Corner Auto Repair
For Sale
$2,250,000
5000 W Cermak Rd W, Cicero, IL 60804
Established automotive operation with service bays, office space, storage, and an included repair business.
Property Size9,656 SF
Price / SF$233.02
Days on Market24
Property Features for 5000 W Cermak Rd W
General Information
Standard status
Active
Size
9,656 SF
Property subtype
Business Opportunity
Site & Location
Traffic Count
29,000 vehicles/day
Outdoor Storage
Yes
Additional Details
Business Included
Yes
Service Bays
9
Amenities
electronic free standing pylon sign
parts elevator to lower level
400-amp service
second floor office level
lower level storage
Building Details
Year Built
1993
Buildings
1
Listing Agency:
EXIT Strategy Realty
(773) 294-7534
Listed By:
Alberto Gonzalez · License #475155143
Source:
Amyboston.realtopiare
Added: Aug 6
Changed: Aug 28
Last Checked: Aug 29 at 12:06PM
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 EXIT Strategy Realty
Investment Insights
Based on property information with market context.
The property combines a 9,656 BSF auto repair facility with an operating business and a separate 11,781-square-foot storage lot at 1841-49 S Laramie. The main building was built in 1993 and includes 9 lifts, an oil change station, lower-level storage, a parts elevator, and a second-floor office level. A 400-amp electrical service and electronic freestanding pylon sign support the operation. The sale includes the business, name, corporation, employees, and book of business, with 10 employees currently associated with the operation.
The facility occupies a 100-by-120-foot corner lot at 5000 W Cermak Rd W in Cicero, with 14 parking spaces. The associated storage property provides approximately 70 additional spaces. The location is identified as a commercial corridor carrying 29,000 cars per day. The business has operated for 45 years, and complete financials are available upon request.
The facility occupies a 100-by-120-foot corner lot at 5000 W Cermak Rd W in Cicero, with 14 parking spaces. The associated storage property provides approximately 70 additional spaces. The location is identified as a commercial corridor carrying 29,000 cars per day. The business has operated for 45 years, and complete financials are available upon request.
Key Highlights
- 9,656 BSF auto repair facility built in 1993
- Business sale includes name, corporation, employees, and book of business
- 9 lifts, oil change station, parts elevator, and lower‑level storage
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
$134,027
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
5.96%
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%
$2,680,540
$2.7M
Cap Rate 7%
$1,914,671
$1.9M
Cap Rate 9%
$1,489,189
$1.5M
Market Conditions
NOI Build-Up for 9,656 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
$208.6K $21.60/SF
− Vacancy
−$17.1K −$1.77/SF
EGI
$191.5K $19.83/SF
− OpEx
−$57.4K −$5.95/SF
NOI
$134.0K $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 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%
$2,680,540
Cap Rate 7%
$1,914,671
Cap Rate 9%
$1,489,189
Alternative Uses
Best Use
Retail
$1.91M
$1.68M – $2.23M
NOI $134,027 @ 7.0% cap · market cap 5.96%
Second Best
Industrial
$593.8K
$519.6K – $692.8K
NOI $41,566 @ 7.0% cap · market cap 1.85%
Theoretical Best
Office A
$3.33M
$2.92M – $3.89M
NOI $233,364 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Service bays
29,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
208k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 35%
Leisure 10%
Apparel 3%
Wendy's
Dining
21,206 visits/mo
0.2 miles
AMC Cicero 14
Leisure
21,126 visits/mo
0.4 miles
Thorntons
Shops & Services
18,925 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
15,807 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
14,476 visits/mo
0.3 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
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Similar Off Market Nearby
- My Shop Auto Care — S 50th Ave, Cicero, IL 60804
- Sanchez Auto care — 4859 W Ogden Ave, Cicero, IL 60804
- Autobahn Automotive — 4901 w ogden ave, cicero, il 60804
- Cicero Tire Shop — 4859 W Ogden Ave, Cicero, IL 60804
- 25th Fast Auto Repair — 2500 S Central Ave, Cicero, IL 60804
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive operation with service bays, office space, storage, and an included repair business.
Where is this auto shop located?
The property is located at 5000 W Cermak Rd W Cicero, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 9,656 BSF auto repair facility built in 1993; Business sale includes name, corporation, employees, and book of business; 9 lifts, oil change station, parts elevator, and lower‑level storage
