Retail Space Near CTA
For Lease
$18 SF/Yr
7842 S Western Avenue, Chicago, IL 60620
Retail space with parking near public transportation in Ashburn.
Space SizeContact for details
Days on Market183
Property Features for 7842 S Western Avenue
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$53,559
Amenities
Central air
Central Air Cooling
Membrane Roof
Building Details
Year Built
2020
Listing Agency:
NETWORK PROPERTY MANAGMENT LLC
(708) 873-5540
Listed By:
NEIL HALEEM · License #37077037778HN
Source:
Corcoran
Added: Feb 21
Changed: Aug 22
Last Checked: Aug 22 at 7:40AM
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, offering convenient access to public transportation. The location provides ample parking. The surrounding area is densely populated, benefiting from significant foot and vehicle traffic. The property is located within Chicago's Ashburn Community, a thriving business district with a variety of retail and service businesses nearby. Aldi Foods, CVS, McDonalds, Sprint, Sharks, Subway, and Citibank are among the established businesses in the immediate area.
Key Highlights
- High foot and vehicle traffic due to dense population.
- Across the street from the 79th Western Avenue CTA Bus Terminal.
- Ample parking available.
Property Analytics
Property Profile
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
Market
Lease Benchmarks for Chicago, IL
$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 SF
Avg Space Size
This space is priced 30% below the average of $25.9 /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 with parking near public transportation in Ashburn.
Where is this retail space located?
The property is located at 7842 S Western Avenue 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 dense population.; Across the street from the 79th Western Avenue CTA Bus Terminal.; Ample parking available.
