Automotive Repair Facility with
For Sale
$875,000
6915 S Ashland Avenue, Chicago, IL 60636
Commercial Sale, Chicago, IL
Property Size9,150 SF
Lot Size0.84 Acres
Price / SF$95.63
Days on Market54
Property Features for 6915 S Ashland Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
Use the left lane to take the ramp onto I-94 W Take exit 59C toward 71st St Take exit 59C to merge onto S State St Use the left 2 lanes to turn left onto W 71st St
Subdivision
CHI - West Englewood
Standard status
Active
APN
20203160100000
Lot size
0.84 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
26370
Utilities
Cooling system
Central Air
Building Details
Year built
1920
Floors in Building
1
Listing Agency:
Keller Williams ONEChicago · Keller Williams Realty
(312) 216-2422
Listed By:
Anthony Hardy · License #475139834
(773) 575-6082
Added: Jul 13
Changed: Aug 19
Last Checked: Sep 4 at 12:06PM
MLS# 12703673
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Chicago automotive property combines a 9,150-square-foot repair and retail building with 36,795 square feet of contiguous land. The improvements occupy a 10,780-square-foot parcel, while an additional 26,015 square feet of gated land supports vehicle staging, customer parking, tow-truck circulation, fleet storage, parts storage, or expansion. Central air and active utility connections are in place, along with existing automotive infrastructure.
The property is located at the signalized intersection of 69th Street and Ashland Avenue, directly across from Food 4 Less and its fuel center, Chase Bank, Bank of America, Foot Locker, Little Caesars, and Subway. All parcels carry B3-3 zoning. The site has operated as a family-owned auto repair and collision business since 1969, and the existing building and land may support continued automotive operations, owner occupancy, leasing, service retail, business expansion, or redevelopment subject to applicable approvals.
The property is located at the signalized intersection of 69th Street and Ashland Avenue, directly across from Food 4 Less and its fuel center, Chase Bank, Bank of America, Foot Locker, Little Caesars, and Subway. All parcels carry B3-3 zoning. The site has operated as a family-owned auto repair and collision business since 1969, and the existing building and land may support continued automotive operations, owner occupancy, leasing, service retail, business expansion, or redevelopment subject to applicable approvals.
Key Highlights
- 36,795 SF of contiguous land, including the building parcel and additional gated land
- 9,150‑square‑foot automotive repair and retail building on a 10,780‑square‑foot parcel
- Additional 26,015 square feet of gated land for staging, storage, parking, and circulation
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
$57,379
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
6.56%
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%
$1,147,580
$1.1M
Cap Rate 7%
$819,700
$819.7K
Cap Rate 9%
$637,544
$637.5K
Market Conditions
NOI Build-Up for 9,150 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
$86.3K $9.43/SF
− Vacancy
−$4.3K −$0.47/SF
EGI
$82.0K $8.96/SF
− OpEx
−$24.6K −$2.69/SF
NOI
$57.4K $6.27/SF
Area
Chicago, IL
Vacancy
5.00%
Lease Rate
$9.43 /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%
$1,147,580
Cap Rate 7%
$819,700
Cap Rate 9%
$637,544
Alternative Uses
Best Use
Retail
$1.81M
$1.58M – $2.11M
NOI $126,588 @ 7.0% cap · market cap 14.47%
Second Best
Industrial
$819.7K
$717.2K – $956.3K
NOI $57,379 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$4.31M
$3.77M – $5.03M
NOI $301,994 @ 7.0% cap · market cap 34.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
54k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 86%
Shops & Services 14%
Food 4 Less
Groceries
46,324 visits/mo
0.2 miles
BP
Shops & Services
7,702 visits/mo
0.2 miles
Demographics for 60636, IL
34,800
Population
14,363
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
78%
High-School Grad
3.9 sq mi
ZIP Area
8,923
Density / Sq Mi
$35,077
Median Household Income
$30,411
Median Earnings
$1,135
Median Rent
$150,600
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Signalized intersection location with adjacent gated land and B3-3 zoning.
Where is this auto shop located?
The property is located at 6915 S Ashland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 36,795 SF of contiguous land, including the building parcel and additional gated land; 9,150‑square‑foot automotive repair and retail building on a 10,780‑square‑foot parcel; Additional 26,015 square feet of gated land for staging, storage, parking, and circulation
