Automotive Retail Shop
For Sale
$2,790,000
955 Rand Road, Des Plaines, IL 60016
For-sale automotive-focused commercial property located at 955 Rand Road in Des Plaines.
Property Size7,000 SF
Days on Market52
Property Features for 955 Rand Road
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Business Opportunity
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$47,062
Amenities
Central Air
Building Details
Building Size
7,000 SF
Stories
1
Listing Agency:
(847) 338-3058
Listed By:
Jamie Lee
(847) 338-3058
Source:
Evrealestate
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 11 at 7:07AM
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 Jamie Lee
Investment Insights
Based on property information with market context.
This for-sale commercial property is categorized for auto shop and automotive uses, with an associated listing profile that also includes retail spaces and commercial real estate. The offering is presented as an automotive retail/shop type asset at 955 Rand Road. No additional building details or unit configuration information is provided in the listing remarks.
The property is located at 955 Rand Road in Des Plaines, Illinois, in Cook County. The provided directions note: Golf Rd north on Rand Rd West, which may help prospective visitors locate the site from the nearest arterial route mentioned in the remarks.
Because the property is specifically classified for auto shop and automotive uses, it may be a practical fit for buyers and operators seeking an automotive-oriented storefront or service location. It may also be considered by parties evaluating a commercial retail concept aligned with automotive operations. As no further specifications are included here, due diligence such as a site visit and review of applicable property documentation would be important to confirm final suitability for any intended use.
The property is located at 955 Rand Road in Des Plaines, Illinois, in Cook County. The provided directions note: Golf Rd north on Rand Rd West, which may help prospective visitors locate the site from the nearest arterial route mentioned in the remarks.
Because the property is specifically classified for auto shop and automotive uses, it may be a practical fit for buyers and operators seeking an automotive-oriented storefront or service location. It may also be considered by parties evaluating a commercial retail concept aligned with automotive operations. As no further specifications are included here, due diligence such as a site visit and review of applicable property documentation would be important to confirm final suitability for any intended use.
Key Highlights
- Automotive‑focused commercial property for sale at 955 Rand Road in Des Plaines
- Central air conditioning
- Directions: Golf Rd north on Rand Rd W (Cook County)
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
$97,161
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
3.48%
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%
$1,943,220
$1.9M
Cap Rate 7%
$1,388,014
$1.4M
Cap Rate 9%
$1,079,567
$1.1M
Market Conditions
NOI Build-Up for 7,000 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
$151.2K $21.60/SF
− Vacancy
−$12.4K −$1.77/SF
EGI
$138.8K $19.83/SF
− OpEx
−$41.6K −$5.95/SF
NOI
$97.2K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /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%
$1,943,220
Cap Rate 7%
$1,388,014
Cap Rate 9%
$1,079,567
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $97,161 @ 7.0% cap · market cap 3.48%
Second Best
Industrial
$430.5K
$376.7K – $502.2K
NOI $30,133 @ 7.0% cap · market cap 1.08%
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,175 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,309
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Public Storage
Shops & Services
1,666 visits/mo
0.4 miles
Metro Self Storage
Shops & Services
1,087 visits/mo
0.5 miles
Demographics for 60016, IL
61,888
Population
25,613
Households
2.4
Avg Household Size
42
Median Age
43%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
5,115
Density / Sq Mi
$84,044
Median Household Income
$50,180
Median Earnings
$1,406
Median Rent
$300,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Mobile Truck Trailer Repair And Tires — 1259 Rand Rd, Des Plaines, IL 60016
- Tri-R-Service Inc — 419 E Golf Rd, Des Plaines, IL 60016
- Hellstrom Automotive Inc — 190 S Wolf Rd, Des Plaines, IL 60016
- Jidd Motors Mitsubishi Parts — 1313 Rand Rd, Des Plaines, IL 60016
- Jidd Motors Mitsubishi Service — 1313 Rand Rd, Des Plaines, IL 60016
Frequently Asked Questions
What type of property is this?
Auto shop - For-sale automotive-focused commercial property located at 955 Rand Road in Des Plaines.
Where is this auto shop located?
The property is located at 955 Rand Road Des Plaines, IL.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: Automotive‑focused commercial property for sale at 955 Rand Road in Des Plaines; Central air conditioning; Directions: Golf Rd north on Rand Rd W (Cook County)
