Automotive Repair Facility with Service
New
For Sale
$850,000
9952 S Halsted Street, Chicago, IL 60628
Established automotive facility with service bays, offices, customer waiting area, storage, and paved parking.
Property Size4,699 SF
Price / SF$180.89
Days on Market4
Property Features for 9952 S Halsted Street
General Information
Standard status
Active
Size
4,699 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$20,139
Building Details
Building Size
4,699 SF
Listing Agency:
Urbanitas Inc.
Listed By:
Hildebrando Torres · License #471004509
(773) 418-8163
Source:
Dawnmckennagroup
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 12 at 2:50PM
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 Urbanitas Inc.
Investment Insights
Based on property information with market context.
This automotive repair facility includes approximately 4,699 square feet of building area on approximately 18,168 square feet of land across six city lots. The property has 10 service bays, multiple automotive lifts, and a 1985 addition designed for automotive service operations. Five overhead doors serve the newer portion, including four measuring approximately 10' x 8'8" and one measuring approximately 10' x 12'. Double-bay configurations add flexibility for repair and vehicle service work.
The building also contains an office suite, customer waiting room, stock room, and large inventory storage room. A paved parking area and separate side storage lot provide space for vehicles, equipment, and daily operations. All three roof sections were replaced in 2020, while the rooftop heating and air-conditioning unit was installed approximately six years ago. Additional indoor heating serves the repair area. The sale includes the real estate and some equipment, with inventory negotiable. An NFR Letter was obtained from Illinois EPA.
The building also contains an office suite, customer waiting room, stock room, and large inventory storage room. A paved parking area and separate side storage lot provide space for vehicles, equipment, and daily operations. All three roof sections were replaced in 2020, while the rooftop heating and air-conditioning unit was installed approximately six years ago. Additional indoor heating serves the repair area. The sale includes the real estate and some equipment, with inventory negotiable. An NFR Letter was obtained from Illinois EPA.
Key Highlights
- Approximately 4,699‑square‑foot automotive repair building
- 10 service bays with multiple automotive lifts
- Approximately 18,168 square feet across six city lots
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
$65,010
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
7.65%
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%
$1,300,200
$1.3M
Cap Rate 7%
$928,714
$928.7K
Cap Rate 9%
$722,333
$722.3K
Market Conditions
NOI Build-Up for 4,699 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
$101.5K $21.60/SF
− Vacancy
−$8.6K −$1.84/SF
EGI
$92.9K $19.76/SF
− OpEx
−$27.9K −$5.93/SF
NOI
$65.0K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
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%
$1,300,200
Cap Rate 7%
$928,714
Cap Rate 9%
$722,333
Alternative Uses
Best Use
Retail
$928.7K
$812.6K – $1.08M
NOI $65,010 @ 7.0% cap · market cap 7.65%
Second Best
Industrial
$421.0K
$368.3K – $491.1K
NOI $29,467 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$2.22M
$1.94M – $2.58M
NOI $155,090 @ 7.0% cap · market cap 18.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
51k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Shell
Shops & Services
15,986 visits/mo
0.2 miles
BP
Shops & Services
11,229 visits/mo
0.1 miles
KFC
Dining
8,574 visits/mo
0.3 miles
Family Dollar
Shops & Services
8,149 visits/mo
0.4 miles
SUBWAY
Dining
4,614 visits/mo
0.5 miles
Demographics for 60628, IL
62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with service bays, offices, customer waiting area, storage, and paved parking.
Where is this auto shop located?
The property is located at 9952 S Halsted Street Chicago, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approximately 4,699‑square‑foot automotive repair building; 10 service bays with multiple automotive lifts; Approximately 18,168 square feet across six city lots
