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    OFF-MARKET
    Auto shops

    6455 111th St, Worth, IL 60482-1635

    1.15 ac lot Built 1987
    Trust Owned 18-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-0667905
    Property summary
    AI-generated overview

    This exceptional 14,400 square foot automotive strip plaza in Worth, Illinois, presents a compelling investment opportunity. Situated on the highly visible 111th Street corridor, experiencing over 27,000 vehicles daily, this property boasts six fully leased units, each featuring multiple drive-in doors. The current tenants provide a stable income stream, contributing to a strong 8% cap rate, further enhanced by annual lease escalations ensuring consistent income growth. The property operates under a triple net lease (NNN) structure, minimizing landlord responsibilities and maximizing investor returns. Its prime location within a thriving commercial area makes it ideally suited for automotive-related businesses and offers significant upside potential through future lease renegotiations or strategic improvements. This fully leased asset offers a rare chance to acquire a high-performing commercial property with excellent visibility and strong cash flow, making it an attractive addition to any investment portfolio. The property's location and tenant mix provide a solid foundation for long-term value appreciation and consistent rental income. This is a turnkey investment opportunity for those seeking a stable and profitable commercial real estate asset.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1987
    Lot 1.15 ac (50,094 SF)
    APN 24-19-239-008
    UPID US28-0667905
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • N & A Auto Service Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Trust 8428 · 18 yrs held
    Trust 8428
    since 2008
    7 recorded transactions
    2017
    2016
    2013
    2008
    1999
    $1.1M
    1998
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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