Automotive Service
For Sale
Contact for pricing
Pending
600 E Northwest Hwy, Des Plaines, IL 60016
Commercial property classified for auto shop use in Des Plaines.
Property Size2,830 SF
Days on Market190
Property Features for 600 E Northwest Hwy
General Information
Standard status
Pending
Size
2,830 SF
Property subtype
Retail, Special Purpose
Investment Type
Owner/User
Building Details
Year Renovated
2019
Buildings
1
Stories
1
Units
1
Listing Agency:
GSA Consultants
Listed By:
George Stapleton · License #Illinois 471.008048
Source:
Crexi
Added: Apr 9
Changed: Oct 10
Last Checked: Oct 14 at 10:53PM
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 GSA Consultants
Investment Insights
Based on property information with market context.
This commercial property is classified as an auto shop and contains approximately 2,830 square feet. The asset is located at 600 E Northwest Hwy in Des Plaines, Illinois 60016.
Key Highlights
- Auto shop classification
- Approximately 2,830 square feet
- 600 E Northwest Hwy, Des Plaines, IL 60016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,374
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,480
$947.5K
Cap Rate 7%
$676,771
$676.8K
Cap Rate 9%
$526,378
$526.4K
Market Conditions
NOI Build-Up for 2,830 SF
Gross rent
$67.9K $24.00/SF
− Vacancy
−$4.8K −$1.68/SF
EGI
$63.2K $22.32/SF
− OpEx
−$15.8K −$5.58/SF
NOI
$47.4K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,480
Cap Rate 7%
$676,771
Cap Rate 9%
$526,378
Alternative Uses
Best Use
Specialty Retail
$676.8K
$592.2K – $789.6K
NOI $47,374 @ 7.0% cap · market cap 6.78%
Second Best
Retail
$561.2K
$491.0K – $654.7K
NOI $39,281 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$977.1K
$854.9K – $1.14M
NOI $68,395 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60016, IL
61,888
Population
25,613
Households
2.4
Avg Household Size
42
Median Age
43%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
5,115
Density / Sq Mi
$84,044
Median Household Income
$50,180
Median Earnings
$1,406
Median Rent
$300,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Tri-R-Service Inc — 419 E Golf Rd, Des Plaines, IL 60016
- Hellstrom Automotive Inc — 190 S Wolf Rd, Des Plaines, IL 60016
- Gleason's Automotive, Inc. — 173 S Wolf Rd, Des Plaines, IL 60016
- Honda Service — des plaines, il 60016
- Pro Truck Tires — 622 E Northwest Hwy, Des Plaines, IL 60016
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property classified for auto shop use in Des Plaines.
Where is this auto shop located?
The property is located at 600 E Northwest Hwy Des Plaines, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Auto shop classification; Approximately 2,830 square feet; 600 E Northwest Hwy, Des Plaines, IL 60016
