10-Unit Neighborhood Strip
For Sale
Contact for pricing
2501-17 W 79th St, Chicago, IL 60652
B1-zoned retail center with established tenant occupancy and one available unit.
Property Size13,275 SF
Price / SF$44.82
Days on Market62
Property Features for 2501-17 W 79th St
General Information
Standard status
Active
Size
13,275 SF
Class
C
Total Parking Spaces
15
Property subtype
Retail
Zoning
B1
Occupancy
90%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$64,937
Financials
Asking Price
$595,000
Cap Rate
10.9%
Gross Income
$134,280
Additional Details
Traffic Count
11,800 vehicles/day
Building Details
Year Built
1950
Year Renovated
2025
Buildings
1
Stories
1
Units
10
Tenancy
Multi
Listing Agency:
HRE Real Estate Services
(708) 220-7613
Listed By:
Arouj Akhtar · License #475.217841
Source:
Crexi
Added: Jul 2
Changed: Aug 29
Last Checked: Aug 29 at 8:46PM
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 HRE Real Estate Services
Investment Insights
Based on property information with market context.
This 10-unit neighborhood strip mall contains 13,275 square feet and was built in 1950. The center is currently income-producing, with a diversified tenant mix and several occupants reporting more than 10 years of operation at the property. One unit is vacant, providing available space within the existing retail configuration.
Located at 2501-17 W 79th St in Chicago, the property fronts W. 79th Street, where approximately 11,800 vehicles travel daily. The site serves the Auburn Gresham / Ashburn trade area and is zoned B1. Existing space has been associated with retail, service, office, daycare, beauty, religious, and community-oriented uses. A preliminary District 79W concept also contemplates future mixed-use development with affordable senior housing and ground-floor retail/medical space.
Located at 2501-17 W 79th St in Chicago, the property fronts W. 79th Street, where approximately 11,800 vehicles travel daily. The site serves the Auburn Gresham / Ashburn trade area and is zoned B1. Existing space has been associated with retail, service, office, daycare, beauty, religious, and community-oriented uses. A preliminary District 79W concept also contemplates future mixed-use development with affordable senior housing and ground-floor retail/medical space.
Key Highlights
- 10‑unit neighborhood strip center with 13,275 SF
- One vacant unit within an income‑producing retail property
- Several tenants have operated at the center for more than 10 years
Property Analytics
Current Use
Lease Details
11,800 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
62k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 43%
Home Improvements & Furnishings 2%
McDonald's
Dining
19,856 visits/mo
0.2 miles
Family Dollar
Shops & Services
11,866 visits/mo
0.3 miles
Citgo
Shops & Services
9,391 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,252 visits/mo
0.2 miles
Dollar General
Shops & Services
5,093 visits/mo
0.1 miles
Demographics for 60652, IL
40,898
Population
13,709
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
81%
High-School Grad
4.8 sq mi
ZIP Area
8,520
Density / Sq Mi
$78,559
Median Household Income
$36,488
Median Earnings
$1,208
Median Rent
$235,000
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - B1-zoned retail center with established tenant occupancy and one available unit.
Where is this strip mall located?
The property is located at 2501-17 W 79th St Chicago, IL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 10‑unit neighborhood strip center with 13,275 SF; One vacant unit within an income‑producing retail property; Several tenants have operated at the center for more than 10 years
