3800 W Division St Chicago, IL 60651
For Sale
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This exceptional 1,600 square foot vacant auto shop presents a unique owner-user investment opportunity in Chicago's vibrant Cook County. Located at 3800 W Division St, Chicago, IL 60651, this property boasts three bays, perfect for a variety of automotive businesses. The building sits on a lot previously approved by the alderman for car dealership use, offering potential for expansion or alternative uses within the B3-1 permitted zoning. Currently vacant, the property offers immediate occupancy from October 29, 2024. The 1,600 square feet of net rentable space provides ample room for operations and storage. The property includes one building and one unit. Rent bumps are permitted, offering potential for increased future income. The APN is 16021280390000. This is an ideal opportunity for a hands-on owner-operator seeking a well-situated, established space to launch or expand their automotive business. The asking price is $575,000. Don't miss this chance to acquire a prime commercial property in a thriving Chicago neighborhood.
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Big T's Auto Repair Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.