Automotive Shop with On-Site
New
For Sale
$349,999
8200 S Halsted St, Chicago, IL 60620
The property includes land and a building, with space to park cars on site.
Property Size2,500 SF
Price / SF$139
Days on Market3
Property Features for 8200 S Halsted St
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Business Opportunity
Building Details
Buildings
1
Listing Agency:
F.J. Williams Realty LLC
Listed By:
Glen Young · License #475151821
(708) 499-5600
Source:
Saladinosells
Added: Sep 30
Last Checked: Oct 1 at 2:13PM
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 F.J. Williams Realty LLC
Investment Insights
Based on property information with market context.
This automotive property comprises a 2,500-square-foot building and associated land. On-site space is available for parking cars. The property is located at 8200 S Halsted Street in Chicago, Illinois.
Key Highlights
- 2,500‑square‑foot building with associated land
- On‑site car parking
- Located at 8200 S Halsted Street in Chicago
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
$15,677
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
4.48%
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%
$313,540
$313.5K
Cap Rate 7%
$223,957
$224.0K
Cap Rate 9%
$174,189
$174.2K
Market Conditions
NOI Build-Up for 2,500 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
$23.6K $9.43/SF
− Vacancy
−$1.2K −$0.47/SF
EGI
$22.4K $8.96/SF
− OpEx
−$6.7K −$2.69/SF
NOI
$15.7K $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%
$313,540
Cap Rate 7%
$223,957
Cap Rate 9%
$174,189
Alternative Uses
Best Use
Retail
$494.1K
$432.3K – $576.5K
NOI $34,587 @ 7.0% cap · market cap 9.88%
Second Best
Industrial
$224.0K
$196.0K – $261.3K
NOI $15,677 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,512 @ 7.0% cap · market cap 23.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
Family Dollar
Shops & Services
5,704 visits/mo
0.2 miles
SUBWAY
Dining
2,282 visits/mo
0.3 miles
Liberty Tax
Shops & Services
1,268 visits/mo
0.3 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Smith Glass — 817 W 87th St, Chicago, IL 60620
- E & J Tire Services — 8501 S Racine Ave, Chicago, IL 60620
- Max's Auto Rebuilder — 8522 S Racine Ave, Chicago, IL 60620
- Halstead glass — 81259 S Halsted St, Chicago, IL 60620
- Ccw tire shop — 8437 S Halsted St, Chicago, IL 60620
Frequently Asked Questions
What type of property is this?
Auto shop - The property includes land and a building, with space to park cars on site.
Where is this auto shop located?
The property is located at 8200 S Halsted St Chicago, IL.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: 2,500‑square‑foot building with associated land; On‑site car parking; Located at 8200 S Halsted Street in Chicago
