558 79Th St Chicago, IL 60619
- Retail properties
- 5,100 SF
- 0.12 lot acres
Current Use by Public Records
- DISCOUNT PRIDE CLEANER #1 DRY CLEANER IN CHICAGO / Dry Cleaner
Property Details for 558 79Th St
- Year built
- 1960
- Lot size
- 0.12 lot acres
- Property size
- 5,100 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 5,100 square foot storefront property at 558 E. 79th Street in Chicago, Illinois, presents a compelling investment opportunity. Located in Cook County, zip code 60619, this single-tenant retail space boasts a highly desirable location at a signalized hard corner on a 0.12-acre lot. The property, built in 1960, is currently under a Net Net Net (NNN) lease with a remaining term of seven years, expiring March 29, 2028. The asking price is $595,000, representing an attractive 9.00% capitalization rate. The property includes eight parking spaces, providing ample convenience for both tenants and customers. This is part of a three-property portfolio, offering potential for further investment and synergy. The strong lease and high cap rate make this a stable and potentially lucrative addition to any investment portfolio. This well-positioned storefront offers significant upside potential for savvy investors seeking a reliable, high-return asset in a thriving Chicago market. The property's strategic location and long-term lease provide a secure and profitable investment opportunity.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6103
- Latitude
- 41.7515
