2015 79Th StChicago, IL 60649

Property Details for 2015 79Th St

Year built

1946

Lot size

0.07 AC

Property size (Sq ft)

2,200 SF

Property type

Retail space

APN

20-36-200-056

APU

2036200056

Description

This exceptional Class A retail property at 2015 E 79th St offers 12,000 square feet of prime retail space in a high-traffic location. Formerly a Walgreens, this single-tenant building boasts excellent visibility and sits on a 0.75-acre lot at a prominent hard corner, experiencing 19,000 vehicles passing daily. The property includes 44 dedicated parking spaces, a significant advantage for customers and employees. Built in 1999, the building is zoned B3-2 and benefits from a low tax rate of $5.78 per square foot. Situated in the vibrant South Shore neighborhood, this location offers unparalleled access to a large and densely populated customer base. With over 205,000 residents within a 3-mile radius, this property presents a unique opportunity for a business seeking strong community presence and high foot traffic. Convenient access to public transportation and major roads further enhances its appeal. This is an ideal space for a variety of retail uses, including those previously mentioned in the property subtype. Don't miss this chance to establish your business in a thriving and accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $821,615

  6.5%

  $758,414

  7%

  $704,241

• Comparable approach

  Method

  Valuation

  Relative Method

  $298,012

  Geo Method

  $298,012

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,493,050

  Mixed-Use / Specialty

  $750,025

  Hospitality / Lodging

  $542,869

  Office

  $739,649

  Institutional / Educational

  $777,692

  Residential Income

  $909,900

  Multifamily

  $1,122,800

  Automotive / Energy

  $666,594

  Parking / Income-Based Land

  $235,649

  Restaurant / Food Service

  $377,962

  Healthcare / Senior Housing

  $774,966

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7514

Longitude

-87.5753

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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