Automotive Building with Rear
For Sale
$325,000
7828 S Claremont Avenue, Chicago, IL 60620
Vacant and configured with an owner’s office, two bathrooms, and space for automobile-related businesses.
Property Size4,400 SF
Price / SF$73.86
Days on Market188
Property Features for 7828 S Claremont Avenue
General Information
Standard status
Active
Size
4,400 SF
Total Parking Spaces
15
Property subtype
Commercial
Zoning
PMD
Site & Location
Neighborhood
Auburn Gresham
Additional Details
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$12,365
Amenities
owner's office
bathrooms
Building Details
Year Built
1954
Buildings
1
Stories
1
Units
1
Construction
brick
Listing Agency:
Infiniti Properties, Inc.
Listed By:
Ned Malley · License #471007341
(708) 206-3000
Source:
Fishmangroup
Added: Apr 23
Changed: Oct 26
Last Checked: Oct 26 at 3:49AM
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 Infiniti Properties, Inc.
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Investment Insights
Based on property information with market context.
This 4,400-square-foot brick commercial building was constructed in 1954 and is currently vacant. Its layout includes an owner’s office and two bathrooms, with rear parking for approximately 15 or more vehicles. The property is zoned PMD and is designated for automobile-related business uses.
Key Highlights
- 4,400‑square‑foot brick commercial building
- Zoned PMD for automobile‑related businesses
- Rear parking for approximately 15+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,592
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,840
$551.8K
Cap Rate 7%
$394,171
$394.2K
Cap Rate 9%
$306,578
$306.6K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$41.5K $9.43/SF
− Vacancy
−$2.1K −$0.47/SF
EGI
$39.4K $8.96/SF
− OpEx
−$11.8K −$2.69/SF
NOI
$27.6K $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%
$551,840
Cap Rate 7%
$394,171
Cap Rate 9%
$306,578
Alternative Uses
Best Use
Retail
$869.6K
$760.9K – $1.01M
NOI $60,873 @ 7.0% cap · market cap 18.73%
Second Best
Industrial
$394.2K
$344.9K – $459.9K
NOI $27,592 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$2.07M
$1.82M – $2.42M
NOI $145,221 @ 7.0% cap · market cap 44.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
86k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 45%
Dollar Tree
Shops & Services
18,914 visits/mo
0.1 miles
McDonald's
Dining
18,388 visits/mo
0.1 miles
Citgo
Shops & Services
13,010 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,303 visits/mo
0.1 miles
Marathon
Shops & Services
8,354 visits/mo
0.1 miles
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 7811 S Western Ave, Chicago, IL 60620
Frequently Asked Questions
What type of property is this?
Automotive property - Vacant and configured with an owner’s office, two bathrooms, and space for automobile-related businesses.
Where is this automotive property located?
The property is located at 7828 S Claremont Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 4,400‑square‑foot brick commercial building; Zoned PMD for automobile‑related businesses; Rear parking for approximately 15+ vehicles
