Free Standing Building For
For Sale
$139,000
525 W 119th St, Chicago, IL 60628
700sf building on 5,250sf site, ideal for fast food.
Property Size700 SF
Lot Size0.12 Acres
Price / SF$198.57
Days on Market211
Property Features for 525 W 119th St
General Information
Standard status
Active
Size
700 SF
Lot size
0.12 Acres
Building Details
Year Built
1955
Listing Agency:
Network Property Managment LLC
Listed By:
Neil Haleem, Adam Haleem · License #37077037778HN
(708) 927-8000
Source:
Liveliferealty
Added: Mar 26
Changed: Oct 6
Last Checked: Oct 21 at 1:18AM
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 Network Property Managment LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 700 square foot free standing building situated on a 5,250 square foot site. The property is located at the southeast corner of 119th Street and Parnell Avenue. It is for sale and is ideally suited for fast food or small retail businesses. There is potential for a drive thru. The site is located in a TIF district.
Key Highlights
- Ideal location for fast food or small retail business
- Potential for adding a drive‑thru
- Located in a TIF district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,684
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,680
$193.7K
Cap Rate 7%
$138,343
$138.3K
Cap Rate 9%
$107,600
$107.6K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$15.1K $21.60/SF
− Vacancy
−$1.3K −$1.84/SF
EGI
$13.8K $19.76/SF
− OpEx
−$4.2K −$5.93/SF
NOI
$9.7K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,680
Cap Rate 7%
$138,343
Cap Rate 9%
$107,600
Alternative Uses
Best Use
Retail
$138.3K
$121.1K – $161.4K
NOI $9,684 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.0K
$288.8K – $385.1K
NOI $23,103 @ 7.0% cap · market cap 16.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
52k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 36%
Apparel 9%
Electronics 3%
Wendy's
Dining
15,572 visits/mo
0.4 miles
Chase Bank
Shops & Services
15,087 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,730 visits/mo
0.4 miles
AutoZone
Shops & Services
4,555 visits/mo
0.5 miles
Citi Trends
Apparel
4,549 visits/mo
0.4 miles
Demographics for 60628, IL
62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- Flower Shop Halsted — Chicago, IL 60628
Frequently Asked Questions
What type of property is this?
Storefront property - 700sf building on 5,250sf site, ideal for fast food.
Where is this storefront property located?
The property is located at 525 W 119th St Chicago, IL.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Ideal location for fast food or small retail business; Potential for adding a drive‑thru; Located in a TIF district
