For Sale
$1,050,000

301 79Th St Chicago, IL 60620

High-Yield Storefront Investment

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 7,600 square foot multi-tenant retail storefront in Chicago's vibrant West Chatham neighborhood. Built in 2005, this Class B property boasts six thriving storefronts within a nearly fully occupied brick building, offering a strong 10.71% cap rate at an asking price of $1,050,000. The property sits on a 0.45-acre lot and features ample on-site parking (29 spaces), prominent pylon signage for excellent visibility, and a modified gross lease structure where tenants cover utilities. Recent improvements include a partial roof replacement and a resurfaced parking lot. The building features a 12-foot clear ceiling height and is zoned C1-1. The property's robust all-brick construction and prime location ensure a high return on investment. This owner-user or investment opportunity is ideal for those seeking a strong cash flow and significant upside potential in a thriving Chicago market. The property's APN is 20-33-201-003-0000. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable location.

Highlights

  • Price: $1,050,000
  • Property Type: Retail storefront
  • Building Class: B
  • Sale Type: Investment or owner-user opportunity
  • Cap Rate: 10.71%
  • Lot Size: 0.45 acres

Property Details for 301 79Th St

Property type
Retail properties, Retail space
Square Feet
7,600 SF
Class
B
Year Built
2005
Stories
1
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.750462
Longitude
-87.6322209
301 79Th St, Chicago, Illinois

FAQs

What type of property is this?
Retail property - High-Yield Storefront Investment
Where is the retail property located?
The property is located at 301 79Th St Chicago, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Price: $1,050,000; Property Type: Retail storefront; Building Class: B
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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301 79Th St
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