Commercial Property on Burnham
For Sale
Contact for pricing
977 Burnham Ave, Calumet City, IL
2,435 SF commercial property with fenced lot for sale.
Property Size2,435 SF
Lot Size0.07 Acres
Price / SF$92.40
Days on Market624
Property Features for 977 Burnham Ave
General Information
Standard status
Active
Size
2,435 SF
Lot size
0.07 Acres
Property subtype
RETAIL
Listing Agency:
Lagestee-Mulder (LM)
(224) 523-9174
Listed By:
Martha Winter · License #471002749
(224) 523-9174
Source:
Moodyscre
Added: Nov 15, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:27AM
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 Lagestee-Mulder (LM)
Investment Insights
Based on property information with market context.
This commercial property offers approximately 2,435 square feet of space and is situated on the east side of Burnham Avenue, south of Ruth Street. The lot size is approximately 21,875 square feet. The property was previously used as an automotive repair shop and includes a fenced lot. There is a possible option for block assemblage.
Key Highlights
- Large Lot Size: Approximately 21,875 SF provides ample space.
- Commercial Property: Approximately 2,435 SF of commercial space available.
- Fenced Lot: Offers a secure and enclosed outdoor area.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.8k | $6.48 |
| − Vacancy | −$805 | −$0.33 |
| EGI | $15.0k | $6.15 |
| − OpEx | −$4.5k | −$1.84 |
| NOI | $10.5k | $4.30 |
2,435 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$482.8K
$422.5K – $563.3K
NOI $33,798 @ 7.0% cap · market cap 15.02%
Second Best
Industrial
$149.7K
$131.0K – $174.7K
NOI $10,482 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$840.7K
$735.6K – $980.8K
NOI $58,849 @ 7.0% cap · market cap 26.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
41k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 23%
McDonald's
Dining
25,457 visits/mo
0.5 miles
Dollar General
Shops & Services
9,295 visits/mo
0.4 miles
Mr. Submarine
Dining
6,098 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Friendly Service Center — 1290 Freeland Ave, Calumet City, IL 60409
- Good Year — 1227 Burnham Ave, Calumet City, IL 60409
- Cassidy Tire and Service — 1063 River Oaks Dr, Calumet City, IL 60409
- Calumet City Auto Tinting — 671 River Oaks Dr Suite B, Calumet City, IL 60409
- AA Calumet City Mechanic And Tire Shop — 1227 Burnham Ave, Calumet City, IL 60409
Frequently Asked Questions
What type of property is this?
Auto shop - 2,435 SF commercial property with fenced lot for sale.
Where is this auto shop located?
The property is located at 977 Burnham Ave Calumet City, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Large Lot Size: Approximately 21,875 SF provides ample space.; Commercial Property: Approximately 2,435 SF of commercial space available.; Fenced Lot: Offers a secure and enclosed outdoor area.
