Operational Car Wash
New
For Sale
$350,000
7737 S Kedzie Ave Unit 7739, Chicago, IL 60652
Renovated automotive service facility with heated work bays, office space, vehicle staging, and C1-1 zoning.
Property Size4,912 SF
Price / SF$71.25
Days on Market6
Property Features for 7737 S Kedzie Ave Unit 7739
General Information
Standard status
Active
Size
4,912 SF
Total Parking Spaces
5
Property subtype
Business Opportunity
Zoning
C1-1
Additional Details
Asking Price
$550,000
Amenities
overhead doors
electric water heater
employee restroom with shower
heated work bay space
floor drains
Building Details
Buildings
1
Stories
2
Construction
truss-construction
Listing Agency:
Chicago Real Estate Resources
(773) 879-0713
Listed By:
Tuyen Nguyen · License #471006001
Source:
Liveliferealty
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 25 at 6:55AM
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 Chicago Real Estate Resources
Investment Insights
Based on property information with market context.
This operating car wash and auto detailing business occupies a purpose-built facility that was renovated within the last five years. The layout includes open heated service bays with floor drains, two new 10-foot overhead doors, an electric water heater, and an employee restroom with a shower. Dedicated office space supports administrative functions, while five rear parking spaces provide on-site vehicle staging.
The property is located at 7737 S Kedzie Ave, Unit 7739, in Chicago’s Ashburn neighborhood and carries C1-1 zoning. The current owner operates the business and provides hands-on transition training. Subscription-management software is also available separately.
The property is located at 7737 S Kedzie Ave, Unit 7739, in Chicago’s Ashburn neighborhood and carries C1-1 zoning. The current owner operates the business and provides hands-on transition training. Subscription-management software is also available separately.
Key Highlights
- Operating car wash and auto detailing business at 7737 S Kedzie Ave Unit 7739
- Renovated within the last five years
- Two new 10' overhead doors and heated work bays with floor drains
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
$30,803
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
8.80%
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%
$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
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
$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 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%
$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 26.12%
Second Best
Retail
$970.8K
$849.5K – $1.13M
NOI $67,957 @ 7.0% cap · market cap 19.42%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,120 @ 7.0% cap · market cap 46.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Renovated automotive service facility with heated work bays, office space, vehicle staging, and C1-1 zoning.
Where is this car wash located?
The property is located at 7737 S Kedzie Ave Unit 7739 Chicago, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Operating car wash and auto detailing business at 7737 S Kedzie Ave Unit 7739; Renovated within the last five years; Two new 10' overhead doors and heated work bays with floor drains
