Automotive Shop with
For Sale
$670,000
5031 W Belmont Avenue, Chicago, IL 60641
C-1 zoning supports automotive service and other business uses.
Property Size4,300 SF
Price / SF$155.81
Days on Market57
Property Features for 5031 W Belmont Avenue
General Information
Standard status
Active
Size
4,300 SF
Property subtype
COMMERCIAL
Zoning
C-1
Site & Location
Neighborhood
Cragin
Taxes and HOA fees
Annual Taxes
$14,267
Building Details
Building Size
4,300 SF
Listing Agency:
Windsor Real Estate Service INC
Listed By:
John Cartina · License #471009303
(630) 267-5047
Source:
Harkinsandassociates
Added: Sep 3
Changed: Oct 25
Last Checked: Oct 28 at 3:42PM
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 Windsor Real Estate Service INC
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Investment Insights
Based on property information with market context.
This automotive repair property is configured for transmission and related vehicle service, with four automotive lifts and a compressor included in the sale. The improvements also provide rear parking for vehicles, customers, or operational needs.
Located at 5031 W Belmont Avenue in Chicago, the property carries C-1 zoning. That designation supports the existing automotive use and permits consideration of other business uses, providing flexibility for an owner-user or operator evaluating alternative commercial applications.
Located at 5031 W Belmont Avenue in Chicago, the property carries C-1 zoning. That designation supports the existing automotive use and permits consideration of other business uses, providing flexibility for an owner-user or operator evaluating alternative commercial applications.
Key Highlights
- Four automotive lifts included
- Compressor included with the property
- Rear parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,490
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,189,800
$1.2M
Cap Rate 7%
$849,857
$849.9K
Cap Rate 9%
$661,000
$661.0K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$92.9K $21.60/SF
− Vacancy
−$7.9K −$1.84/SF
EGI
$85.0K $19.76/SF
− OpEx
−$25.5K −$5.93/SF
NOI
$59.5K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,189,800
Cap Rate 7%
$849,857
Cap Rate 9%
$661,000
Alternative Uses
Best Use
Retail
$849.9K
$743.6K – $991.5K
NOI $59,490 @ 7.0% cap · market cap 8.88%
Second Best
Industrial
$385.2K
$337.1K – $449.4K
NOI $26,965 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,921 @ 7.0% cap · market cap 21.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,582
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60641, IL
69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- Velasquez Mufflers Brakes — 2600 N Laramie Ave, Chicago, IL 60639
- Camacho's Tires Shop — 2634 N Laramie Ave, Chicago, IL 60639
- ATM (Diversey Central BP) — 5610 W Diversey Ave, Chicago, IL 60639
- Car-X Tire & Auto — 2737 N Central Ave, Chicago, IL 60639
- Mavis Tires & Brakes — 2819 N Central Ave, Chicago, IL 60634
Frequently Asked Questions
What type of property is this?
Auto shop - C-1 zoning supports automotive service and other business uses.
Where is this auto shop located?
The property is located at 5031 W Belmont Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Four automotive lifts included; Compressor included with the property; Rear parking area
