Auto Shop with Paint
New
For Sale
$375,000
4686 E 29th Road, Sandwich, IL 60548
Versatile auto shop with showroom, fabrication space, service area, office, and customer-support areas.
Property Size3,600 SF
Lot Size0.49 Acres
Price / SF$104.17
Days on Market2
Property Features for 4686 E 29th Road
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
10
Lot size
0.49 Acres
Property subtype
Commercial
Zoning
COMMR
Additional Details
Road Access
Yes
Office Build-Out
130 SF
Taxes and HOA fees
Annual Taxes
$1,797
Amenities
paint booth
fabrication room
service area
break room
office
parts room
showroom/retail area
alarm system
new metal roof
new windows
new insulation
new cement drive
furnace and A/C
new laminate floors
Building Details
Year Built
1977
Buildings
1
Stories
1
Units
1
Building Size
3,600 SF
Abandoned
No
Listing Agency:
Southwest Real Estate
(630) 553-1412
Listed By:
Lorne Haff-Delancy · License #471015634
(630) 553-1412
Source:
Gia-sells
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 4:17AM
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 Southwest Real Estate
Investment Insights
Based on property information with market context.
This 3,600-square-foot auto shop occupies 0.49 acres and is currently operating as a custom motorcycle shop. The building includes a 22-by-12 paint booth, 22-by-18 fabrication room, 40-by-22 service area, 32-by-25 showroom and retail area, parts room, office, and 13-by-14 break room. The parts room has new laminate flooring. A cement drive, approximately 10 parking spaces, and a large commercial layout support ongoing automotive operations.
Building improvements include a new metal roof on the front section, windows replaced in 2010, new insulation in the front section, and HVAC equipment installed within the past several years. The property is located at 4686 E 29th Road in Sandwich, approximately one mile outside the city limits on a main road. Built in 1977, the property is offered as the building only.
Building improvements include a new metal roof on the front section, windows replaced in 2010, new insulation in the front section, and HVAC equipment installed within the past several years. The property is located at 4686 E 29th Road in Sandwich, approximately one mile outside the city limits on a main road. Built in 1977, the property is offered as the building only.
Key Highlights
- 3,600 SF building on 0.49 acres
- 22‑by‑12 paint booth and 22‑by‑18 fabrication room
- 40‑by‑22 service area plus 32‑by‑25 showroom/retail area
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
$15,497
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
4.13%
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%
$309,940
$309.9K
Cap Rate 7%
$221,386
$221.4K
Cap Rate 9%
$172,189
$172.2K
Market Conditions
NOI Build-Up for 3,600 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
$23.3K $6.48/SF
− Vacancy
−$1.2K −$0.33/SF
EGI
$22.1K $6.15/SF
− OpEx
−$6.6K −$1.84/SF
NOI
$15.5K $4.30/SF
Area
DeKalb 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%
$309,940
Cap Rate 7%
$221,386
Cap Rate 9%
$172,189
Alternative Uses
Best Use
Retail
$713.8K
$624.6K – $832.8K
NOI $49,969 @ 7.0% cap · market cap 13.33%
Second Best
Flex RnD
$541.5K
$473.9K – $631.8K
NOI $37,908 @ 7.0% cap · market cap 10.11%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,004 @ 7.0% cap · market cap 23.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60548, IL
12,019
Population
4,649
Households
2.6
Avg Household Size
43
Median Age
21%
College-Educated
93%
High-School Grad
41.4 sq mi
ZIP Area
290
Density / Sq Mi
$83,774
Median Household Income
$40,072
Median Earnings
$1,046
Median Rent
$240,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Black Magic Customs Inc — 4686 E 29th Rd, Sandwich, IL 60548
- Todd's Southtown Auto Repair — 4688 E 29th Rd, Sandwich, IL 60548
- Todd's Towing & Recovery — 4688 e 29th rd, sandwich, il 60548
Frequently Asked Questions
What type of property is this?
Auto shop - Versatile auto shop with showroom, fabrication space, service area, office, and customer-support areas.
Where is this auto shop located?
The property is located at 4686 E 29th Road Sandwich, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,600 SF building on 0.49 acres; 22‑by‑12 paint booth and 22‑by‑18 fabrication room; 40‑by‑22 service area plus 32‑by‑25 showroom/retail area
