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    62 Chicago Ave Oak Park, IL 60302

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    For Sale
    $750,000

    Automotive repair business with parking on a corner lot.

    Property Features for 62 Chicago Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1957

    Source: BAIRD & WARNER Agent HANNAH GILLESPIE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Automotive Repair Business For Sale

    This is a well-established automotive repair business that has been operating for over 40 years. The property includes 3 bays with lifts, one of which is new. Some equipment, including compressors, is included in the sale. The business is situated on a 15,900 square foot corner lot, which features over 25 parking spaces. Some of these parking spaces generate extra income as rental spaces for nearby businesses and apartments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chicagoland Auto Auto Repair Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    asian domestic authority inc., Able Auto, Bump City, Oak Park Auto Repair & Gas Station, Firestone Complete Auto Care

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7779825
    Latitude
    41.8949999

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    FAQs

    What type of property is this?
    Auto shop - Automotive repair business with parking on a corner lot.
    Where is this auto shop located?
    The property is located at 62 Chicago Ave Oak Park, 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: - Well-established automotive repair business with over 40 years of operation.; - Large 15,900 square foot corner lot.; - Includes 3 bays with lifts (one new).
    Request Owner's contact information
    62 Chicago Ave Oak Park, IL 60302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    62 Chicago Ave Oak Park, IL 60302
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