301-315 W 79th St 7,600 SF 57% Leased Retail Building Chicago, IL 60620 $885,000 ($116.45/SF) 10.53% Cap Rate

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:
Current cap rate estimated to be 10.53, with Proforma estimated to be at 12.7% with an NOI of $112,407
Seller financing available!
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