Grand Avenue Commercial Automotive
For Sale
$750,000
5717 W Grand Avenue, Chicago, IL 60639
Solid brick building on Grand Avenue, ideal for automotive businesses.
Property Size8,150 SF
Price / SF$92.02
Days on Market624
Property Features for 5717 W Grand Avenue
General Information
Standard status
Active
Size
8,150 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1974
Listing Agency:
Strauss Realty Ltd
(630) 294-8689
Listed By:
David Kaplan · License #475212948
(630) 294-8689
Source:
Exitrealty
Added: Nov 14, 2024
Changed: Jul 6
Last Checked: Jul 30 at 2:24PM
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 Strauss Realty Ltd
Investment Insights
Based on property information with market context.
This solid brick one-story building, featuring a new roof, is situated on Grand Avenue. The property includes three adjoining lots with parking and is zoned C1-1. Currently operating as a body shop and auto repair business, the property is located on a high-traffic street. With a property size of 8150 square feet, it is suitable for various business uses, including mechanic shops, factories, warehouses, or car washes.
Key Highlights
- Three adjoining lots with parking.
- High‑traffic location on Grand Avenue.
- C1‑1 zoning allows for various business uses.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.8k | $6.48 |
| − Vacancy | −$7.3k | −$0.89 |
| EGI | $45.5k | $5.59 |
| − OpEx | −$6.8k | −$0.84 |
| NOI | $38.7k | $4.75 |
8,150 SF · lease $6.48/SF/yr · vacancy 13.80% · expense 15.00%
Alternative Uses
Best Use
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,735 @ 7.0% cap · market cap 17.83%
Second Best
Retail
$1.66M
$1.45M – $1.94M
NOI $116,266 @ 7.0% cap · market cap 15.50%
Theoretical Best
Office A
$3.60M
$3.15M – $4.20M
NOI $252,246 @ 7.0% cap · market cap 33.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60639, IL
89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value
Market
Vacancy Rate% for Industrial in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Wesley's Auto Repair Inc. — Chicago, IL 60639
- SuperMax Muffler & Brakes — 6230 W North Ave, Chicago, IL 60639
- Joe's Auto — 5931, 1/2 W North Ave, Chicago, IL 60639
- Chicago Muffler & Brake — 5801 W North Ave, Chicago, IL 60639
- Midas — 6249 W North Ave, Oak Park, IL 60302
Frequently Asked Questions
What type of property is this?
Auto shop - Solid brick building on Grand Avenue, ideal for automotive businesses.
Where is this auto shop located?
The property is located at 5717 W Grand Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three adjoining lots with parking.; High‑traffic location on Grand Avenue.; C1‑1 zoning allows for various business uses.
