Turn-Key Automotive Repair
For Sale
$690,000
5512 W 79th Street, Burbank, IL 60459
Nearly 6,000 sq. ft. commercial building with office, shop, rear security gates, and a heated garage with large overhead doors.
Property Size6,000 SF
Days on Market164
Property Features for 5512 W 79th Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$9,928
Building Details
Building Size
6,000 SF
Year Built
1962
Stories
2
Units
1
Listing Agency:
Wirtz Real Estate Group Inc.
(708) 516-3050
Listed By:
Kimberly Wirtz · License #471005499
(708) 516-3050
Source:
Midwestrealestate
Added: Mar 13
Changed: Aug 23
Last Checked: Aug 14 at 7:37AM
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 Wirtz Real Estate Group Inc.
Investment Insights
Based on property information with market context.
Turn-key commercial building built for automotive operations, featuring a sun-filled reception area, two remodeled offices, two updated bathrooms, and sleek epoxy flooring. The expansive shop includes foam-insulated ceilings and an EPA exhaust fan. Improvements reported include a new roof, new windows, new fascia, updated electric, and new HVAC with central air in the office area.
Two heated garages support year-round work, including one with an 8-ft overhead door and 16-ft ceilings and a second with a 12' x 10' overhead door. Security features include a full camera system, a fire system, and rolling security gates at the rear.
The property also includes a two-bedroom, one-bath apartment upstairs, providing additional flexibility for onsite use or rental income. Zoned mixed-use commercial/residential and currently operating as a repair or body shop. Automotive equipment listed as negotiable includes a new paint spray booth and paint system, frame machine, car lift, wash rack with fluids, compressors, welders, jacks and stands, and related work areas and storage.
Two heated garages support year-round work, including one with an 8-ft overhead door and 16-ft ceilings and a second with a 12' x 10' overhead door. Security features include a full camera system, a fire system, and rolling security gates at the rear.
The property also includes a two-bedroom, one-bath apartment upstairs, providing additional flexibility for onsite use or rental income. Zoned mixed-use commercial/residential and currently operating as a repair or body shop. Automotive equipment listed as negotiable includes a new paint spray booth and paint system, frame machine, car lift, wash rack with fluids, compressors, welders, jacks and stands, and related work areas and storage.
Key Highlights
- Nearly 6,000 sq. ft. commercial building on a double lot along 79th Street, currently operating as a repair/body shop
- Office and reception include epoxy flooring, plus two remodeled offices and two updated bathrooms
- Major improvements: new roof, new windows, new fascia, updated electric, and new HVAC with central air (office 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
$25,828
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
3.74%
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%
$516,560
$516.6K
Cap Rate 7%
$368,971
$369.0K
Cap Rate 9%
$286,978
$287.0K
Market Conditions
NOI Build-Up for 6,000 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
$38.9K $6.48/SF
− Vacancy
−$2.0K −$0.33/SF
EGI
$36.9K $6.15/SF
− OpEx
−$11.1K −$1.84/SF
NOI
$25.8K $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%
$516,560
Cap Rate 7%
$368,971
Cap Rate 9%
$286,978
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,281 @ 7.0% cap · market cap 12.07%
Second Best
Industrial
$369.0K
$322.9K – $430.5K
NOI $25,828 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,007 @ 7.0% cap · market cap 21.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
77k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 49%
Beauty & Spa 2%
McDonald's
Dining
37,472 visits/mo
0.2 miles
BP
Shops & Services
23,665 visits/mo
0.5 miles
Mobil
Shops & Services
13,806 visits/mo
0.1 miles
LA Tan
Beauty & Spa
1,527 visits/mo
0.2 miles
Valvoline Express Care
Shops & Services
650 visits/mo
0.4 miles
Demographics for 60459, IL
29,451
Population
10,012
Households
2.9
Avg Household Size
38
Median Age
15%
College-Educated
79%
High-School Grad
4.2 sq mi
ZIP Area
7,012
Density / Sq Mi
$83,975
Median Household Income
$41,931
Median Earnings
$1,241
Median Rent
$258,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Nearly 6,000 sq. ft. commercial building with office, shop, rear security gates, and a heated garage with large overhead doors.
Where is this auto shop located?
The property is located at 5512 W 79th Street Burbank, IL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Nearly 6,000 sq. ft. commercial building on a double lot along 79th Street, currently operating as a repair/body shop; Office and reception include epoxy flooring, plus two remodeled offices and two updated bathrooms; Major improvements: new roof, new windows, new fascia, updated electric, and new HVAC with central air (office area)
