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    3800 Division St Chicago, IL 60651

    Sponsored
    For Sale
    $575,000

    Vacant 3-bay shop, 1600 sq ft, great location.

    Property size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1,600 square foot vacant auto shop presents a unique owner-user investment opportunity in Chicago's vibrant Cook County. Located at 3800 W Division St, Chicago, IL 60651, this property boasts three bays, perfect for a variety of automotive businesses. The building sits on a lot previously approved by the alderman for car dealership use, offering potential for expansion or alternative uses within the B3-1 permitted zoning. Currently vacant, the property offers immediate occupancy from October 29, 2024. The 1,600 square feet of net rentable space provides ample room for operations and storage. The property includes one building and one unit. Rent bumps are permitted, offering potential for increased future income. The APN is 16021280390000. This is an ideal opportunity for a hands-on owner-operator seeking a well-situated, established space to launch or expand their automotive business. The asking price is $575,000. Don't miss this chance to acquire a prime commercial property in a thriving Chicago neighborhood.

    Property Features for 3800 Division St

    General Information

    Property type
    Automotive properties
    Square Feet
    1,600 SF

    Building Details

    Buildings
    1
    Units
    1

    HighLights

    • $575,000 asking price for a vacant 1,600 sq ft auto shop in Chicago, IL.
    • Owner/user investment opportunity.
    • Located at 3800 W Division St, Chicago, IL 60651.
    • Property zoned B3‑1.
    • Previously approved for car dealership use.
    • Vacant, available October 29, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big T's Auto ... Auto Repair Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.721431263023
    Latitude
    41.903126575043

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    FAQs

    What type of property is this?
    Automotive property - Vacant 3-bay shop, 1600 sq ft, great location.
    Where is this automotive property located?
    The property is located at 3800 Division St Chicago, IL.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: $575,000 asking price for a vacant 1,600 sq ft auto shop in Chicago, IL.; Owner/user investment opportunity.; Located at 3800 W Division St, Chicago, IL 60651.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    3800 Division St Chicago, IL 60651
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