9944 Western AveChicago, IL 60643

Property Details for 9944 Western Ave

Year built

1956

Lot size

0.07 AC

Property size (Sq ft)

7,600 SF

Property type

Retail space

APN

24-12-408-030

APU

2412408030

Description

This exceptional retail property, located at 9944 S Western Ave in Chicago, Illinois, offers a fantastic opportunity for owner-users or investors. The 1,500-square-foot building is comprised of two vacant, contiguous units, each approximately 750 square feet. Previously occupied by a barbershop and a hair salon, these spaces are ideally suited for a variety of beauty-related businesses. One unit benefits from an existing, approved nail salon license, presenting a unique advantage for a prospective salon operator. The property is located in Cook County, zip code 60643, and offers excellent visibility and accessibility. Each unit is currently listed for lease at $1,500 per month. The property is being offered to experienced operators with strong financial backgrounds. Serious inquiries only, with complete financial documentation required. This is a prime opportunity to establish a thriving business or add a valuable asset to your investment portfolio. The property's convenient location and existing infrastructure make it an attractive proposition for those seeking a turnkey retail space in a bustling Chicago neighborhood. The two units provide flexibility for a single operator to expand or for separate tenants to occupy. This is a rare opportunity to acquire a well-situated retail property with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,590,362

  6.5%

  $3,314,181

  7%

  $3,077,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,494,548

  Geo Method

  $2,494,548

• Alternative Use

  Use

  Valuation

  Residential

  $2,795,636

  Hospitality

  $2,560,787

  Educational

  $2,130,545

  Medical

  $2,203,818

  Retail

  $3,314,181

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7123

Longitude

-87.6822

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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