558 79Th StChicago, IL 60619

Property Details for 558 79Th St

Year built

1960

Lot size

0.12 AC

Property size (Sq ft)

5,100 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional 5,100 square foot storefront property at 558 E. 79th Street in Chicago, Illinois, presents a compelling investment opportunity. Located in Cook County, zip code 60619, this single-tenant retail space boasts a highly desirable location at a signalized hard corner on a 0.12-acre lot. The property, built in 1960, is currently under a Net Net Net (NNN) lease with a remaining term of seven years, expiring March 29, 2028. The asking price is $595,000, representing an attractive 9.00% capitalization rate. The property includes eight parking spaces, providing ample convenience for both tenants and customers. This is part of a three-property portfolio, offering potential for further investment and synergy. The strong lease and high cap rate make this a stable and potentially lucrative addition to any investment portfolio. This well-positioned storefront offers significant upside potential for savvy investors seeking a reliable, high-return asset in a thriving Chicago market. The property's strategic location and long-term lease provide a secure and profitable investment opportunity.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7515

Longitude

-87.6103

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