2633 79Th StChicago, IL 60649

Property Details for 2633 79Th St

Year built

1960

Lot size

0.76 AC

Property size (Sq ft)

11,700 SF

Property type

Retail space

APN

21-31-104-041

APU

2131104041

Description

This exceptional freestanding retail property, located at 2633 E 79th Street in Chicago, Illinois, offers 12,450 square feet of versatile commercial space. Situated on a sizable 0.76-acre lot (approximately 33,000 square feet), this single-tenant building presents a unique opportunity for businesses seeking a prominent location in the Southeast submarket of Cook County. Built in 1980 and extensively renovated in 2023, the property boasts modern amenities and is ready for immediate occupancy. The building is zoned B3-2, allowing for a wide range of commercial uses. Ample parking is available with 45 spaces provided on-site. The property's strategic location in the vibrant Southeast Chicago market offers excellent visibility and accessibility, making it an ideal choice for businesses seeking high foot traffic and convenient access for customers and employees. The entire 12,450 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This is a rare opportunity to acquire a fully renovated, freestanding retail building in a desirable location. The property's size, location, and recent renovations make it an attractive investment for businesses seeking a strong presence in the Chicago market. The zip code is 60649.

• CAP approach

  CAP return

  Valuation

  6%

  $4,369,500

  6.5%

  $4,033,380

  7%

  $3,745,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,584,880

  Geo Method

  $1,584,880

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,940,300

  Mixed-Use / Specialty

  $3,988,770

  Hospitality / Lodging

  $2,887,080

  Office

  $3,933,590

  Institutional / Educational

  $4,135,910

  Residential Income

  $4,839,010

  Multifamily

  $5,971,250

  Automotive / Energy

  $3,545,070

  Parking / Income-Based Land

  $1,253,230

  Restaurant / Food Service

  $2,010,070

  Healthcare / Senior Housing

  $4,121,410

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7515

Longitude

-87.5608

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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