Retail Storefront with Lease
For Sale
$1,958,000
4625 S Pulaski Rd, Chicago, IL 60632
Retail storefront offered for sale featuring a recent 5-year lease extension and 767,000+ people within 5 miles.
Property Size6,974 SF
Price / SF$280.76
Days on Market111
Property Features for 4625 S Pulaski Rd
General Information
Standard status
Active
Size
6,974 SF
Property subtype
Auto Parts
Lease Type
NN
Additional Details
Business Included
Yes
Amenities
Corporate Guaranty (NYSE: AAP)
Durable Brand with Nearly 100-Year Operating History
Recent Five-Year Lease Extension with 20 Plus Year Operating History
Over $1,419,000,000 Spent on Transportation & Maintenance in a Five-Mile Radius
Chicago – Third Largest City in the United States
Building Details
Building Size
6,974 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - Chicago Oak Brook
Listed By:
Dominic Sulo · License #License(s): IL: 475.134920
(630) 570-2171
Source:
Marcusmillichap
Added: May 16
Changed: Sep 3
Last Checked: Sep 2 at 1:26PM
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
Investment Insights
Based on property information with market context.
Offered for sale, this retail storefront features a recent 5-year lease extension and totals approximately 6,974 square feet. The public remarks reference NYSE: AAP.
The property is located at 4625 South Pulaski Road in Chicago, Illinois 60632. For area context, the listing notes 767,000+ people within 5 miles.
The property is located at 4625 South Pulaski Road in Chicago, Illinois 60632. For area context, the listing notes 767,000+ people within 5 miles.
Key Highlights
- Year built: 2004
- Recent 5‑year lease extension
- 767,000+ people within 5 miles
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
$75,043
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
3.83%
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%
$1,500,860
$1.5M
Cap Rate 7%
$1,072,043
$1.1M
Cap Rate 9%
$833,811
$833.8K
Market Conditions
NOI Build-Up for 6,974 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
$117.2K $16.80/SF
− Vacancy
−$10.0K −$1.43/SF
EGI
$107.2K $15.37/SF
− OpEx
−$32.2K −$4.61/SF
NOI
$75.0K $10.76/SF
Area
ZIP 60632
Vacancy
8.50%
Lease Rate
$16.80 /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%
$1,500,860
Cap Rate 7%
$1,072,043
Cap Rate 9%
$833,811
Alternative Uses
Best Use
Retail
$1.07M
$938.0K – $1.25M
NOI $75,043 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.07M
$2.69M – $3.58M
NOI $214,830 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Explore this area
Business Placement
Demographics for 60632, IL
92,237
Population
28,860
Households
3.2
Avg Household Size
33
Median Age
13%
College-Educated
69%
High-School Grad
7.4 sq mi
ZIP Area
12,464
Density / Sq Mi
$60,576
Median Household Income
$35,203
Median Earnings
$1,057
Median Rent
$240,600
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail storefront offered for sale featuring a recent 5-year lease extension and 767,000+ people within 5 miles.
Where is this retail space located?
The property is located at 4625 S Pulaski Rd Chicago, IL.
What is the asking price?
The asking price for this property is $1,958,000.
What are key features of this property?
This property features: Year built: 2004; Recent 5‑year lease extension; 767,000+ people within 5 miles
