Auto Repair Shop with Real
Chicago, IL 60641, Chicago, IL 60641
For Sale
New
$785,000
Business Opportunity, Chicago, IL
Property Size6,400 SF
Lot Size0.16 Acres
Price / SF$122.66
Days on Market1
Property Features
General Information
Property type
Property subtype
Subdivision
Standard status
Lot size
Tenancy & Operations
Currently Operating
Real Estate Included
Business Included
Additional Details
Automotive Uses
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
oil heat
Building Details
Floors in Building
Buildings
Listing Agency:
HomeSmart Connect LLC · HomeSmart International
Listed By:
Monika Sipiora
(847) 495-5000
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 12807481
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a 6,400-square-foot corner building configured for automotive service, with indoor capacity for up to 12 vehicles and six outdoor parking spaces. Oil heat serves the building. The sale includes the operating repair business, equipment, customer relationships, and applicable automotive licenses, subject to transfer requirements. The business has operated since 1994, and the owner is retiring.
The building occupies a 0.1582-acre lot in Chicago, Illinois. The corner location and on-site vehicle accommodation are practical features of this automotive property.
The building occupies a 0.1582-acre lot in Chicago, Illinois. The corner location and on-site vehicle accommodation are practical features of this automotive property.
Key Highlights
- 6,400‑square‑foot corner building
- Indoor space accommodates up to 12 vehicles
- Six outdoor parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,134
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,680
$802.7K
Cap Rate 7%
$573,343
$573.3K
Cap Rate 9%
$445,933
$445.9K
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$60.4K $9.43/SF
− Vacancy
−$3.0K −$0.47/SF
EGI
$57.3K $8.96/SF
− OpEx
−$17.2K −$2.69/SF
NOI
$40.1K $6.27/SF
Area
Chicago, IL
Vacancy
5.00%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,680
Cap Rate 7%
$573,343
Cap Rate 9%
$445,933
Alternative Uses
Best Use
Retail
$1.26M
$1.11M – $1.48M
NOI $88,543 @ 7.0% cap · market cap 11.28%
Second Best
Industrial
$573.3K
$501.7K – $668.9K
NOI $40,134 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,231 @ 7.0% cap · market cap 26.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,804
Businesses Nearby
38k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Apparel 37%
Dining 11%
dd's DISCOUNTS
Shops & Services
19,227 visits/mo
0.5 miles
Ross Dress for Less
Apparel
13,894 visits/mo
0.5 miles
Mr. Submarine
Dining
3,151 visits/mo
0.5 miles
Domino's Pizza
Dining
1,019 visits/mo
0.4 miles
Jackson Hewitt Tax Service
Shops & Services
579 visits/mo
0.5 miles
Demographics for 60641, IL
69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Chicago, IL
Properties on Market for Auto shops in Chicago
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- Cn Auto Repair Shocks & Struts — 3106 N Laramie Ave, Chicago, IL 60641
- Cn Auto Repair Services — 3100 N Laramie Ave, Chicago, IL 60641
- Beyond Auto Repair — 3041 N Cicero Ave, Chicago, IL 60641
- Chicago Transmission Auto Parts — 3016 N Cicero Ave, Chicago, IL 60641
- Crash Champions Collision Repair Belmont — 5350 W Belmont Ave, Chicago, IL 60641
Frequently Asked Questions
What type of property is this?
Auto shop - The offering combines an operating repair business, its equipment, and the property in one sale.
Where is this auto shop located?
The property is located at Chicago, IL.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 6,400‑square‑foot corner building; Indoor space accommodates up to 12 vehicles; Six outdoor parking spaces
