Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8242 Roberts Rd Bridgeview, IL 60455

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    11,895 SF Auto Shop, Redevelopment Potential

    Property size:
    11,895 SF

    Property Features for 8242 Roberts Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    11,895 SF
    Lot Size
    44,867 SF

    Building Details

    Stories
    1

    We can help!

    Listing Contact
    Omar Tharani
    Omar Tharani

    Listing Agency: Keller Williams Realty Infinity Listing Agent: Omar Tharani

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This 11,895-square-foot auto shop, situated on a 1.03-acre lot in Bridgeview, Illinois, presents a compelling redevelopment opportunity. Currently zoned C and R4, this property offers significant flexibility for various uses. The single-story building has served as an auto repair center, including body shop, mechanic/detail shop, and towing operations, for over four decades. Its location on Roberts Road provides excellent access to I-294 and other major transportation routes. The property consists of two parcels, spanning two cross streets, allowing for diverse redevelopment options such as retail, multi-family, or mixed-use projects. The property's address is 8242 S Roberts Rd, Bridgeview, IL 60455, with Cook County APN 18-35-202-036-0000. The asking price is $999,000. Please refrain from contacting current occupants. This is a prime location for investors seeking a high-potential redevelopment project in a well-connected area. The net rentable square footage is 11,895 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ideal Auto Center Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeview
    County
    Cook
    State
    Illinois
    Longitude
    -87.81924
    Latitude
    41.7407938

    Nearby Similar for Sale

    • $1,150,000
      7,400 SF

      Mixed-Use Building on Harlem Avenue

      Well-maintained mixed-use building with commercial and residential units.
      7654 S Harlem Ave, Bridgeview, IL 60455
      View Details
    • $109,900
      0.47 Acres

      Bridgeview Machine Shop with Assets

      Established machine shop with assets near I-294 and Harlem.
      7500 W 84Th Pl, Bridgeview, IL 60455
      View Details
    • $409,000

      Bridgeview Two-Unit Residential Property

      Well-maintained two-unit property with a full basement in Bridgeview.
      7549 S Roberts Rd, Bridgeview, IL 60455
      View Details
    • $699,900

      Bridgeview Six-Unit Multifamily Investment

      Well-maintained six-unit building in a prime Bridgeview location.
      7137 W 91St St, Bridgeview, IL 60455
      View Details
    • Contact for pricing
      75,385 SF

      Bridgeview Distribution Center

      75,385 SF Industrial Space, IL
      7723 78Th Ave, Bridgeview, IL 60455
      View Details
    • Contact for pricing
      93,555 SF

      Bridgeview Distribution Center

      93,555 SF Warehouse, Excellent Location
      7700 78Th Ave, Bridgeview, IL 60455
      View Details
    • $850,000
      3,675 SF

      Bridgeview Commercial Investment Property

      High-Return Multi-Family Building in Bridgeview
      8129 Roberts Rd, Bridgeview, IL 60455
      View Details
    • $859,900
      3,675 SF

      Bridgeview Commercial Building - Great Investment

      Spacious commercial building, ideal for multi-unit rental.
      7764 79Th Pl, Bridgeview, IL 60455
      View Details
    • $1,600,000
      5,000 SF

      Bridgeview Auto Shop Investment

      Profitable Auto Repair Business in IL
      7455 Harlem Ave, Bridgeview, IL 60455
      View Details
    • Contact for pricing
      13,000 SF

      Modern Industrial Building Near Airports

      Well-maintained industrial building close to major transportation routes.
      7575 W 79Th St, Bridgeview, IL 60455
      View Details
    • Contact for pricing
      2,600 SF

      Bridgeview Warehouse For Sale

      2,600 square foot warehouse property in Bridgeview, Illinois.
      8630 S 77Th Ave, Bridgeview, IL 60455
      View Details
    • $875,000
      5,000 SF

      7403 71St St, Bridgeview, IL 60455

      Commercial real estate • 5,000 SF
      7403 71St St, Bridgeview, IL 60455
      View Details

    FAQs

    What type of property is this?
    Automotive property - 11,895 SF Auto Shop, Redevelopment Potential
    Where is this automotive property located?
    The property is located at 8242 Roberts Rd Bridgeview, IL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: $999,000 asking price.; 11,895 square foot retail building.; 1.03-acre lot in Bridgeview, IL.
    (630) 768-1626 Call to check price and availability
    Request Owner's contact information
    8242 Roberts Rd Bridgeview, IL 60455
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8242 Roberts Rd
    Bridgeview, IL 60455
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    8242 Roberts Rd Bridgeview, IL 60455
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Omar Tharani
    Omar Tharani
    Real Estate License ID: 475171491
    (630) 768-1626
    Learn more
    Google sign-in failed. Please try again or use another login method.