Automotive Repair
5300 S Western Ave, Chicago, IL 60609
For Sale
$475,000
The shop includes open parking for 30 vehicles and access from both Western Avenue and 53rd Street.
Property Size1,200 SF
Price / SF$395.83
Days on Market49
Property Features for 5300 S Western Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Road Access
Listing Agency:
RE/MAX Mi Casa
Listed By:
Ubaldo Garcia · License IL #471001599
(773) 767-1616
Source:
Realtopiare
Added: Sep 24
Changed: Oct 26
Last Checked: Nov 10 at 1:58PM
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 RE/MAX Mi Casa
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot automotive repair shop is currently occupied on a month-to-month rental basis. Its established operations include mechanic, muffler, and tire services.
Open parking accommodates 30 cars, with access from Western Avenue and 53rd Street. The property is located at 5300 S Western Ave in Chicago.
Open parking accommodates 30 cars, with access from Western Avenue and 53rd Street. The property is located at 5300 S Western Ave in Chicago.
Key Highlights
- 1,200‑square‑foot automotive repair shop
- Established mechanic, muffler, and tire shop operations
- Open parking for 30 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,602
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,040
$332.0K
Cap Rate 7%
$237,171
$237.2K
Cap Rate 9%
$184,467
$184.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.9K $21.60/SF
− Vacancy
−$2.2K −$1.84/SF
EGI
$23.7K $19.76/SF
− OpEx
−$7.1K −$5.93/SF
NOI
$16.6K $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%
$332,040
Cap Rate 7%
$237,171
Cap Rate 9%
$184,467
Alternative Uses
Best Use
Retail
$237.2K
$207.5K – $276.7K
NOI $16,602 @ 7.0% cap · market cap 3.50%
Second Best
Industrial
$107.5K
$94.1K – $125.4K
NOI $7,525 @ 7.0% cap · market cap 1.58%
Theoretical Best
Office A
$565.8K
$495.1K – $660.1K
NOI $39,606 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,509
Businesses Nearby
92k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Shops & Services 45%
Electronics 3%
Dining 1%
Tony's Fresh Market
Groceries
46,822 visits/mo
0.2 miles
Dollar Tree
Shops & Services
9,356 visits/mo
0.2 miles
7-Eleven
Shops & Services
8,529 visits/mo
0.1 miles
Mobil
Shops & Services
8,368 visits/mo
0.1 miles
Shell
Shops & Services
6,656 visits/mo
0.1 miles
Demographics for 60609, IL
65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Chicago, IL
Properties on Market for Auto shops in Chicago
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- Automotive Technical Institute — chicago, il 60625
- OZCO AUTO SERVICE — 2735 W Lawrence Ave, Chicago, IL 60625
- Live in Chicago and love Double Basses — 4740 N Lincoln Ave, Chicago, IL 60625
- Computerized Engine Control Emission Contro — Chicago, IL 60625, United States
- Lincoln Square Service — 2201 W Lawrence Ave, Chicago, IL 60625
Frequently Asked Questions
What type of property is this?
Auto shop - The shop includes open parking for 30 vehicles and access from both Western Avenue and 53rd Street.
Where is this auto shop located?
The property is located at 5300 S Western Ave Chicago, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,200‑square‑foot automotive repair shop; Established mechanic, muffler, and tire shop operations; Open parking for 30 cars
