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    9944 Western Ave Chicago, IL 60643

    Sponsored
    For Sale
    $215,000

    750 SF Retail Space, Owner/User Opportunity

    Property size:
    750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 750-square-foot storefront property, located at 9944 S Western Ave in Chicago, IL, presents a compelling owner-user or investment opportunity. The property is classified as a Class B retail building and currently features two vacant units, each approximately 750 square feet. Previously occupied by a barbershop and a hair salon, the space is ideally suited for a variety of retail uses, particularly within the beauty industry. One unit holds an existing, approved nail salon license, offering a significant advantage for a prospective beauty salon operator. The current owner had intended to open a nail salon in this unit but has since altered their business plans. Both units are currently marketed for lease at $1500 per month, providing potential for substantial rental income alongside owner-occupied space. This presents a unique chance to establish a thriving business while generating passive income. The property is situated in Cook County, zip code 60643, and is offered at an asking price of $215,000. Serious inquiries only, with qualified financials required. The owner prefers experienced operators with strong financial backgrounds.

    Property Features for 9944 Western Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    750 SF
    Class
    B

    Building Details

    Units
    2

    HighLights

    • $215,000 asking price.
    • 750 square foot retail storefront in Chicago, IL.
    • Class B property with two vacant units.
    • Owner/user investment opportunity.
    • Located at 9944 S Western Ave, Chicago, IL 60643.
    Property Profile Location Intelligence

    Current Use by Public Records

    Anthony's Barbershop Barber Shop Tennia Williams Beauty Salon Clutch Performance Truck ... Adult Education School TyTy's Nails Nail Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6821129
    Latitude
    41.712349

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    FAQs

    What type of property is this?
    Individual retail property - 750 SF Retail Space, Owner/User Opportunity
    Where is this individual retail property located?
    The property is located at 9944 Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: $215,000 asking price.; 750 square foot retail storefront in Chicago, IL.; Class B property with two vacant units.
    Request Owner's contact information
    9944 Western Ave Chicago, IL 60643
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9944 Western Ave Chicago, IL 60643
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