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    7108 S Wabash Ave Chicago, IL 60619

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    For Sale
    $1,400,000

    100% leased retail center with long-term tenants in Chicago.

    Property size:
    6,000 SF
    Lot size:
    0.39 Acres

    Property Features for 7108 S Wabash Ave

    General Information

    Size
    6,000 SF
    Lot size
    0.39 Acres

    Source: Network Commercial Real Estate Agent Neil Haleem

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Retail Center For Sale

    This 6,000 square foot retail center is fully leased to five tenants. All leases are NNN. The property benefits from a maintenance-free PVC roof and is located in a densely populated area. The property is located at 7108 S Wabash Ave, Chicago, IL.
    Insight Report Location Intelligence

    Current Use by Public Records

    Subway Sandwich Shop

    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
    -87.6237593
    Latitude
    41.7652622

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    FAQs

    What type of property is this?
    Shopping center - 100% leased retail center with long-term tenants in Chicago.
    Where is this shopping center located?
    The property is located at 7108 S Wabash Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - 100% leased newer retail center; - Long term tenants in place; - All leases are NNN
    (708) 927-8000
    Request Owner's contact information
    7108 S Wabash Ave 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
    7108 S Wabash Ave Chicago, IL 60619
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