8049 79Th StJustice, IL 60458

Property Details for 8049 79Th St

Year built

1952

Lot size

0.38 AC

Property type

Retail space

APN

18-35-204-015

APU

1835204015

Description

This exceptional 4,000-square-foot retail property, located at 8049 W 79th St in Justice, Illinois, presents a unique investment opportunity. Built in 1952, the single-tenant building sits on a sizable 0.37-acre lot (approximately 16,000 square feet), offering significant potential for redevelopment or immediate occupancy. The property boasts 105 feet of frontage on 79th Street, ensuring high visibility and accessibility for customers. Its strategic location at the southeast corner of Lynn Avenue and 79th Street places it in a highly visible area, easily accessible via a convenient turning lane on 79th Street. The building is currently vacant, providing a blank canvas for a new business or a retrofit opportunity. The property is zoned B1 within Cook County's South Suburbs submarket, and the 60458 zip code offers access to a thriving community. This is an ideal location for a variety of retail uses, benefiting from its prominent street presence and convenient access. The entire 4,000 square feet is available for lease. Don't miss this chance to acquire a prime retail space in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,878,011

  6.5%

  $7,272,010

  7%

  $6,752,581

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,473,564

  Geo Method

  $5,473,564

• Alternative Use

  Use

  Valuation

  Residential

  $6,134,212

  Hospitality

  $5,618,906

  Educational

  $4,674,864

  Medical

  $4,835,640

  Retail

  $7,272,010

Location Insight

City

Justice

County

Cook

State

Illinois

Latitude

41.7472

Longitude

-87.8212

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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