IL 60475
- Top notch muffler and brakes — 3306 Union Ave, Steger, IL 60475
- RPM's Auto Service Inc. — 34 E 34th Pl, Steger, IL 60475
Frequently Asked Questions
What type of property is this?
Auto shop - Fully operational auto repair and tire facility with drive-in service bays, offices, and fenced outdoor storage.
Where is this auto shop located?
The property is located at 3349 E End Ave South Chicago Heights, IL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Fully operational 10,600 SF auto repair and tire facility available due to owner's retirement; Five (5) drive‑in service bays with 16 ft high ceilings; 1,000 SF dedicated office/front area plus additional loft storage for parts and inventory
