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    525 119Th St Chicago, IL 60628

    For Sale
    $139,000

    700 SF Free-Standing Office, $139K

    Property size:
    700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 700-square-foot Class C executive office building is situated on a 0.12-acre lot (5,250 square feet) at the highly visible southeast corner of 119th and Parnell Streets in Chicago, Illinois, zip code 60628. The property, identified as 525 W 119th St, is a free-standing structure currently zoned B1-1. The asking price is $139,000, translating to a price per square foot of $198.57. Given its location and zoning, the property presents a compelling opportunity for various uses. The densely populated area surrounding the building offers significant potential for a variety of businesses. The lot size allows for ample space, and the possibility of a drive-thru adds further appeal to potential buyers seeking a fast-food or small retail establishment. This is a rare opportunity to acquire a free-standing building in a high-traffic area of Chicago. The property's strategic location and flexible zoning make it an attractive investment for those seeking a strong return on investment. Serious inquiries are encouraged.

    Property Features for 525 119Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    700 SF
    Class
    C
    Lot Size
    5,227 SF

    HighLights

    • Free‑standing building, 700 SF, on a 0.12‑acre lot.
    • High‑visibility corner location at 119th & Parnell Streets, Chicago, IL 60628.
    • Densely populated area with high traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Liberty Tax Tax Preparation

    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
    -87.635739
    Latitude
    41.6777382

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    FAQs

    What type of property is this?
    Office Property / Space - 700 SF Free-Standing Office, $139K
    Where is this office property / space located?
    The property is located at 525 119Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: Free-standing building, 700 SF, on a 0.12-acre lot.; High-visibility corner location at 119th & Parnell Streets, Chicago, IL 60628.; Densely populated area with high traffic.
    (708) 927-8000
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    525 119Th St Chicago, IL 60628
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    Chicago, IL 60628
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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
    525 119Th St Chicago, IL 60628
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