For Sale
$625,000
65 E Sauk Trail, South Chicago Heights, IL 60411
Auto shops
Property Size3,400 SF
Lot Size1.17 Acres
Price / SF$183.82
Days on Market140
Property Features for 65 E Sauk Trail
General Information
Standard status
Active
Size
3,400 SF
Lot size
1.17 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$32,341
Amenities
Composition Roof
Building Details
Year Built
1980
Listing Agency:
REALTY OF AMERICA, LLC
(708) 788-1900
Listed By:
MARGARET SCHMIDT · License #475214500
Source:
Corcoran
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 8 at 3:06PM
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 REALTY OF AMERICA, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Prime 1.2‑acre commercial site with high visibility (18,000 vehicles daily) and 180 feet of frontage on Sauk Trail.
- Immediate access to I‑57 and I‑80, providing strong regional connectivity.
- 3,400 sq ft building with six drive‑in bays**, overhead doors, storage, and dedicated office space.
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
$47,193
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
7.55%
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%
$943,860
$943.9K
Cap Rate 7%
$674,186
$674.2K
Cap Rate 9%
$524,367
$524.4K
Market Conditions
NOI Build-Up for 3,400 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
$73.4K $21.60/SF
− Vacancy
−$6.0K −$1.77/SF
EGI
$67.4K $19.83/SF
− OpEx
−$20.2K −$5.95/SF
NOI
$47.2K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /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%
$943,860
Cap Rate 7%
$674,186
Cap Rate 9%
$524,367
Alternative Uses
Best Use
Retail
$674.2K
$589.9K – $786.6K
NOI $47,193 @ 7.0% cap · market cap 7.55%
Second Best
Industrial
$209.1K
$183.0K – $243.9K
NOI $14,636 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,171 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60411, IL
53,515
Population
21,382
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
30.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$56,627
Median Household Income
$35,995
Median Earnings
$1,156
Median Rent
$148,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
Where is this auto shop located?
The property is located at 65 E Sauk Trail South Chicago Heights, IL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Prime 1.2‑acre commercial site with **high visibility (18,000 vehicles daily)** and 180 feet of frontage on Sauk Trail.; Immediate access to I‑57 and I‑80, providing strong regional connectivity.; 3,400 sq ft building with six drive‑in bays**, overhead doors, storage, and dedicated office space.
