2125 79Th St Chicago, IL 60620
- Retail properties
- 1 SF
- 0.40 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2125 79Th St
- Year built
- 1988
- Lot size
- 0.40 lot acres
- Property size
- 1 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 0.395-acre commercial land parcel presents a unique investment opportunity in Chicago's vibrant South Chicago submarket. Located at 2125 W 79th Street, this property boasts a highly desirable B1-1 zoning designation, offering a wide range of potential development options. The lot, built in 1988, is situated on the north side of 79th Street, between Western Avenue and Damen Avenue, benefiting from significant foot traffic and proximity to established businesses. Neighboring businesses include prominent national chains such as Citibank, Metro PCS, CVS, and Dollar stores, indicating a strong retail presence and consumer base. The asking price is $165,000, translating to a land value of $9.59 per square foot. Given the high population density of the area and the strategic location, this property represents a compelling investment for developers and entrepreneurs seeking a foothold in a thriving commercial corridor. The property's size and zoning make it suitable for a variety of retail uses, capitalizing on the high volume of pedestrian traffic and the established commercial activity in the immediate vicinity. This is a rare opportunity to acquire a well-positioned commercial lot in a densely populated and commercially active area of Chicago. The address is 2125 W 79th Street, Chicago, IL 60620, in Cook County.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6766
- Latitude
- 41.7501
