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Freestanding Retail Building
For Sale
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8240 S Stony Is Ave, Chicago, IL 60617

Large standalone retail property at the intersection of 83rd Street and Stony Island Avenue.

Property SizeContact for details
Days on Market144

Property Features for 8240 S Stony Is Ave

General Information

Standard status Active
Property subtype Retail
Listing Agency: Crown Commercial Realty & Development L.L.C.
Listed By: Nicholas Tadros · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 7:45AM

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 Crown Commercial Realty & Development L.L.C.

Investment Insights

Based on property information with market context.

This freestanding retail building contains 20,100 square feet of space and is offered for sale. The property includes retail space for lease within the building, providing a commercial storefront configuration for prospective occupants.

The building is positioned at the intersection of 83rd Street and Stony Island Avenue in Chicago’s Avalon Park neighborhood. Its location places the property at a prominent street intersection within the neighborhood, with access from both named thoroughfares.

Key Highlights

  • 20,100‑square‑foot freestanding retail building
  • Retail space available for lease within the building
  • Located at 83rd Street and Stony Island Avenue

Property Analytics

Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Law Firm Gym & Fitness Center Cafe & Coffee Shop Skin Care Clinic HVAC Service Building Supply

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

Location Intelligence

Trade Area within ½ mile

722
Businesses Nearby
98k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 46% Dining 33% Groceries 21%
White Castle Dining
21,289 visits/mo 0.4 miles
Aldi Groceries
20,919 visits/mo 0.5 miles
Citgo Shops & Services
14,595 visits/mo 0.2 miles
Family Dollar Shops & Services
10,371 visits/mo 0.1 miles
Dollar Tree Shops & Services
8,940 visits/mo 0.5 miles

Demographics for 60617, IL

77,270
Population
35,031
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
82%
High-School Grad
13.7 sq mi
ZIP Area
5,640
Density / Sq Mi
$51,237
Median Household Income
$36,926
Median Earnings
$1,010
Median Rent
$168,200
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?
Retail space - Large standalone retail property at the intersection of 83rd Street and Stony Island Avenue.
Where is this retail space located?
The property is located at 8240 S Stony Is Ave Chicago, IL.
What are key features of this property?
This property features: 20,100‑square‑foot freestanding retail building; Retail space available for lease within the building; Located at 83rd Street and Stony Island Avenue
More about this property
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