Corner Gas Station
For Sale
Contact for pricing
7948 West 79th Street, Bridgeview, IL 60455
The property carries B1-1 zoning and is identified as an automotive corner site.
Property Size2,732 SF
Price / SF$329.43
Days on Market99
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 7948 West 79th Street
General Information
Standard status
Active
Size
2,732 SF
Property subtype
Retail
Zoning
B1-1
Occupancy
100%
Lease Type
Modified Gross
Additional Details
Asking Price
$950,000
Building Details
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Matthew Ladd · License #475.201193
(773) 619-4527
Source:
Crexi
Added: Jul 9
Changed: Oct 1
Last Checked: Oct 14 at 10:33PM
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 Matthews
Investment Insights
Based on property information with market context.
This gas station property is positioned as an established automotive corner site in Bridgeview, Illinois. The asset is identified for automotive-related commercial use and carries B1-1 zoning.
The property is located at 7948 West 79th Street, Bridgeview, IL 60455, within the suburban Chicago market. Its corner positioning and automotive classification define the primary physical and commercial characteristics provided for the site.
The property is located at 7948 West 79th Street, Bridgeview, IL 60455, within the suburban Chicago market. Its corner positioning and automotive classification define the primary physical and commercial characteristics provided for the site.
Key Highlights
- Automotive corner site in suburban Chicago
- B1‑1 zoning
- Address: 7948 West 79th Street, Bridgeview, IL 60455
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,734
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,680
$914.7K
Cap Rate 7%
$653,343
$653.3K
Cap Rate 9%
$508,156
$508.2K
Market Conditions
NOI Build-Up for 2,732 SF
Gross rent
$65.6K $24.00/SF
− Vacancy
−$4.6K −$1.68/SF
EGI
$61.0K $22.32/SF
− OpEx
−$15.2K −$5.58/SF
NOI
$45.7K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,680
Cap Rate 7%
$653,343
Cap Rate 9%
$508,156
Alternative Uses
Best Use
Specialty Retail
$653.3K
$571.7K – $762.2K
NOI $45,734 @ 7.0% cap · market cap 5.08%
Second Best
Retail
$541.7K
$474.0K – $632.0K
NOI $37,921 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$943.2K
$825.3K – $1.10M
NOI $66,026 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 41%
Hotels & Casinos 5%
McDonald's
Dining
18,408 visits/mo
0.1 miles
7-Eleven
Shops & Services
4,900 visits/mo
0.1 miles
AutoZone
Shops & Services
4,352 visits/mo
0.2 miles
BP
Shops & Services
4,061 visits/mo
0.0 miles
Super 8 Bridgeview/Chicago Area
Hotels & Casinos
1,764 visits/mo
0.1 miles
Demographics for 60455, IL
17,098
Population
6,834
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
4,071
Density / Sq Mi
$65,342
Median Household Income
$37,303
Median Earnings
$1,139
Median Rent
$234,400
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 Midwest region
Frequently Asked Questions
What type of property is this?
Gas station - The property carries B1-1 zoning and is identified as an automotive corner site.
Where is this gas station located?
The property is located at 7948 West 79th Street Bridgeview, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Automotive corner site in suburban Chicago; B1‑1 zoning; Address: 7948 West 79th Street, Bridgeview, IL 60455
