Single-Story Automotive Service
4427 N Elston Ave., Chicago, IL 60630
For Sale
Contact for pricing
A leased service facility features a clear-span work area, customer waiting space, and street-level vehicle access.
Property Size6,250 SF
Price / SF$143.84
Days on Market33
Property Features for 4427 N Elston Ave.
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Road Access
Tenancy & Operations
Tenant in Place
Real Estate Included
Additional Details
Automotive Uses
Amenities
customer waiting area
service-counter office
parts storage
restroom
utility rooms
skylight monitor
glass-block storefront windows
overhead drive-in door
Building Details
Buildings
Stories
Construction
Tenancy
Listing Agency:
Compass
Listed By:
Mike Wolson · License IL 475.168.248
(773) 482-1917
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 8 at 3:25PM
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 Compass
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Investment Insights
Based on property information with market context.
This 6,250 SF automotive service property is a single-story masonry building occupying its full lot. The shop floor has a clear-span layout beneath a timber-truss roof, with a central skylight bringing daylight into the work area. A drive-in door opens from Elston Avenue, while the front section includes a customer waiting area and service-counter office. Parts storage, a restroom, and utility rooms are arranged around the shop perimeter.
The building is on Elston Avenue in Chicago’s North Mayfair neighborhood, along a corridor connected to I-90/94. CTA Blue Line service at Montrose and Metra Milwaukee District North Line service at Mayfair are nearby. Residential areas cited around the property include Mayfair, Old Irving Park, Albany Park, and Irving Park.
The property is leased through May 2027, with a five-year renewal option and 3% annual increases. The tenant covers real estate taxes, CAM, insurance, utilities, and nearly all maintenance; the landlord remains responsible for the roof, structural columns, and foundation.
The building is on Elston Avenue in Chicago’s North Mayfair neighborhood, along a corridor connected to I-90/94. CTA Blue Line service at Montrose and Metra Milwaukee District North Line service at Mayfair are nearby. Residential areas cited around the property include Mayfair, Old Irving Park, Albany Park, and Irving Park.
The property is leased through May 2027, with a five-year renewal option and 3% annual increases. The tenant covers real estate taxes, CAM, insurance, utilities, and nearly all maintenance; the landlord remains responsible for the roof, structural columns, and foundation.
Key Highlights
- 6,250 SF single‑story masonry automotive service building
- Leased through May 2027, with a five‑year renewal option and 3% annual increases
- Clear‑span service floor beneath a bowstring timber‑truss roof and central skylight
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,193
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,860
$783.9K
Cap Rate 7%
$559,900
$559.9K
Cap Rate 9%
$435,478
$435.5K
Market Conditions
NOI Build-Up for 6,250 SF
Gross rent
$58.9K $9.43/SF
− Vacancy
−$2.9K −$0.47/SF
EGI
$56.0K $8.96/SF
− OpEx
−$16.8K −$2.69/SF
NOI
$39.2K $6.27/SF
Area
Chicago, IL
Vacancy
5.00%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,860
Cap Rate 7%
$559,900
Cap Rate 9%
$435,478
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.44M
NOI $86,468 @ 7.0% cap · market cap 9.62%
Second Best
Industrial
$559.9K
$489.9K – $653.2K
NOI $39,193 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,280 @ 7.0% cap · market cap 22.95%
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
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,449
Businesses Nearby
75k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 24%
Apparel 5%
Beauty & Spa 3%
Dollar Tree
Shops & Services
18,539 visits/mo
0.3 miles
Wendy's
Dining
15,143 visits/mo
0.2 miles
BP
Shops & Services
13,204 visits/mo
0.2 miles
7-Eleven
Shops & Services
8,070 visits/mo
0.1 miles
AutoZone
Shops & Services
5,043 visits/mo
0.2 miles
Demographics for 60630, IL
54,064
Population
23,393
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
11,503
Density / Sq Mi
$97,134
Median Household Income
$54,576
Median Earnings
$1,357
Median Rent
$362,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Chicago, IL
Properties on Market for Auto shops in Chicago
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- Four Star Automania — 3914 N Milwaukee Ave, Chicago, IL 60641
- American & Foreign Car Services — 3866 N Elston Ave, Chicago, IL 60618
- Berman Subaru of Chicago Service — 4330 W Irving Park Rd, Chicago, IL 60641
- Service — Chicago, IL 60641, United States
- Midas — 4216 W Irving Park Rd, Chicago, IL 60641
Frequently Asked Questions
What type of property is this?
Auto shop - A leased service facility features a clear-span work area, customer waiting space, and street-level vehicle access.
Where is this auto shop located?
The property is located at 4427 N Elston Ave. Chicago, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 6,250 SF single‑story masonry automotive service building; Leased through May 2027, with a five‑year renewal option and 3% annual increases; Clear‑span service floor beneath a bowstring timber‑truss roof and central skylight
