Car Wash Property with Drive-In
7737 S KEDZIE Avenue, Chicago, IL 60652
For Sale
$485,000
Commercial Sale, Chicago, IL
Property Size5,000 SF
Lot Size0.14 Acres
Price / SF$98.74
Days on Market103
Property Features for 7737 S KEDZIE Avenue
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Amenities
finished office/customer area
open workspace
heated work area
employee restroom with shower
electric water heater
upgraded natural stone finishes in customer waiting area and restroom
drive-in overhead doors
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Chicago Real Estate Resources
Listed By:
Tuyen Nguyen · License IL #471006001
(773) 327-9300
Added: Aug 4
Changed: Oct 6
Last Checked: Nov 14 at 12:06AM
MLS# 12724510
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.
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Investment Insights
Based on property information with market context.
This 4,912-square-foot freestanding car wash property, built in 1950, includes approximately 500 square feet of finished office and customer space alongside about 4,400 square feet of open workspace. Ceiling heights range from approximately 13 feet to 18 feet. Two overhead drive-in doors offer about 10 feet of clearance, and the work area is heated. The building also has a restroom with a shower, concrete flooring, and natural stone finishes in the customer area and restroom.
The offering is for the real estate only; the operating car wash and detailing business is separate. If acquired without the business, its equipment and trade fixtures will be removed before closing, subject to potential negotiation. Permanent building improvements, including the customer area, overhead doors, and heating, remain. The 0.1432-acre parcel has five rear parking spaces and natural gas available.
The offering is for the real estate only; the operating car wash and detailing business is separate. If acquired without the business, its equipment and trade fixtures will be removed before closing, subject to potential negotiation. Permanent building improvements, including the customer area, overhead doors, and heating, remain. The 0.1432-acre parcel has five rear parking spaces and natural gas available.
Key Highlights
- 4,912‑square‑foot freestanding car wash property on a 0.1432‑acre parcel
- Approximately 500 square feet of finished office/customer area and 4,400 square feet of open workspace
- Ceilings range from approximately 13' to 18'; two overhead doors provide approximately 10' clearance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,803
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,060
$616.1K
Cap Rate 7%
$440,043
$440.0K
Cap Rate 9%
$342,256
$342.3K
Market Conditions
NOI Build-Up for 4,912 SF
Gross rent
$46.3K $9.43/SF
− Vacancy
−$2.3K −$0.47/SF
EGI
$44.0K $8.96/SF
− OpEx
−$13.2K −$2.69/SF
NOI
$30.8K $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 Rate 5%
$616,060
Cap Rate 7%
$440,043
Cap Rate 9%
$342,256
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.14M – $1.52M
NOI $91,422 @ 7.0% cap · market cap 18.85%
Second Best
Retail
$970.8K
$849.5K – $1.13M
NOI $67,957 @ 7.0% cap · market cap 14.01%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,120 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 43%
Shell
Shops & Services
9,171 visits/mo
0.1 miles
Burger King
Dining
8,568 visits/mo
0.2 miles
Valvoline Instant Oil Change
Shops & Services
1,425 visits/mo
0.4 miles
Caliber Collision
Shops & Services
682 visits/mo
0.5 miles
Demographics for 60652, IL
40,898
Population
13,709
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
81%
High-School Grad
4.8 sq mi
ZIP Area
8,520
Density / Sq Mi
$78,559
Median Household Income
$36,488
Median Earnings
$1,208
Median Rent
$235,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Car washes in Cook County, IL
Properties on Market for Car washes in Cook County
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Car wash - The freestanding facility combines finished customer space with a heated work area.
Where is this car wash located?
The property is located at 7737 S KEDZIE Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 4,912‑square‑foot freestanding car wash property on a 0.1432‑acre parcel; Approximately 500 square feet of finished office/customer area and 4,400 square feet of open workspace; Ceilings range from approximately 13' to 18'; two overhead doors provide approximately 10' clearance
