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Neighborhood Retail Center

301 W 79th Street, Chicago, IL 60620

For Sale
$870,000

Commercial Sale, Chicago, IL

Property Size7,600 SF
Lot Size0.45 Acres
Price / SF$114.47
Days on Market207

Property Features for 301 W 79th Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning COMMR
Directions I-94 to 79th Street W to Property. SWC of Princeton Avenue.
Subdivision CHI - Chatham
Standard status Active
APN 20332010030000
Lot size 0.45 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 45328

Utilities

Utilities Natural Gas Available
Cooling system Central Air

Building Details

Year built 2005
Floors in Building 1
Number of units 6
Flooring type Tile, Concrete
Building materials Concrete, Brick
Buildings 1
Listing Agency: Keller Williams ONEChicago · Keller Williams Realty
Listed By: Brittany Ramsey · License #475173381
Added: Apr 17 Changed: Nov 5 Last Checked: Nov 9 at 5:06AM
MLS# 12621976

Copyright © 2026 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.

Rey
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Investment Insights

Based on property information with market context.

The retail center contains a 7,600-square-foot building on a 19,625-square-foot parcel. Built in 2005, the structure has concrete and brick construction, central air, tile and concrete flooring, and a pylon sign. The property includes 29 parking spaces and natural gas availability.

Ivy Jerk Hut has a newly committed 3-year lease with a 3-year renewal option. Three other spaces are vacant, ranging from 950 to 1,450 square feet. The parcel measures 0.4505 acres and is located at 301 W 79th Street in Chicago.

Key Highlights

  • 7,600‑square‑foot retail building on a 19,625‑square‑foot parcel
  • 29 on‑site parking spaces and a pylon sign
  • Ivy Jerk Hut lease: 3 years with a 3‑year renewal option

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Just Like Home ... Daycare Center 79th Cleaners (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Skin Care Clinic Gym & Fitness Center Acupuncture (Bike/Boat/Book/etc) Store

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
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,240
Businesses Nearby
86k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 52% Shops & Services 48%
McDonald's Dining
32,398 visits/mo 0.1 miles
Shell Shops & Services
19,057 visits/mo 0.4 miles
Citgo Shops & Services
8,558 visits/mo 0.5 miles
Burger King Dining
8,045 visits/mo 0.1 miles
Family Dollar Shops & Services
7,122 visits/mo 0.2 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Strip malls in Chicago, IL

$166 Jul
$164 Aug
$160 Sep
$183 Oct

Properties on Market for Strip malls in Chicago

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Strip mall - The existing center combines occupied retail space with three available suites and on-site parking.
Where is this strip mall located?
The property is located at 301 W 79th Street Chicago, IL.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: 7,600‑square‑foot retail building on a 19,625‑square‑foot parcel; 29 on‑site parking spaces and a pylon sign; Ivy Jerk Hut lease: 3 years with a 3‑year renewal option
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