Property profile

8049 79th St Justice, IL 60458

OFF-MARKET
Retail space
Property ID
US28-2670805
0.38 ac lot Built 1952
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,000-square-foot retail property, located at 8049 W 79th St in Justice, Illinois, presents a unique investment opportunity. Built in 1952, the single-tenant building sits on a sizable 0.37-acre lot (approximately 16,000 square feet), offering significant potential for redevelopment or immediate occupancy. The property boasts 105 feet of frontage on 79th Street, ensuring high visibility and accessibility for customers. Its strategic location at the southeast corner of Lynn Avenue and 79th Street places it in a highly visible area, easily accessible via a convenient turning lane on 79th Street. The building is currently vacant, providing a blank canvas for a new business or a retrofit opportunity. The property is zoned B1 within Cook County's South Suburbs submarket, and the 60458 zip code offers access to a thriving community. This is an ideal location for a variety of retail uses, benefiting from its prominent street presence and convenient access. The entire 4,000 square feet is available for lease. Don't miss this chance to acquire a prime retail space in a high-traffic area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1952
Lot 0.38 ac (16,676 SF)
APN 18-35-204-015
UPID US28-2670805

Cap rate & NOI

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

Location

8049 79th St Justice, IL 60458-1607
Justice metro Census 820604 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2017
4 recorded transactions
2017
$200,000
2015
Price N/A
2007
$475,000
2001
$275,000

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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