Ogden Avenue Commercial Property For
5840 Ogden Ave, Cicero, IL 60804
Commercial property with long-term lease in Southwestern Chicago.
Type:Retail, Industrial
Property size:
18,620 SFPrice / SF:
$192/SF- Added:
- Mar 16, 2026
- Days on Market:
- 113
- Last Refresh:
- Mar 19 at 11:48 pm
Property Features for 5840 Ogden Ave
General Information
- Standard status
- Active
- Size
- 18,620 SF
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1967
Listing office Marcus & Millichap - Encino
Listing date Mar 16, 2026
Source Crexi
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 Marcus & Millichap - Encino
HighLights
- Brand new 15‑year NNN corporate lease with Gerber Collision and Glass.
- Located on Ogden Avenue, a major commercial corridor in Southwestern Chicago, offering strong visibility and easy access.
- Low‑maintenance, long‑term passive income opportunity.
- Gerber Collision and Glass is part of The Boyd Group Inc., one of the largest collision repair networks in the United States.
- Proximity to residential neighborhoods and regional thoroughfares.
- Located in a strong suburban Chicago market with diverse economic drivers and high population density.
Overview
This property features a new 15-year NNN corporate lease with Gerber Collision and Glass, a part of The Boyd Group Inc. The Boyd Group Inc. is one of the largest collision repair networks in the United States, with over 1,140 locations. The lease provides low-maintenance, long-term passive income. The property is located on Ogden Avenue, a major commercial corridor in Southwestern Chicago. The site offers strong visibility, easy access, and proximity to residential neighborhoods and regional thoroughfares. The suburban Chicago market is strong, with diverse economic drivers, high population density, and solid household incomes. This supports steady demand for automotive collision repair services, making this a reliable long-term investment. The property size is 18,620 square feet.
Local Financial Insights For Retail
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 | $402.2k | $21.60 |
| − Vacancy | −$33.0k | −$1.77 |
| EGI | $369.2k | $19.83 |
| − OpEx | −$110.8k | −$5.95 |
| NOI | $258.4k | $13.88 |
18,620 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.69M
$3.23M – $4.31M
NOI $258,449 @ 7.0% cap · market cap 7.22%
Second Best
Industrial
$1.15M
$1.00M – $1.34M
NOI $80,153 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$6.43M
$5.63M – $7.50M
NOI $450,005 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Places Nearby
- Premium Window Tints — 3614 S 61st Ct, Cicero, IL 60804
- Dent Chief LLC — 3522 Scoville Ave, Berwyn, IL 60402
- Davila Bros Window Tinting — 3614 S 61st Ct, Cicero, IL 60804
- Sadeq Auto Sale — 6516 Ogden Ave, Berwyn, IL 60402
- Ron’s Towing — 6512 Ogden Ave, Berwyn, IL 60402
Location Insight
- Map
- Local Demand
- City
- Cicero
- County
- Cook
- State
- Illinois
- Longitude
- -87.77004
- Latitude
- 41.835472
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Commercial property with long-term lease in Southwestern Chicago.
Where is this auto shop located?
The property is located at 5840 Ogden Ave Cicero, IL.
What is the asking price?
The asking price for this property is $3,579,300.
What are key features of this property?
This property features: Brand new 15‑year NNN corporate lease with Gerber Collision and Glass.; Located on Ogden Avenue, a major commercial corridor in Southwestern Chicago, offering strong visibility and easy access.; Low‑maintenance, long‑term passive income opportunity.
