400-424 79Th St Chicago, IL 60620
- Land
- 0.58 lot acres
Current Use by Public Records
- Land
Property Details for 400-424 79Th St
- Lot size
- 0.58 lot acres
- Property type
- Land
Description
This exceptional 0.58-acre commercial land parcel, located at 400-424 W 79th St in Chicago's vibrant Auburn Park neighborhood, presents a compelling investment opportunity. Boasting a highly visible hard corner location at the intersection of 79th Street and Vincennes Avenue, this 25,650 square foot site offers 250 feet of frontage on 79th Street. The C1-2 zoning allows for a wide range of development possibilities, with special use permits potentially accommodating uses such as gas stations and quick-service restaurants. This prime location benefits from strong surrounding retail, including established businesses like McDonald's, ALDI, Planet Fitness, and Forman Mills, ensuring high traffic and visibility. The property's 2023 taxes were $12,253. This is an excellent opportunity for developers and investors seeking a strategically located site with significant potential for growth and return. The property is situated just 11 miles from downtown Chicago, within a dense urban area featuring a mix of residential properties, locally owned restaurants, and boutiques. This site offers a unique blend of accessibility, visibility, and development flexibility, making it an ideal investment for those seeking to capitalize on the South Side's burgeoning market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6344
- Latitude
- 41.751
