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Six-Storefront Retail Property
New
For Sale
$300,000

8237 - 8245 S Cottage Grove Avenue, Chicago, IL 60619

The one-story commercial building has four occupied storefronts, two vacant spaces, and rear parking for tenants and customers.

Property Size6,300 SF
Price / SF$47.62
Days on Market4

Property Features for 8237 - 8245 S Cottage Grove Avenue

General Information

Standard status Active
Size 6,300 SF
Property subtype Commercial
Zoning COMMR

Property Condition

Severity Repairs Needed
Evidence needs new roof

Site & Location

Neighborhood Near South Side
Frontage 100 ft

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $44,581

Amenities

parking

Building Details

Building Size 6,300 SF
Year Built 1954
Buildings 1
Stories 1
Units 6
Construction greystone and brick
Tenancy Multi
Listing Agency: Century 21 Circle
Listed By: Nha Le · License #475144705
Source: Crossdavidson
Added: Oct 20 Changed: Oct 23 Last Checked: Oct 23 at 5:26PM

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 Century 21 Circle

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Investment Insights

Based on property information with market context.

This 6,300-square-foot, one-story commercial property was built in 1954 and contains six retail storefronts. Four spaces are occupied, while two are vacant. Tenants pay their utilities except for water. The building is being sold as is and needs a new roof.

Set along Cottage Grove Avenue in Chicago’s Chatham business district, the property has 100 feet of frontage. Rear parking accommodates 12+ vehicles, and the parcel is identified by four separate PIN numbers. Zoning is COMMR.

Key Highlights

  • Six retail storefronts in a 6,300‑square‑foot building
  • Four occupied storefronts and two vacant spaces
  • 100 feet of frontage on Cottage Grove Avenue

Property Analytics

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Current Use

ParkChicago #392606 Parking Lot & Garage

Suggested Use

Top Pick Law Firm Gym & Fitness Center Cafe & Coffee Shop Skin Care Clinic Kitchen & Bath Showroom HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,508
Businesses Nearby
68k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Apparel 46% Shops & Services 44% Dining 6% Electronics 4%
Nike Factory Store Apparel
20,344 visits/mo 0.3 miles
Dollar Tree Shops & Services
10,475 visits/mo 0.3 miles
Dollar General Shops & Services
8,630 visits/mo 0.1 miles
Chase Bank Shops & Services
5,668 visits/mo 0.5 miles
Foot Locker Apparel
3,261 visits/mo 0.5 miles

Demographics for 60619, IL

63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025

Similar Off Market Nearby

  • Florist — 8531 S Dorchester Ave, Chicago, IL 60619
  • Majestic Florist — 8145 S Cottage Grove Ave, Chicago, IL 60619
  • Flowers III — 7838 S Cottage Grove Ave, Chicago, IL 60619

Frequently Asked Questions

What type of property is this?
Storefront property - The one-story commercial building has four occupied storefronts, two vacant spaces, and rear parking for tenants and customers.
Where is this storefront property located?
The property is located at 8237 - 8245 S Cottage Grove Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Six retail storefronts in a 6,300‑square‑foot building; Four occupied storefronts and two vacant spaces; 100 feet of frontage on Cottage Grove Avenue
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