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Six-Storefront Strip Mall
For Sale
$300,000

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

One-story, multi-tenant commercial building with on-site parking and COMMR zoning in Chicago’s Chatham business district.

Property Size6,300 SF
Price / SF$47.62
Days on Market10

Property Features for 8237 - 8245 S Cottage Grove Avenue

General Information

Standard status Active
Size 6,300 SF
Property subtype Commercial
Zoning COMMR
Occupancy 67%

Property Condition

Severity Repairs Needed
Evidence The building needs new roof!

Additional Details

Frontage 100 ft

Taxes and HOA fees

Annual Taxes $42,800

Building Details

Building Size 6,300 SF
Year Built 1954
Stories 1
Units 6
Construction greystone and brick
Tenancy Multi
Listing Agency: Century 21 Circle
Listed By: Nha Le · License #475144705
Source: Cavanaghrealty
Added: Aug 22 Changed: Aug 29 Last Checked: Aug 30 at 5:47PM

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

Investment Insights

Based on property information with market context.

This one-story greystone and brick retail property was built in 1954 and contains six separate storefronts. Four spaces are occupied by established tenants, while two storefronts are currently vacant. The property is being sold in as-is condition and requires a new roof. Tenants pay all utilities other than water, supporting a straightforward operating arrangement.

Located at 8237–8245 S Cottage Grove Avenue in Chicago, the building offers 100 feet of frontage and rear parking for 12+ vehicles. The property is divided across four separate pin numbers and carries COMMR zoning. Its existing tenant base, vacant retail areas, and multi-storefront layout provide a defined physical framework for continued commercial use.

Key Highlights

  • Six retail storefronts in a one‑story greystone and brick building
  • Four established tenants in place; two storefronts are vacant
  • 100 feet of frontage along Cottage Grove Avenue

Property Analytics

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

66.7%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,508
Businesses Nearby
68k
Monthly Visits Nearby

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

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
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Frequently Asked Questions

What type of property is this?
Strip mall - One-story, multi-tenant commercial building with on-site parking and COMMR zoning in Chicago’s Chatham business district.
Where is this strip mall 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 one‑story greystone and brick building; Four established tenants in place; two storefronts are vacant; 100 feet of frontage along Cottage Grove Avenue
More about this property
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