Property profile

7842 S Western Ave Chicago, IL 60620

FOR LEASE
Community centers
Property ID
US28-1560003
0.07 ac lot Built 2003
Trust Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2003
Lot 0.07 ac (2,987 SF)
APN 19-25-421-049
UPID US28-1560003

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
  • Insurance Agency
  • Atm

Location

7842 S Western Ave Chicago, IL 60620
Chicago metro Census 700100 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

1 recorded transaction
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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