Log In/Sign Up
Your email has been sent.
Former KFC | QSR In Retail Corridor 1914 W 79th St 3,712 SF Vacant Retail Building Online Auction Sale Chicago, IL 60620
INVESTMENT HIGHLIGHTS
- 3,712-square-foot retail building equipped with a drive-thru and prominent building signage opportunities.
- 1914 W 79th Street presents a prime quick-service retail (QSR) opportunity for a user or investor to generate rental income quickly.
- Food and drinks are the largest spending category within a 15-minute drive of the subject property, showcasing the corridor’s profitability.
- Surrounded by national retailers and a powerful consumer spending budget within a vibrant south Chicago retail corridor.
- Multiple CTA bus stops surround the property, enabling prime visibility and exposure to foot traffic.
- Absolute auction | Starting bid $1.
EXECUTIVE SUMMARY
1914 West 79th Street is a 3,712-square-foot, freestanding restaurant with a drive-thru in Chicago, Illinois. This retail building has multiple access points on the prominent corner of 79th Street and Wolcott. The property is strategically situated with rapid ingress and egress in front of more than 12,900 vehicles daily, with ample surface parking available. 1914 West 79th Street occupies about 0.51 acres and has prominent building signage.
This restaurant is primed as a value-add investment or owner/user acquisition thanks to its position in a major retail corridor alongside nationally and internationally renowned tenants. There are numerous fast-food chain restaurants within a 1-mile radius, including McDonald’s, Taco Bell, Wendy’s, Dunkin’, White Castle, Burger King, and Popeyes Louisiana Kitchen. Household-named retailers within 3 miles include Walmart Supercenter, Aldi, Whole Foods Market, Family Dollar, Walgreens, CVS, Dollar Tree, Metro by T-Mobile, and many more.
Approximately 680,200 people live within a 5-mile radius and generate an average household income of more than $67,400. Residents spend about $6 billion annually, and more than $1.7 billion of that is spent exclusively on food at and away from home.
1914 West 79th Street is an incredible opportunity for a new owner to acquire a well-established freestanding property in a dynamic area. A motivated investor or owner/user could transform this restaurant into a newfound favorite in the booming Chicago community.
Property tours are available by appointment only. Please contact the listing broker to schedule.
This restaurant is primed as a value-add investment or owner/user acquisition thanks to its position in a major retail corridor alongside nationally and internationally renowned tenants. There are numerous fast-food chain restaurants within a 1-mile radius, including McDonald’s, Taco Bell, Wendy’s, Dunkin’, White Castle, Burger King, and Popeyes Louisiana Kitchen. Household-named retailers within 3 miles include Walmart Supercenter, Aldi, Whole Foods Market, Family Dollar, Walgreens, CVS, Dollar Tree, Metro by T-Mobile, and many more.
Approximately 680,200 people live within a 5-mile radius and generate an average household income of more than $67,400. Residents spend about $6 billion annually, and more than $1.7 billion of that is spent exclusively on food at and away from home.
1914 West 79th Street is an incredible opportunity for a new owner to acquire a well-established freestanding property in a dynamic area. A motivated investor or owner/user could transform this restaurant into a newfound favorite in the booming Chicago community.
Property tours are available by appointment only. Please contact the listing broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,712 SF
Building Class
B
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.51 AC
Parcel Numbers
Zoning
B3-1; Chicago - Community Shopping District
Parking
32 Spaces (8.62 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
3,712 square foot retail building available for lease or sale.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,712 SF | Retail | Outparcel | 30 Days |
1st Floor
| Size |
| 3,712 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| 30 Days |
1st Floor
| Size | 3,712 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | 30 Days |
3,712 square foot retail building available for lease or sale.
Walk Score®
Very Walkable (73)
ABOUT SOUTH CHICAGO
Buttressed between various passenger and freight transmodal nodes, South Chicago is well situated for residents to get to their places of employment throughout the metropolitan area. Opportunities for recreation abound here, too, with the South Shore Cultural Center, Harborside International Golf Center, and the Museum of Science and Industry all within its confines. For a true getaway, residents are near Chicago’s Midway Airport to the northeast.
In addition to area employment that supports Midway Airport, South Chicago is home to businesses that capitalize on the numerous distribution points, access to fresh water for manufacturing and data hosting processes, and a congregation of warehouse and distribution centers. Local employers include automobile manufacturer Ford Motor Company (4,700 employees), digital infrastructure provider Equinix (2,800 employees) and charter bus company Ram Transportation Services (2,200 employees.)
The Chicago Metropolitan Agency for Planning (CMAP) has earmarked almost $1 billion for transportation improvements and extensions within Southwest Cook County, in addition to tax incentives to attract more employers and residents to the area.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
29,517
252,224
680,224
2020 Population
31,330
271,989
739,296
2029 Population
28,356
241,451
650,026
2024-2029 Projected Population Growth
-3.9%
-4.3%
-4.4%
Daytime Employees
5,122
48,801
193,253
Total Businesses
562
6,056
22,123
Average Household Income
$61,938
$63,486
$67,498
Median Household Income
$43,241
$43,927
$47,600
Total Consumer Spending
$246.5M
$2.1B
$5.9B
Median Age
42.1
38.2
37.8
2024 Households
11,314
88,200
244,111
Percent College Degree or Above
11%
11%
13%
Average Home Value
$174,508
$214,853
$232,405
NEARBY MAJOR RETAILERS
Fifth Third Bank
SALE ADVISOR
SALE ADVISOR
Chuck Dickstein, Director
Chuck is responsible for identifying and evaluating industrial investment opportunities across the country, in addition to 3rd party commercial brokerage across all asset classes. His role includes underwriting, transacting, and business development. Since joining in 2021, Chuck has completed over 500,000sf of industrial transactions across multiple different markets. Prior to joining QRG, Chuck was an Associate at Mohr Partners, Inc. with a focus on Industrial tenant representation. There, he guided clients through the entire transaction process and worked alongside counsel to negotiate the most favorable lease terms on his clients’ behalf. Chuck is a licensed broker in Illinois and received his BA in Finance from Columbia College Chicago.
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.
Read More
AUCTION CONTACT
Victoria Quade
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
1 of 24
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
Presented by
Former KFC | QSR In Retail Corridor | 1914 W 79th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
Former KFC | QSR In Retail Corridor | 1914 W 79th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.