Established Auto Body Shop For
For Sale
Contact for pricing
7455 S Harlem Ave, Bridgeview, IL 60455
Profitable auto body shop in a bustling area.
Property Size5,000 SF
Price / SF$320
Days on Market1066
Property Features for 7455 S Harlem Ave
General Information
Standard status
Active
Size
5,000 SF
Class
B
Property subtype
Retail
Zoning
C-3, Bridgeview
Investment Type
Owner/User
Net Operating Income
$144,895
Building Details
Year Built
1988
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
RE/MAX Millennium
(773) 983-4544
Listed By:
Vito Sruoga · License #471.004898
Source:
Crexi
Added: Sep 21, 2023
Changed: Aug 8
Last Checked: Aug 20 at 7:27PM
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 RE/MAX Millennium
Investment Insights
Based on property information with market context.
This auto body shop presents a profitable business opportunity in the auto industry. The well-established business is situated in a bustling area, surrounded by residential and commercial properties, dealerships, and gas stations, ensuring a consistent flow of customers. Having operated for several years, the shop has established a reputation for quality workmanship and excellent customer service. The 5,000 square foot shop is fully equipped with tools and equipment to handle various repairs, from minor dents and scratches to major collision damage. A loyal customer base and ongoing work from insurance companies, which account for 90% of the business, contribute to its success. Skilled technicians are available to provide service to every customer. The current owner is willing to provide training to the new owner to ensure a smooth transition. This turnkey opportunity is suited for an entrepreneur seeking to own and operate a successful business with a solid reputation. The shop has enormous growth potential and could expand its services to include additional repairs, detailing services, or fleet maintenance. There are 2 Flats next to the shop for sale as well.
Key Highlights
- Established auto body shop with a strong reputation.
- Turnkey business opportunity with all necessary tools and equipment included.
- Prime location** surrounded by residential, commercial properties, dealerships, and gas stations providing a steady flow of customers.
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
$69,401
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
4.34%
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%
$1,388,020
$1.4M
Cap Rate 7%
$991,443
$991.4K
Cap Rate 9%
$771,122
$771.1K
Market Conditions
NOI Build-Up for 5,000 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
$108.0K $21.60/SF
− Vacancy
−$8.9K −$1.77/SF
EGI
$99.1K $19.83/SF
− OpEx
−$29.7K −$5.95/SF
NOI
$69.4K $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%
$1,388,020
Cap Rate 7%
$991,443
Cap Rate 9%
$771,122
Alternative Uses
Best Use
Retail
$991.4K
$867.5K – $1.16M
NOI $69,401 @ 7.0% cap · market cap 4.34%
Second Best
Industrial
$307.5K
$269.0K – $358.7K
NOI $21,523 @ 7.0% cap · market cap 1.35%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,839 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
54k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 37%
Shops & Services 21%
Aldi
Groceries
23,079 visits/mo
0.5 miles
McDonald's
Dining
19,115 visits/mo
0.3 miles
Dollar General
Shops & Services
9,298 visits/mo
0.5 miles
Public Storage
Shops & Services
1,232 visits/mo
0.5 miles
Taqueria Los Comales
Dining
789 visits/mo
0.2 miles
Demographics for 60455, IL
17,098
Population
6,834
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
4,071
Density / Sq Mi
$65,342
Median Household Income
$37,303
Median Earnings
$1,139
Median Rent
$234,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Premier Window Tinting, LLC — 7707 79th Pl, Bridgeview, IL 60455
- Premier Auto Care Inc — 7939 Thomas Ave, Bridgeview, IL 60455
- Alw Auto Repair — 7941 Thomas Ave, Bridgeview, IL 60455
- Chicago Tire & Auto Repair (Formerly Suburban Tire) — 8000 S Harlem Ave, Bridgeview, IL 60455
- Futuristic Diagnostics Auto Service inc — 7937 s harlem ave ste 260, burbank, il 60459
Frequently Asked Questions
What type of property is this?
Auto shop - Profitable auto body shop in a bustling area.
Where is this auto shop located?
The property is located at 7455 S Harlem Ave Bridgeview, IL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Established auto body shop with a strong reputation.; Turnkey business opportunity with all necessary tools and equipment included.; Prime location** surrounded by residential, commercial properties, dealerships, and gas stations providing a steady flow of customers.
