301-315 W 79th St 7,600 SF 57% Leased Retail Building Chicago, IL 60620 $870,000 ($114.47/SF) 10.71% Cap Rate

This retail strip center in Chicago’s West Chatham neighborhood offers a compelling investment opportunity with both stable income and value-add potential. Built in 2005, the property spans 7,600 square feet and provides immediate cash flow with upside through additional leasing. The center features multiple units, including a former dry-cleaning space and a former restaurant, allowing for flexible tenant mix and potential anchor opportunities.
Positioned along the busy 79th Street corridor, the property benefits from strong visibility, pylon signage, and excellent access to public transportation, including proximity to the CTA Red Line and major bus routes. The site includes 29 dedicated parking spaces, enhancing convenience for tenants and customers. Current tenants include a mix of local businesses, and the property operates under modified gross leases, reducing landlord expenses.