Log In/Sign Up
Your email has been sent.
301-315 W 79th St 7,600 SF 100% Leased Retail Building Chicago, IL 60620 $885,000 ($116.45/SF) 12.70% Cap Rate
EXECUTIVE SUMMARY
PRIME WEST CHATHAM INVESTMENT OPPORTUNITY WITH IMMEDIATE LEASING POTENTIAL
Discover an exceptional investment opportunity in Chicago's thriving West Chatham neighborhood! This modern 2005-built retail strip center presents both stable income and significant value-add potential with 3 units currently available for lease, including 1,100-3,000 square feet of contiguous space perfect for expanding tenants or new anchor opportunities.
Key Investment Highlights:
Flexible Leasing Opportunity: Multiple available units allow investors to control tenant mix and maximize rental income
High-Visibility Location: Prominent pylon signage and prime positioning on busy 79th Street corridor
Excellent Access: 29 dedicated parking spaces with CTA Red Line proximity driving consistent foot traffic
Tenant-Favorable Structure: Modified gross leases with tenants responsible for utilities
Turnkey Operations: Well-maintained systems with established infrastructure
Additional Opportunity: The current owner operates a successful dry cleaning business on-site, available for purchase or lease-back arrangement, providing flexibility for investors seeking immediate cash flow or business acquisition potential.
Former Bank Space: Premium build-out opportunity with existing infrastructure ideal for professional services, healthcare, or specialty retail.
This rare combination of immediate rental income potential and prime Chicago South Side location makes this an ideal opportunity for investors seeking both stability and growth in one of the city's most promising commercial corridors
Discover an exceptional investment opportunity in Chicago's thriving West Chatham neighborhood! This modern 2005-built retail strip center presents both stable income and significant value-add potential with 3 units currently available for lease, including 1,100-3,000 square feet of contiguous space perfect for expanding tenants or new anchor opportunities.
Key Investment Highlights:
Flexible Leasing Opportunity: Multiple available units allow investors to control tenant mix and maximize rental income
High-Visibility Location: Prominent pylon signage and prime positioning on busy 79th Street corridor
Excellent Access: 29 dedicated parking spaces with CTA Red Line proximity driving consistent foot traffic
Tenant-Favorable Structure: Modified gross leases with tenants responsible for utilities
Turnkey Operations: Well-maintained systems with established infrastructure
Additional Opportunity: The current owner operates a successful dry cleaning business on-site, available for purchase or lease-back arrangement, providing flexibility for investors seeking immediate cash flow or business acquisition potential.
Former Bank Space: Premium build-out opportunity with existing infrastructure ideal for professional services, healthcare, or specialty retail.
This rare combination of immediate rental income potential and prime Chicago South Side location makes this an ideal opportunity for investors seeking both stability and growth in one of the city's most promising commercial corridors
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Convenience Store
Building Size
7,600 SF
Building Class
B
Year Built
2005
Price
$885,000
Price Per SF
$116.45
Cap Rate
12.70%
NOI
$112,407
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.45 AC
Zoning
C1-1, Chicago - Neighborhood Commercial District
Parking
29 Spaces (4.33 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- 79th Cleaners
- -
- -
- -
- -
- Curtis Enterprise
- -
- 500 SF
- -
- -
- Idaya Auto Sales
- -
- 500 SF
- -
- -
- Legends Chicken & Fish
- -
- 500 SF
- -
- -
- Young Joo Yoon
- -
- 500 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| 79th Cleaners | - | - | - | - | ||
| Curtis Enterprise | - | 500 SF | - | - | ||
| Idaya Auto Sales | - | 500 SF | - | - | ||
| Legends Chicken & Fish | - | 500 SF | - | - | ||
| Young Joo Yoon | - | 500 SF | - | - |
Walk Score®
Very Walkable (76)
Transit Score®
Excellent Transit (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $134,200 | |
| Land Assessment | $44,234 | Total Assessment | $178,434 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$44,234
Improvements Assessment
$134,200
Total Assessment
$178,434
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
301-315 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.