Property profile

1634-1642 79Th St Chicago, IL 60620

OFF-MARKET
Neighborhood centers
8,200 SF Built 2008
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Property summary

AI-generated overview

This exceptional retail strip center, located at 1634-1642 W. 79th St in Chicago, IL, presents a compelling investment opportunity. Built in 2008, the property boasts a total of 8,200 square feet, situated on a 0.45-acre lot. The property is zoned B3-1 and is currently multi-tenant. There is significant vacant space available, totaling 7,138 square feet, offering flexibility for various retail concepts. Units are divisible down to 851 square feet, with a maximum contiguous space of 3,734 square feet. The location benefits from high visibility, situated on the Northwest corner of 79th and Marshfield, with 158 feet of frontage along 79th Street. This prime location experiences a high volume of daily traffic, estimated at 17,600 vehicles per day, ensuring excellent exposure for tenants. Easy ingress and egress further enhance the property's appeal. This is a rare opportunity to acquire a well-located retail property in a thriving Chicago neighborhood. The property's size and layout provide ample space for a variety of retail uses, making it an ideal investment for both established businesses and new ventures. Don't miss this chance to secure a piece of Chicago's vibrant retail market. Contact us today for more information.

Property profile

Verified
Property type Neighborhood centers
Year built 2008
Total area 8,200 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1634-1642 79Th St Chicago, IL 60620
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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