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    8721 Stony Island Ave Chicago, IL 60617

    Sponsored
    For Lease
    Contact for pricing

    High-traffic Chicago retail space available.

    Lot size:
    29,332 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-story, 29,332 square foot retail building, constructed in 1971 and renovated in 2005, presents a prime investment opportunity in Chicago, IL. Located at 8721 S. Stony Island Avenue, near the intersection of 87th Street, this property boasts a prominent endcap location within a multi-tenant building. Currently, 16,128 square feet of retail space is available for lease. The building features a total of two suites and benefits from high visibility and traffic, with a strong co-tenancy including DaVita and Dunkin'. Ample parking is provided with 55 surface spaces. The property enjoys a strategic location within a densely populated area, serving a substantial customer base. With an average daily traffic count of 48,500 at the intersection and 118,567 residents within a 2-mile radius, this location offers exceptional potential for growth and profitability. The property's address is 8721 S Stony Island Ave, Chicago, IL 60617.

    Property Features for 8721 Stony Island Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,332 SF

    Building Details

    Year Built/Renovated
    1971/2005
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    16,128 SF

    HighLights

    • Endcap retail space available for lease.
    • High‑traffic location with strong DaVita and Dunkin' co‑tenancy.
    • 55 surface parking spaces.
    • 48,500 average daily traffic count at the intersection.
    • 118,567 residents within a 2‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar Tree Dollar Store

    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
    -87.585050885237
    Latitude
    41.735999885721

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic Chicago retail space available.
    Where is this individual retail property located?
    The property is located at 8721 Stony Island Ave Chicago, IL.
    What are key features of this property?
    This property features: Endcap retail space available for lease.; High-traffic location with strong DaVita and Dunkin' co-tenancy.; 55 surface parking spaces.
    Request Owner's contact information
    8721 Stony Island Ave Chicago, IL 60617
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    Chicago, IL 60617
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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
    8721 Stony Island Ave Chicago, IL 60617
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