Turnkey Auto Repair
For Sale
Contact for pricing
Pending
4901 Ogden Ave, Cicero, IL 60804
Fully equipped auto repair facility with service bays, overhead doors, and office/reception space on a busy corridor.
Property Size5,390 SF
Lot Size0.12 Acres
Days on Market349
Property Features for 4901 Ogden Ave
General Information
Standard status
Pending
Size
5,390 SF
Lot size
0.12 Acres
Property subtype
Industrial, Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Pontarelli
Listed By:
Nicole Quattrocchi · License #IL 471.014953
Source:
Crexi
Added: Sep 24, 2025
Changed: Aug 16
Last Checked: Sep 7 at 12:29PM
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 Pontarelli
Investment Insights
Based on property information with market context.
This fully equipped auto repair facility is set up for day-to-day operations, featuring existing service bays and overhead doors, along with an office/reception area for customer service and support of on-site operations. The property includes on-site parking for staff and customers and sits on a 5,390 SF lot with approximately 3,356 SF of building area.
Located along busy Ogden Avenue in Cicero, the site benefits from high visibility and strong traffic counts on a major commercial corridor. It also offers easy access to I-55 and I-290, placing it in a dense trade area surrounded by active commercial development and other nearby business activity.
Located along busy Ogden Avenue in Cicero, the site benefits from high visibility and strong traffic counts on a major commercial corridor. It also offers easy access to I-55 and I-290, placing it in a dense trade area surrounded by active commercial development and other nearby business activity.
Key Highlights
- Fully equipped auto repair facility with existing bays and overhead doors
- Office/reception area for customer service and operations
- About 3,356 sq ft building on a 5,390 sq ft lot
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
$23,202
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
4.23%
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%
$464,040
$464.0K
Cap Rate 7%
$331,457
$331.5K
Cap Rate 9%
$257,800
$257.8K
Market Conditions
NOI Build-Up for 5,390 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
$34.9K $6.48/SF
− Vacancy
−$1.8K −$0.33/SF
EGI
$33.1K $6.15/SF
− OpEx
−$9.9K −$1.84/SF
NOI
$23.2K $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%
$464,040
Cap Rate 7%
$331,457
Cap Rate 9%
$257,800
Alternative Uses
Best Use
Retail
$1.07M
$935.2K – $1.25M
NOI $74,814 @ 7.0% cap · market cap 13.63%
Second Best
Industrial
$331.5K
$290.0K – $386.7K
NOI $23,202 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,264 @ 7.0% cap · market cap 23.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
210k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Home Improvements & Furnishings 33%
Shops & Services 17%
Leisure 10%
Menards
Home Improvements & Furnishings
67,068 visits/mo
0.5 miles
AMC Cicero 14
Leisure
21,126 visits/mo
0.5 miles
Burger King
Dining
19,745 visits/mo
0.3 miles
IHOP
Dining
19,727 visits/mo
0.3 miles
Panda Express
Dining
19,032 visits/mo
0.4 miles
Demographics for 60804, IL
85,673
Population
26,738
Households
3.2
Avg Household Size
32
Median Age
11%
College-Educated
68%
High-School Grad
7.1 sq mi
ZIP Area
12,067
Density / Sq Mi
$68,548
Median Household Income
$36,786
Median Earnings
$1,121
Median Rent
$236,000
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
- Amerimex Mufflers & Brakes — 3115 S Kostner Ave, Chicago, IL 60623
- Little Village Truck Service — 3201 S Kostner Ave, Chicago, IL 60623
- Advanced Auto Repair — 3115 S Kostner Ave, Chicago, IL 60623
- La Mecanica — 5403 Ogden Ave, Cicero, IL 60804
- Niños Auto Repair — 5401 W Ogden Ave, Cicero, IL 60804
Frequently Asked Questions
What type of property is this?
Auto shop - Fully equipped auto repair facility with service bays, overhead doors, and office/reception space on a busy corridor.
Where is this auto shop located?
The property is located at 4901 Ogden Ave Cicero, IL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Fully equipped auto repair facility with existing bays and overhead doors; Office/reception area for customer service and operations; About 3,356 sq ft building on a 5,390 sq ft lot
