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Freestanding Autobody off I-57 | Chicago MSA 49-59 North St 12,600 SF 80% Leased Industrial Building Online Auction Sale Park Forest, IL 60466
Matterport 3D Tours
Investment Highlights
- Subject at 49-59 North Street presents a 12,600-square-foot autobody building equipped with 20’ clear height and six 14’ drive-ins.
- Auto-related industry neighbors include O’Reilly Auto Parts, AutoZone, Caliber Collision, and a Hyundai and Ford dealership and service center.
- Transportation and maintenance is the second largest spending category of the 5-mile consumer spending power, generating over $469.2M.
- Quick Interstate access to I-57, I-80, and I-294, near growing south suburban market areas like Matteson and Richton Park, for consumer demand.
- Light industrial and commercial services with residential neighborhoods are nearby, supporting workforce accessibility in Cook County.
- 1 year leaseback option available. Contact listing broker for details and information
Executive Summary
Entre Commercial Realty is pleased to offer qualified investors the opportunity to purchase a fee simple interest in the freestanding industrial building on North Street in Park Forest, Illinois.
The subject offers a rare owner/user or investment opportunity. Spanning 12,600 square feet on a 1-acre parcel, the property features six 14-foot drive-in doors and a functional layout that can be subdivided into six individual 2,100-square-foot bays, each offering office and mezzanine space. The building features an asphalt stone roof, updated LED lighting, and triple catch-basin drainage infrastructure, providing a durable, efficient operating environment.
Recent upgrades include resurfacing the parking lot in 2020 and the installation of emergency exit doors on the south side of the building, ensuring compliance and ease of use. Parking is generous, with space for approximately 55 vehicles.
Located in Cook County, this property benefits from quick access to major roadways, including Interstate 57, US Highway 30, and Route 50, enhancing connectivity to Chicago and trade networks throughout the Midwest. Area amenities include major retailers, auto service operations, and community services.
In the Chicago metro, industrial employment is anchored by trade, transportation, utilities, and manufacturing. Ford Motor Company employs more than 5,500 workers across two regional facilities totaling over 4 million square feet, while US Steel maintains a significant presence with more than 4,000 employees. Food and consumer goods manufacturers, including Kraft Heinz, Mondelez, Mars, and Ferrero, continue to invest in the market. Fulton Market's mHUB, the nation's largest independent manufacturing innovation center, further reflects Chicago's role in advanced manufacturing.
A business purchase option is available for buyers interested in acquiring the existing collision repair operation currently occupying the premises. Potential Class 8 tax incentives add a compelling financial advantage for qualifying users.
Property tours are by appointment only. Please contact the listing broker to schedule.
The subject offers a rare owner/user or investment opportunity. Spanning 12,600 square feet on a 1-acre parcel, the property features six 14-foot drive-in doors and a functional layout that can be subdivided into six individual 2,100-square-foot bays, each offering office and mezzanine space. The building features an asphalt stone roof, updated LED lighting, and triple catch-basin drainage infrastructure, providing a durable, efficient operating environment.
Recent upgrades include resurfacing the parking lot in 2020 and the installation of emergency exit doors on the south side of the building, ensuring compliance and ease of use. Parking is generous, with space for approximately 55 vehicles.
Located in Cook County, this property benefits from quick access to major roadways, including Interstate 57, US Highway 30, and Route 50, enhancing connectivity to Chicago and trade networks throughout the Midwest. Area amenities include major retailers, auto service operations, and community services.
In the Chicago metro, industrial employment is anchored by trade, transportation, utilities, and manufacturing. Ford Motor Company employs more than 5,500 workers across two regional facilities totaling over 4 million square feet, while US Steel maintains a significant presence with more than 4,000 employees. Food and consumer goods manufacturers, including Kraft Heinz, Mondelez, Mars, and Ferrero, continue to invest in the market. Fulton Market's mHUB, the nation's largest independent manufacturing innovation center, further reflects Chicago's role in advanced manufacturing.
A business purchase option is available for buyers interested in acquiring the existing collision repair operation currently occupying the premises. Potential Class 8 tax incentives add a compelling financial advantage for qualifying users.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Lease
Market Analytics Click Here to Access
Property Facts
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Chicago
2,705,994
29
0 h 49 m
Indianapolis
867,125
159
3 h 15 m
Detroit
672,662
270
5 h 7 m
Columbus
892,533
336
6 h 32 m
Nashville
669,053
445
8 h 28 m
Memphis
650,618
521
9 h 30 m
Access and Labor Force
10 Miles
Total Population
513,973
Total Labor Force
282,413
Unemployment Rate
6.86%
Median Household Income
$78,525
Warehouse Employees
53,545
High School Education Or Higher
92.00%
Sale Advisor
Sale Advisor
Laura Perlman, Broker
Laura is a distinguished real estate professional with extensive experience in commercial real estate, particularly in the industrial sector. She was honored as the Broker of the Year in 2025 by DarwinPW Realty/CORFAC International. Laura has a proven track record of successfully managing complex transactions, including a landmark ten-year lease for a 92,955- square-foot space on Chicago’s Goose Island on behalf of a major global machine tool supplier. Her diverse portfolio also includes tenant representation for a 37,219-square-foot lease in Chicago and significant buyer and seller representations in Alsip, the Illinois Medical District, and Schaumburg.
Laura Perlman was born and raised in the Northwest Suburbs of Chicago and now resides in the West Loop. Her deep-rooted passion for Chicago’s architectural and industrial history has kept her committed to the city.
Laura Perlman was born and raised in the Northwest Suburbs of Chicago and now resides in the West Loop. Her deep-rooted passion for Chicago’s architectural and industrial history has kept her committed to the city.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Kevin Loudy
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Freestanding Autobody off I-57 | Chicago MSA | 49-59 North St
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Freestanding Autobody off I-57 | Chicago MSA | 49-59 North St
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