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    High-Traffic Commercial Building on Southwestern Avenue Title is generated by Realmo AI

    7214 S Western Avenue, Chicago, IL 60636

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    Claim this Listing
    New
    For Sale
    $375,000

    COMMERCIAL - Chicago, IL

    Type:Retail
    Lot size:
    0.13 Acres
    Added:
    May 28, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 1 at 8:06 am

    Property Features for 7214 S Western Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    COMMR
    Standard status
    Active
    APN
    19521502500000
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    15550

    Utilities

    Utilities
    Natural Gas Available

    Building Details

    Year built
    1964
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete, Tile
    Building materials
    Concrete, Brick
    Roof type
    Membrane

    We can help!

    Listing Contact
    Amanda Colby

    Listing agent Amanda Colby

    Listing office Real People Realty 9981 W. 190th Street. Unit, Mokena, IL

    Listing date May 28, 2026

    MLS# 12660633

    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.

    HighLights

    • High‑Traffic Location on Southwestern Avenue: Offers excellent visibility and accessibility.
    • C2 Zoning: Provides flexible usage options.
    • Solid Masonry Construction with New Rubber Roof (2022): Ensures durability.
    • Income‑Producing Property with Long‑Term Tenant: Provides immediate revenue.
    • Secure Property: Features 18‑ft high double sliding gates (2021) and steel insulated garage doors.
    • Two Separate Addresses and PINs: Ideal for running dual businesses or future subdivision.

    Overview

    This solid masonry commercial building, currently operating as an auto body shop, presents a rare investment opportunity on high-traffic Southwestern Avenue. Zoned C2, this flex-use space offers immediate income and long-term owner-user potential. The property features robust masonry construction with a durable Flexi-Core ceiling and a new rubber roof installed in November 2022. Security is enhanced by 18-ft high double sliding gates installed in 2021. There is one remote-operated steel insulated garage door in the front installed in 2019, along with three manually operated steel insulated garage doors in the rear. Two diamond plate steel entry doors were installed in 2023. The interior includes nine indoor workstations and two bathrooms. Two overhead gas heaters are mounted from the ceiling, installed in 2019. Parking is available in the rear, with additional outdoor vehicle space. The property has two separate addresses and PINs, making it ideal for running dual businesses. The property is currently occupied by a long term reliable tenant. The lot size is 0.1286 acres in Chicago, IL.
    Property Profile Location Intelligence

    Current Use by Public Records

    J & P Auto ... Auto Repair Shop ProDentim Official Store (Bike/Boat/Book/etc) Store Corrigan Heating & Air ... HVAC Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • Quinn Lymas Auto Repair — 8101 s talman ave, chicago, il 60652
    • Hampton’s Window Tint and Wraps — 8106 S Winchester Ave, Chicago, IL 60620
    • JM Cash For Junk Cars Chicago — 8142 s hoyne ave, chicago, il 60620
    • JM Towing Services — 8140 S Hoyne Ave, Chicago, IL 60620
    • J M Towing Services — 8140 s hoyne ave, chicago, il 60620

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6834926
    Latitude
    41.7623711

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    FAQs

    What type of property is this?
    Auto shop - Solid masonry building on Southwestern Avenue, currently an auto body shop.
    Where is this auto shop located?
    The property is located at 7214 S Western Avenue Chicago, IL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: High‑Traffic Location on Southwestern Avenue: Offers excellent visibility and accessibility.; C2 Zoning: Provides flexible usage options.; Solid Masonry Construction with New Rubber Roof (2022): Ensures durability.
    (708) 634-0104
    We can help!
    Listing Contact
    Amanda Colby
    Request Owner's contact information
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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