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Commercial Avenue Storefront

8821 S Commercial Avenue, Chicago, IL 60617

For Sale
$100,000

The existing salon space is on a commercial-zoned parcel along S Commercial Avenue.

Property Size800 SF
Lot Size0.08 Acres
Price / SF$125
Days on Market62

Property Features for 8821 S Commercial Avenue

General Information

Standard status Active
Size 800 SF
Lot size 0.08 Acres
Property subtype Commercial
Zoning COMMR

Site & Location

Neighborhood Calumet Heights

Additional Details

Gross Income $9,000
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $5,458

Building Details

Building Size 800 SF
Year Built 1890
Stories 1
Units 1
Listing Agency: McColly Real Estate
Listed By: Sofia Salazar
Source: Gogginrealestate
Added: Sep 9 Changed: Nov 7 Last Checked: Nov 8 at 12:53PM

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 McColly Real Estate

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Investment Insights

Based on property information with market context.

Built in 1890, this 800-square-foot storefront sits on a 3,394-square-foot lot. The property is currently used as a hair salon and is being offered in as-is condition.

Located at 8821 S Commercial Avenue in Chicago, the property carries COMMR zoning.

Key Highlights

  • 800‑square‑foot storefront on a 3,394‑square‑foot lot
  • Built in 1890
  • Currently used as a hair salon

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Nueva Imagen Salon Hair Salon Lura's Beauty Shop Hair Salon

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Pharmacy Building Supply Garden Center

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

926
Businesses Nearby
67k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 43% Shops & Services 40% Home Improvements & Furnishings 8% Apparel 6%
McDonald's Dining
25,748 visits/mo 0.4 miles
Family Dollar Shops & Services
9,226 visits/mo 0.3 miles
Citgo Shops & Services
7,870 visits/mo 0.4 miles
Hyman's Auto Supply Home Improvements & Furnishings
5,173 visits/mo 0.4 miles
AutoZone Shops & Services
5,163 visits/mo 0.1 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Storefront properties in Chicago, IL

$251 Jul
$202 Aug
$167 Sep
$170 Oct

Properties on Market for Storefront properties in Chicago

Jul
Aug
Sep
Oct

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

  • Samantha's Flowers — 8911 S Commercial Ave, Chicago, IL 60617

Frequently Asked Questions

What type of property is this?
Storefront property - The existing salon space is on a commercial-zoned parcel along S Commercial Avenue.
Where is this storefront property located?
The property is located at 8821 S Commercial Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 800‑square‑foot storefront on a 3,394‑square‑foot lot; Built in 1890; Currently used as a hair salon
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