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79th Street Plaza 8401-8425 W 79th St 9,000 SF 100% Leased Retail Building Justice, IL 60458 $1,900,000 ($211.11/SF) 6.79% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased
- Frontage on Main Arterial Street with 27,400 Cars Daily
- Located in a Dense Residential Area
EXECUTIVE SUMMARY
Property is strategically located in the Chicago-Naperville-Elgin market with direct frontage on 79th St
100% Leased Strip Mall
Most Tenants are Long-Term
Three Ingress/Egress Points
Strong operating history, with substantial upside potential
Laundromat also for sale, see attached executive summary
100% Leased Strip Mall
Most Tenants are Long-Term
Three Ingress/Egress Points
Strong operating history, with substantial upside potential
Laundromat also for sale, see attached executive summary
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$210,600
|
$23.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$210,600
|
$23.40
|
| Taxes |
$71,330
|
$7.93
|
| Operating Expenses |
$14,100
|
$1.57
|
| Total Expenses |
$85,430
|
$9.49
|
| Net Operating Income |
$125,170
|
$13.91
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $210,600 |
| Annual Per SF | $23.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $210,600 |
| Annual Per SF | $23.40 |
| Taxes | |
|---|---|
| Annual | $71,330 |
| Annual Per SF | $7.93 |
| Operating Expenses | |
|---|---|
| Annual | $14,100 |
| Annual Per SF | $1.57 |
| Total Expenses | |
|---|---|
| Annual | $85,430 |
| Annual Per SF | $9.49 |
| Net Operating Income | |
|---|---|
| Annual | $125,170 |
| Annual Per SF | $13.91 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,000 SF
Building Class
B
Year Built
1979
Price
$1,900,000
Price Per SF
$211.11
Cap Rate
6.79%
NOI
$129,010
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.12 AC
Zoning
B-1, Justice
Parking
51 Spaces (5.67 Spaces per 1,000 SF Leased)
Frontage
326’ on 79th St
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Allparts Auto Parts Inc
- Retailer
- -
- -
- -
- Lucky Penny
- Retailer
- -
- -
- -
- V & G Laundry
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Allparts Auto Parts Inc | Retailer | - | - | - | ||
| Lucky Penny | Retailer | - | - | - | ||
| V & G Laundry | Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 18-35-101-041-0000 | Total Assessment | $253,000 |
| Land Assessment | $146,790 | Annual Taxes | $71,330 ($7.93/SF) |
| Improvements Assessment | $106,210 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
18-35-101-041-0000
Land Assessment
$146,790
Improvements Assessment
$106,210
Total Assessment
$253,000
Annual Taxes
$71,330 ($7.93/SF)
Tax Year
2024
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Presented by
Brainstorm Properties- Commercial Realty
79th Street Plaza | 8401-8425 W 79th St
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