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7325-7333 W 79th St
Bridgeview, IL 60455
Prime Commercial Space-Endless Possibilities · Retail Property For Sale
Investment Highlights
- Ground lease assignment through January 31, 2031, for a fixed payment of $200,000.
- Full operational control of the property’s management, expenses, and leasing under the terms of the assigned lease.
- Existing rental income stream of roughly $275,000 annually from current tenants, providing immediate cash flow potential.
- No personal liability for the assignee as outlined in the ground lease provisions.
Executive Summary
The Bridgeview owners are moving in a new direction, and they have just approved this extraordinary opportunity.
The owners have agreed to assign the ground lease — which currently runs through 1/31/31 — for a fixed sum of $200,000.
As assignee, you would be entitled to:
• Immediate occupancy of ~94,000 SF (former Kmart), which may be used directly or shared/subleased to others
• Collect existing rental income from the other tenants of approximately $275,000/year
• Assume control of the property’s operations and expenses
• Operate without personal liability, as provided in the ground lease
The owners have agreed to assign the ground lease — which currently runs through 1/31/31 — for a fixed sum of $200,000.
As assignee, you would be entitled to:
• Immediate occupancy of ~94,000 SF (former Kmart), which may be used directly or shared/subleased to others
• Collect existing rental income from the other tenants of approximately $275,000/year
• Assume control of the property’s operations and expenses
• Operate without personal liability, as provided in the ground lease
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Freestanding
Building Size
114,667 SF
Building Class
B
Year Built
1970
Percent Leased
17%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.27
Lot Size
9.92 AC
Zoning
Commercial
Parking
560 Spaces (4.88 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,644,076 | |
| Land Assessment | $1,096,425 | Total Assessment | $2,740,501 |
Property Taxes
Parcel Numbers
Land Assessment
$1,096,425
Improvements Assessment
$1,644,076
Total Assessment
$2,740,501
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