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    7627 S State St Chicago, IL 60619

    For Sale
    $999,000

    Land - Chicago, IL

    Days on Market:
    289
    Last Refresh:
    Dec 11 at 9:06 pm

    Property Features for 7627 S State St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    20373060030000

    Building Details

    Architectural style
    Other

    Pearson Group LLC (773) 325-2800 [email protected]

    Listing agent David McLennan (773) 325-2800 License #475165323

    Listing date Feb 26, 2025

    MLS# 12011410 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Land Near I-94 Exit

    This property, available for sale, ground lease, or build to suit, consists of a large vacant parcel with a total area of 33,000 square feet. It comprises four contiguous lots and features 200 feet of frontage on State Street, situated directly at the northbound I-94 exit. The location is also a few blocks from the Red Line light rail train, which runs from S. 95th St. through downtown Chicago to Howard St. (7600 north). Immediate neighbors to the north include a Citgo gas station, a BP gas station, and a Walgreens. To the south is a Nappa Car Wash. The parcel is also a few blocks from the commercial strip on 75th St. in Chatham, with businesses such as A&S Beverages, Brown Sugar Bakery, Lem's BBQ, and Soul Food Kitchen.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.624235
    Latitude
    41.755711

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    FAQs

    What type of property is this?
    Commercial land - 33,000 SF vacant land near I-94 and public transit.
    Where is this commercial land located?
    The property is located at 7627 S State St Chicago, IL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Large 33,000 s.f. vacant parcel.; - Boasting 200' of frontage on State St. at I-94 exit.; - Close proximity to the 'Red Line' light rail.
    (773) 325-2800
    Request Owner's contact information
    7627 S State St Chicago, IL 60619
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    Chicago, IL 60619
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7627 S State St Chicago, IL 60619
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