525 W 119Th St, Chicago, IL 60628
For Sale
1 / 3
This 700-square-foot Class C executive office building is situated on a 0.12-acre lot (5,250 square feet) at the highly visible southeast corner of 119th and Parnell Streets in Chicago, Illinois, zip code 60628. The property, identified as 525 W 119th St, is a free-standing structure currently zoned B1-1. The asking price is $139,000, translating to a price per square foot of $198.57. Given its location and zoning, the property presents a compelling opportunity for various uses. The densely populated area surrounding the building offers significant potential for a variety of businesses. The lot size allows for ample space, and the possibility of a drive-thru adds further appeal to potential buyers seeking a fast-food or small retail establishment. This is a rare opportunity to acquire a free-standing building in a high-traffic area of Chicago. The property's strategic location and flexible zoning make it an attractive investment for those seeking a strong return on investment. Serious inquiries are encouraged.
-
Liberty Tax Accounting Firm Tax Preparation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.