Leased 3-bay auto repair shop on a corner double lot,… — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chicago, IL 60651

Photos

Leased 3-bay auto repair shop on a corner double lot,… — Sale in Chicago, IL, photo 1 of 2
Leased 3-bay auto repair shop on a corner double lot,… — Sale in Chicago, IL, photo 2 of 2

Description

Leased 3-bay mechanic shop on a corner double lot in Chicago’s Humboldt Park neighborhood. The 1,600 SF building sits on two PIN numbers, providing substantial land value in addition to the operating business. The property is currently occupied with an automotive repair tenant, generating income. The corner location offers excellent visibility and redevelopment potential in one of Chicago’s fastest-appreciating west side neighborhoods.

Market Context

This retail in Chicago, IL is listed for sale. Compare it against other retail listings for sale in Chicago, IL — view the full market.

As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Chicago?
About 7.9% as of Q4 2025, per multiple brokerage reports.
Is the Chicago retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).

Estimated Price per SF

$56.15/SF – $408.36/SF

Mid: $170.15/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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