Retail Space Near Transportation
For Lease
$18 SF/Yr
7842 S Western Ave, Chicago, IL 60620
Retail space in a high-traffic, densely populated area.
Space SizeContact for details
Days on Market200
Property Features for 7842 S Western Ave
General Information
Standard status
Active
Building Details
Year Built
2020
Listing Agency:
Network Property Managment LLC
Listed By:
Neil Haleem · License #37077037778HN
(708) 927-8000
Source:
Liveliferealty
Added: Mar 26
Changed: Sep 12
Last Checked: Oct 7 at 1:28PM
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
Investment Insights
Based on property information with market context.
This retail space is situated across the street from the 79th & Western Avenue CTA Bus Terminal. The location benefits from a densely populated surrounding area and high levels of both foot and vehicle traffic. Immediate neighbors include Aldi Foods, CVS, McDonalds, Sprint, Sharks, Subway, and Citibank, along with numerous other retail and service businesses. The property is located in a thriving business district within Chicago's Ashburn Community and offers parking.
Key Highlights
- High foot and vehicle traffic due to location in a thriving business district.
- Across the street from the 79th & Western Avenue CTA Bus Terminal.
- Ample parking available.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
86k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 45%
Dollar Tree
Shops & Services
18,914 visits/mo
0.1 miles
McDonald's
Dining
18,388 visits/mo
0.1 miles
Citgo
Shops & Services
13,010 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,303 visits/mo
0.1 miles
Marathon
Shops & Services
8,354 visits/mo
0.1 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
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Market
Lease Benchmarks for Chicago, IL
$25.49 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,917 SF
Avg Space Size
This space is priced 29% below the average of $25.49 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space in a high-traffic, densely populated area.
Where is this retail space located?
The property is located at 7842 S Western Ave Chicago, IL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: High foot and vehicle traffic due to location in a thriving business district.; Across the street from the 79th & Western Avenue CTA Bus Terminal.; Ample parking available.
