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

Retail property with multiple commercial spaces near the 79th Street and Ashland intersection.

Property Size8,200 SF
Price / SF$0.00
Days on Market221

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
Stories 1
Units 9
Tenancy Multi
Listing Agency: First Western Properties
Listed By: Paul Tsakiris · License #471005153
Source: Ozmentrealestate
Added: Jan 12 Changed: Aug 21 Last Checked: Aug 21 at 3:17AM

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.

This retail property comprises a 9-unit strip mall totaling 8,194 square feet. Constructed in 2008, the building is identified with RTAIL zoning and offers a multi-space commercial configuration suitable for retail occupancy and leasing.

The property is located at 1640 W 79th Street in Chicago’s Auburn Gresham community, one block west of the busy 79th Street and Ashland intersection. Its position near that cross street provides a defined retail setting within the surrounding community.

Key Highlights

  • 9‑unit strip mall with 8,194 square feet
  • Constructed 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

1,063
Businesses Nearby
131k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 52% Dining 25% Groceries 16% Apparel 7%
White Castle Dining
21,289 visits/mo 0.1 miles
Aldi Groceries
20,919 visits/mo 0.2 miles
Family Dollar Shops & Services
18,382 visits/mo 0.5 miles
Citgo Shops & Services
14,595 visits/mo 0.5 miles
Family Dollar Shops & Services
10,371 visits/mo 0.4 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 property with multiple commercial spaces near the 79th Street and Ashland intersection.
Where is this strip mall located?
The property is located at 1640 W 79th Street Chicago, IL.
What are key features of this property?
This property features: 9‑unit strip mall with 8,194 square feet; Constructed in 2008; RTAIL zoning
More about this property
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