Auto Shop with Heated
9822 Southwest Highway, Oak Lawn, IL 60453
For Sale
New
$649,000
The renovated commercial property pairs showroom and office areas with a heated garage and on-site parking.
Property Size5,400 SF
Price / SF$120.19
Days on Market5
Property Features for 9822 Southwest Highway
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Utilities to Site
Additional Details
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
new reception area
office
kitchen with table space
refrigerator
microwave
new walls
new windows
new doors
new trimming
new drop ceiling
all new lighting
heated garage
new roof
new beams
new electric 220 AMP
3 all-new electrical boxes
new ventilation
new water drainage
3 new overhead doors
new siding
new gutters
1.5 bathrooms
bathroom with shower
12 inside parking spaces
12 outside parking spaces
HVAC units
alarm system
fire alarm system
8 security cameras
2 TVs
reroofing over garage (rubber)
Building Details
Building Size
Year Built
Year Renovated
Buildings
Construction
Listing Agency:
RE/MAX 10 in the Park
Listed By:
Irena Soprych · License #475122739
(708) 857-1500
Source:
Dawnmckennagroup
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 2:22PM
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 10 in the Park
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Investment Insights
Based on property information with market context.
This 5,400-square-foot auto shop was renovated in 2022 and includes a showroom connected to a heated garage. The garage roof structure reaches 14 feet and has three overhead doors. Interior areas include a reception space, office, kitchen with table space, and 1.5 bathrooms, including one with a shower. Improvements also include HVAC units, ventilation, drainage, security and fire alarm systems, and eight security cameras. The property is commercially zoned.
Positioned on Southwest Highway in Oak Lawn, the building has exposure to a road carrying approximately 25,000 vehicles per day. Parking is available for 12 vehicles inside and 12 outside, with six exterior spaces at the front and six along the side street.
Positioned on Southwest Highway in Oak Lawn, the building has exposure to a road carrying approximately 25,000 vehicles per day. Parking is available for 12 vehicles inside and 12 outside, with six exterior spaces at the front and six along the side street.
Key Highlights
- 5,400‑square‑foot auto shop renovated in 2022
- Heated garage with 14‑foot roof height and 3 overhead doors
- Showroom, reception area, office, kitchen, and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,245
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,900
$464.9K
Cap Rate 7%
$332,071
$332.1K
Cap Rate 9%
$258,278
$258.3K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$35.0K $6.48/SF
− Vacancy
−$1.8K −$0.33/SF
EGI
$33.2K $6.15/SF
− OpEx
−$10.0K −$1.84/SF
NOI
$23.2K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,900
Cap Rate 7%
$332,071
Cap Rate 9%
$258,278
Alternative Uses
Best Use
Retail
$1.07M
$936.9K – $1.25M
NOI $74,953 @ 7.0% cap · market cap 11.55%
Second Best
Industrial
$332.1K
$290.6K – $387.4K
NOI $23,245 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.86M
$1.63M – $2.18M
NOI $130,506 @ 7.0% cap · market cap 20.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
25,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,432
Businesses Nearby
389k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 44%
Dining 38%
Shops & Services 18%
Kohl's
Apparel
99,171 visits/mo
0.3 miles
Chick-fil-A
Dining
68,843 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
63,714 visits/mo
0.3 miles
Buffalo Wild Wings
Dining
43,029 visits/mo
0.5 miles
Dollar Tree
Shops & Services
33,279 visits/mo
0.2 miles
Demographics for 60453, IL
58,362
Population
23,115
Households
2.5
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
6,866
Density / Sq Mi
$82,493
Median Household Income
$48,810
Median Earnings
$1,310
Median Rent
$267,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Cook County, IL
Properties on Market for Auto shops in Cook County
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Auto shop - The renovated commercial property pairs showroom and office areas with a heated garage and on-site parking.
Where is this auto shop located?
The property is located at 9822 Southwest Highway Oak Lawn, IL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 5,400‑square‑foot auto shop renovated in 2022; Heated garage with 14‑foot roof height and 3 overhead doors; Showroom, reception area, office, kitchen, and 1.5 bathrooms
