301-315 W 79th St - Storefront FOR SALE


Chicago, IL 60620
$900,000 USD
313-303-2483
301-315 W 79th St, Chicago, IL for Sale
$900,000 USD
Storefront - FOR SALE
1/33
null | 12.49% Cap Rate

301-315 W 79th St
Chicago, IL 60620


OVERVIEW

Discover a prime investment opportunity in the bustling West Chatham neighborhood! This well-maintained strip mall, built in 2005, features six fully occupied retail units, ensuring steady income and excellent cash flow. Enjoy fantastic visibility with a prominent pylon sign and ample on-site parking with 29 spaces, making it convenient for customers. The center previously housed a bank and is currently owner-occupied, with a successful dry cleaning business operating on-site. The dry cleaning business is available for sale, or the seller is willing to remain as a tenant, offering flexibility for investors. Leases are structured as modified gross, with tenants responsible for all utilities, enhancing the investment's appeal. Don't miss out on this outstanding opportunity in a high-traffic location!

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

12.49%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

C1-1, Chicago

APN/PARCEL ID

20-33-201-003-0000,20-33-201-004-0000,20-33-201-005-0000,20-33-201-006-0000,20-33-201-007-0000,20-33-201-008-0000

ASK ABOUT THIS PROPERTY

Brittany RamseyColdwell Banker Commercial RealtyMore Info
313-303-2483

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Brittany RamseyColdwell Banker Commercial RealtyMore Info
313-303-2483

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.