Auto Repair Shop with Service
For Sale
$875,000
450 W 34th St, Steger, IL 60475
Corner commercial property includes a waiting room, offices, equipment, and a large vehicle storage lot.
Property Size3,528 SF
Lot Size0.80 Acres
Price / SF$248.02
Days on Market87
Property Features for 450 W 34th St
General Information
Standard status
Active
Size
3,528 SF
Lot size
0.80 Acres
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Traffic Count
8,850 vehicles/day
Building Details
Buildings
1
Listing Agency:
Infiniti Properties, Inc.
Listed By:
Ned Malley · License #471007341
(708) 859-7846
Source:
Bktchicago
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 7 at 5:13PM
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 Infiniti Properties, Inc.
Investment Insights
Based on property information with market context.
This auto shop includes a 3,528-square-foot building with a 58-by-44-foot service area, two 12-foot overhead doors, and a 28-by-25-foot waiting room with offices. Existing trade fixtures and equipment are included with the business, real estate, and land. The site supports both automotive operations and potential commercial redevelopment.
Positioned on a corner in unincorporated Steger in Will County, the property has 35,000 square feet of land and an IDOT-reported average daily traffic count of 8,850 vehicles. The lot can accommodate over 100 cars, providing substantial on-site vehicle capacity for dealership, repair, or related commercial use.
Positioned on a corner in unincorporated Steger in Will County, the property has 35,000 square feet of land and an IDOT-reported average daily traffic count of 8,850 vehicles. The lot can accommodate over 100 cars, providing substantial on-site vehicle capacity for dealership, repair, or related commercial use.
Key Highlights
- 3,528‑square‑foot building on a 35,000‑square‑foot lot
- 58x44 shop with two 12‑foot overhead doors
- 28x25 waiting room with offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,969
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,380
$979.4K
Cap Rate 7%
$699,557
$699.6K
Cap Rate 9%
$544,100
$544.1K
Market Conditions
NOI Build-Up for 3,528 SF
Gross rent
$76.2K $21.60/SF
− Vacancy
−$6.2K −$1.77/SF
EGI
$70.0K $19.83/SF
− OpEx
−$21.0K −$5.95/SF
NOI
$49.0K $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%
$979,380
Cap Rate 7%
$699,557
Cap Rate 9%
$544,100
Alternative Uses
Best Use
Retail
$699.6K
$612.1K – $816.2K
NOI $48,969 @ 7.0% cap · market cap 5.60%
Second Best
Industrial
$217.0K
$189.8K – $253.1K
NOI $15,187 @ 7.0% cap · market cap 1.74%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,264 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
8,850 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
6,075 visits/mo
0.1 miles
Pantry
Shops & Services
734 visits/mo
0.1 miles
Demographics for 60475, IL
9,969
Population
4,790
Households
2.1
Avg Household Size
38
Median Age
16%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
2,077
Density / Sq Mi
$61,222
Median Household Income
$38,837
Median Earnings
$1,032
Median Rent
$137,200
Median Home Value
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
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Frequently Asked Questions
What type of property is this?
Auto shop - Corner commercial property includes a waiting room, offices, equipment, and a large vehicle storage lot.
Where is this auto shop located?
The property is located at 450 W 34th St Steger, IL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 3,528‑square‑foot building on a 35,000‑square‑foot lot; 58x44 shop with two 12‑foot overhead doors; 28x25 waiting room with offices
