Automotive Repair
For Sale
$849,900
9540 S Vincennes Ave, Chicago, IL 60643
Multi-building automotive property with secured vehicle storage, service areas, and convenient expressway and public transportation access.
Property Size12,000 SF
Price / SF$70.83
Days on Market47
Property Features for 9540 S Vincennes Ave
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
35
Zoning
C1-1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Dock-High Doors
3
Drive-In Doors
3
Amenities
Inside and outside car storage
Secured fenced yard
3 trailer docks
3 drive-in doors
Lunchroom
Conference room
Private and public restrooms
High ceilings (17+ ft)
Building Details
Year Built
1955
Listing Agency:
Keller Williams Preferred Rlty
Listed By:
Anthony Meier, Joanne Meier
Source:
Realtopiare
Added: Sep 4
Changed: Oct 6
Last Checked: Oct 7 at 4:08PM
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 Keller Williams Preferred Rlty
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Investment Insights
Based on property information with market context.
This 12,000+ SF automotive property includes multiple buildings on a corner lot and is currently operating as a body and repair shop. The improvements provide a large repair area, substantial storage, a lunchroom, conference room, and private and public restrooms. Interior clear heights reach 17+ feet, supporting automotive service and fleet maintenance operations. The site includes secured fenced vehicle storage, three trailer docks, three drive-in doors, and approximately 35 parking spaces.
Located at 9540 S Vincennes Ave in Chicago, the property offers expressway access and public transportation nearby. C1-1 zoning supports the property's current automotive service configuration. Built in 1955, the site combines service, storage, and vehicle-handling functions across its multiple-building layout.
Located at 9540 S Vincennes Ave in Chicago, the property offers expressway access and public transportation nearby. C1-1 zoning supports the property's current automotive service configuration. Built in 1955, the site combines service, storage, and vehicle-handling functions across its multiple-building layout.
Key Highlights
- 12,000+ SF automotive body and repair operation
- Three trailer docks and three drive‑in doors
- 17+ ft interior ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,251
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,505,020
$1.5M
Cap Rate 7%
$1,075,014
$1.1M
Cap Rate 9%
$836,122
$836.1K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$113.2K $9.43/SF
− Vacancy
−$5.7K −$0.47/SF
EGI
$107.5K $8.96/SF
− OpEx
−$32.3K −$2.69/SF
NOI
$75.3K $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%
$1,505,020
Cap Rate 7%
$1,075,014
Cap Rate 9%
$836,122
Alternative Uses
Best Use
Retail
$2.37M
$2.08M – $2.77M
NOI $166,018 @ 7.0% cap · market cap 19.53%
Second Best
Flex RnD
$1.98M
$1.73M – $2.31M
NOI $138,528 @ 7.0% cap · market cap 16.30%
Theoretical Best
Office A
$5.66M
$4.95M – $6.60M
NOI $396,058 @ 7.0% cap · market cap 46.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Dock-high doors
3
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60643, IL
47,831
Population
19,541
Households
2.4
Avg Household Size
44
Median Age
39%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
6,464
Density / Sq Mi
$83,015
Median Household Income
$53,155
Median Earnings
$1,359
Median Rent
$233,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Chicago, IL
Similar Off Market Nearby
- Cino's Quality Automotive — 9934 s halsted st, chicago, il 60628
- Halsted Auto Diagnostic Clinic — 9946 S Halsted St, Chicago, IL 60628
- Next level auto repair — 9934 S Halsted St, Chicago, IL 60628
- Joy Auto Repair Inc. — 10001 S Halsted St, Chicago, IL 60628
- All-Car Services — 9720 S Vincennes Ave, Chicago, IL 60643
Frequently Asked Questions
What type of property is this?
Auto shop - Multi-building automotive property with secured vehicle storage, service areas, and convenient expressway and public transportation access.
Where is this auto shop located?
The property is located at 9540 S Vincennes Ave Chicago, IL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 12,000+ SF automotive body and repair operation; Three trailer docks and three drive‑in doors; 17+ ft interior ceiling heights
