7842 S Western Ave Chicago, IL 60620
For Lease
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This exceptional retail property, located at 7842 S Western Ave in Chicago, IL 60620, offers a prime opportunity for businesses seeking high visibility and foot traffic. The 9,490 square foot building sits on a 0.35-acre lot and is zoned B3-1. Currently, there are three suites available, with a minimum divisible space of 1,230 square feet and a maximum contiguous space of 2,100 square feet. A significant portion of the building, totaling 4,730 square feet, is currently vacant, presenting a unique chance for expansion or multiple tenants. The property benefits from its strategic location directly across from the 79th & Western Avenue CTA Bus Terminal, ensuring consistent exposure to a large customer base. Ample parking is available, further enhancing convenience for both customers and employees. The surrounding area boasts a dense population and high vehicular traffic, with numerous established businesses including Aldi Foods, CVS, McDonald's, Sprint, Subway, and Citibank, creating a thriving commercial environment within Chicago's Ashburn Community. This property is ideal for a variety of retail uses and represents a strong investment opportunity in a high-demand location. Cook County location.
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Bank of America ATM Atm
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.