Property profile

558 79Th St Chicago, IL 60619

OFF-MARKET
Retail properties & Spaces
5,100 SF 0.12 ac lot Built 1960
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1960
Total area 5,100 SF
Lot 0.12 ac (5,227 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

558 79Th St Chicago, IL 60619
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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