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Nine-Unit Strip Mall
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1640 W 79th Street, Chicago, IL 60620

Retail center with multiple suites, established street exposure, and RTAIL zoning in Chicago’s Auburn Gresham community.

Property Size8,200 SF
Price / SF$0.00
Days on Market211

Property Features for 1640 W 79th Street

General Information

Standard status Active
Size 8,200 SF
Property subtype Commercial
Zoning RTAIL

Taxes and HOA fees

Annual Taxes $28,138

Building Details

Building Size 8,200 SF
Year Built 2008
Buildings 1
Stories 1
Units 9
Tenancy Multi
Listing Agency: First Western Properties
Listed By: Paul Tsakiris · License #471005153
Source: Perillorealestategroup
Added: Jan 12 Changed: Aug 11 Last Checked: Aug 11 at 2:12PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Western Properties

Investment Insights

Based on property information with market context.

Built in 2008, this nine-unit strip mall contains 8,194 square feet of retail space. The multi-suite layout provides a range of individual storefronts within one commercial property, with RTAIL zoning identified for the site.

The center is located at 1640 W 79th Street in Chicago, one block west of the intersection of 79th Street and Ashland Avenue. Its position along 79th Street places the property near a high-traffic intersection within the Auburn Gresham community.

Key Highlights

  • Nine‑unit strip mall containing 8,194 square feet
  • Built in 2008
  • RTAIL zoning

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Law Firm Dental Office Building Supply Real Estate Agency Gym & Fitness Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

746
Businesses Nearby
29k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 76% Shops & Services 24%
McDonald's Dining
19,789 visits/mo 0.5 miles
Family Dollar Shops & Services
5,704 visits/mo 0.3 miles
SUBWAY Dining
2,282 visits/mo 0.3 miles
Liberty Tax Shops & Services
1,268 visits/mo 0.3 miles

Demographics for 60620, IL

66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Retail center with multiple suites, established street exposure, and RTAIL zoning in Chicago’s Auburn Gresham community.
Where is this strip mall located?
The property is located at 1640 W 79th Street Chicago, IL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Nine‑unit strip mall containing 8,194 square feet; Built in 2008; RTAIL zoning
More about this property
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