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Four-Unit Retail Storefront
For Sale
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8242 S Cottage Grove Ave, Chicago, IL 60619

Multi-suite commercial property with two units currently available for lease.

Property Size10,000 SF
Days on Market144

Property Features for 8242 S Cottage Grove Ave

General Information

Standard status Active
Size 10,000 SF
Property subtype Retail, Office

Building Details

Tenancy Multi
Listing Agency: Millennium Properties R/E
Listed By: Brad Thompson · License #IL 471013662
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 2:47AM

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 Millennium Properties R/E

Investment Insights

Based on property information with market context.

This 10,000-square-foot storefront property is arranged as four separate units, creating a multi-suite commercial configuration. Individual spaces range from 2,000 to 3,000 square feet, with two units currently available for lease. Existing occupancy includes a church and a martial arts gym.

The property is located at 8242 S Cottage Grove Ave in Chicago, near 83rd. Its storefront format and unitized layout support both continued multi-tenant operation and potential reconfiguration, subject to applicable approvals. The asset is offered for sale.

Key Highlights

  • 10,000‑square‑foot commercial storefront
  • Four‑unit layout with spaces ranging from 2,000 to 3,000 square feet
  • Two units currently available for lease

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Gym & Fitness Center Cafe & Coffee Shop Skin Care Clinic Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

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

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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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 - Multi-suite commercial property with two units currently available for lease.
Where is this storefront property located?
The property is located at 8242 S Cottage Grove Ave Chicago, IL.
What are key features of this property?
This property features: 10,000‑square‑foot commercial storefront; Four‑unit layout with spaces ranging from 2,000 to 3,000 square feet; Two units currently available for lease
(312) 338-3000 Call to check price and availability
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