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Retail Space Near Transportation Hub
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7842 S Western Avenue, Chicago, IL 60620

Retail space in a high-traffic, densely populated area.

Space Size4,730 SF
Property Size9,490 SF
Days on Market1819

Property Features for 7842 S Western Avenue

General Information

Standard status Active
Size 4,730 SF
Property subtype Retail

Building Details

Building Size 9,490 SF
Year Built 2020
Tenancy Multiple

Spaces For Lease

at 7842 S Western Avenue Contact us

Available Space

Size
4,730 SF
Type
Retail
Lease Type
Net
Availability
Active
Contact us
Listing Agency: Network Real Estate Group
Listed By: Neil Haleem · License #IL 37077037778HN
Source: Crexi
Added: Sep 1, 2021 Changed: Aug 18 Last Checked: Aug 23 at 5:03PM

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 Network Real Estate Group

Investment Insights

Based on property information with market context.

This retail space is situated across the street from the 79th & Western Avenue CTA Bus Terminal. The location benefits from a densely populated surrounding area and high levels of both foot and vehicle traffic. Immediate neighbors include Aldi Foods, CVS, McDonalds, Sprint, Sharks, Subway, and Citibank, along with numerous other retail and service businesses. The property is located in a thriving business district within Chicago's Ashburn Community and offers parking.

Key Highlights

  • High foot and vehicle traffic due to location in a thriving business district.
  • Across the street from the 79th & Western Avenue CTA Bus Terminal.
  • Ample parking available.

Property Analytics

Current Use

Oxford Auto Insurance Insurance Agency Bank of America ATM Atm

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Law Firm Dental Office Big Box & Wholesale 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

645
Businesses Nearby
86k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 55% Dining 45%
Dollar Tree Shops & Services
18,914 visits/mo 0.1 miles
McDonald's Dining
18,388 visits/mo 0.1 miles
Citgo Shops & Services
13,010 visits/mo 0.5 miles
Dunkin' Donuts Dining
9,303 visits/mo 0.1 miles
Marathon Shops & Services
8,354 visits/mo 0.1 miles

Demographics for 60620, IL

66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.66 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,377 SF
Avg Space Size

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 - Retail space in a high-traffic, densely populated area.
Where is this retail space located?
The property is located at 7842 S Western Avenue Chicago, IL.
What are key features of this property?
This property features: High foot and vehicle traffic due to location in a thriving business district.; Across the street from the 79th & Western Avenue CTA Bus Terminal.; Ample parking available.
(708) 927-8000 Call to check price and availability
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