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    2015 79Th St Chicago, IL 60649

    For Lease
    $12 SF/Yr ($12,000 /Mo)

    12,000 SF, High-Visibility Location

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A retail property at 2015 E 79th St offers 12,000 square feet of prime retail space in a high-traffic location. Formerly a Walgreens, this single-tenant building boasts excellent visibility and sits on a 0.75-acre lot at a prominent hard corner, experiencing 19,000 vehicles passing daily. The property includes 44 dedicated parking spaces, a significant advantage for customers and employees. Built in 1999, the building is zoned B3-2 and benefits from a low tax rate of $5.78 per square foot. Situated in the vibrant South Shore neighborhood, this location offers unparalleled access to a large and densely populated customer base. With over 205,000 residents within a 3-mile radius, this property presents a unique opportunity for a business seeking strong community presence and high foot traffic. Convenient access to public transportation and major roads further enhances its appeal. This is an ideal space for a variety of retail uses, including those previously mentioned in the property subtype. Don't miss this chance to establish your business in a thriving and accessible location.

    Property Features for 2015 79Th St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF
    Class
    A
    Total Rate
    12000

    Building Details

    Year Built
    1999

    Unit(s) available at that property

    Space
    Size
    12,000 SF
    Rate per SF
    $12

    HighLights

    • Class A retail property totaling 12,000 square feet.
    • Single‑tenant occupancy.
    • Situated on a 0.75‑acre lot with 44 parking spaces.
    • High‑visibility location with strong daily traffic counts.
    • B3‑2 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor LibertyX Bitcoin ATM Atm Walgreens Drug Store Walgreens Pharmacy Pharmacy M. Jones Pharmacy

    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
    -87.5750462
    Latitude
    41.7514044

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    FAQs

    What type of property is this?
    Individual retail property - 12,000 SF, High-Visibility Location
    Where is this individual retail property located?
    The property is located at 2015 79Th St Chicago, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Class A retail property totaling 12,000 square feet.; Single-tenant occupancy.; Situated on a 0.75-acre lot with 44 parking spaces.
    Request Owner's contact information
    2015 79Th St Chicago, IL 60649
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    Chicago, IL 60649
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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
    2015 79Th St Chicago, IL 60649
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