Storefront Property Investment
For Sale
Contact for pricing
514 W 71st St, Chicago, IL 60621
Commercial property with three storefronts and expansion potential.
Property Size4,600 SF
Price / SF$86.74
Days on Market168
Property Features for 514 W 71st St
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Retail
Zoning
RT-4
Listing Agency:
Homesmart Realty Group
(708) 710-3828
Listed By:
Aladdin Shelo · License #475.212819
Source:
Crexi
Added: Mar 7
Changed: Aug 8
Last Checked: Aug 8 at 2:45PM
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 Homesmart Realty Group
Investment Insights
Based on property information with market context.
This commercial property features three storefronts and presents an opportunity for future growth and potential expansion, as it is situated adjacent to a city-owned vacant lot. The property includes two established long-term tenants, providing immediate income stability. The existing tenants hold valid licenses and may continue operating under current approvals. Currently zoned RT-4, the property would require rezoning for certain commercial redevelopment opportunities. The property is being sold as-is. The property size is 4600 square feet.
Key Highlights
- Prime location adjacent to a city‑owned vacant lot offering potential for future expansion (buyer to verify with city).
- Three storefronts with two established, long‑term tenants providing immediate income stability.
- Existing tenants hold valid licenses and may continue operating under current approvals.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Electronics 12%
Shell
Shops & Services
5,415 visits/mo
0.3 miles
Boost Mobile
Electronics
715 visits/mo
0.3 miles
Demographics for 60621, IL
29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
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?
Storefront property - Commercial property with three storefronts and expansion potential.
Where is this storefront property located?
The property is located at 514 W 71st St Chicago, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Prime location adjacent to a city‑owned vacant lot offering potential for future expansion (buyer to verify with city).; Three storefronts with two established, long‑term tenants providing immediate income stability.; Existing tenants hold valid licenses and may continue operating under current approvals.
