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Property profile & analytics
OFF-MARKET
Residential income homes

8535 79th St Justice, IL 60458-2281

3,620 SF 0.23 ac lot Built 1973
Entity Owned 4-yr Hold
Property ID
US28-2342375
Property summary
AI-generated overview

This 1622 sq ft office space, located at 8535 W 79th St, Unit 1, Justice, IL 60458, is situated in a Class C building within the Chicago South Cook submarket. The property, part of a larger 3620 sq ft building on a 9972 sq ft lot, offers a single-tenant occupancy in a two-story structure built in 1973. Recent renovations include a new roof, windows, soffits, landscaping, and downspouts, enhancing curb appeal and functionality. The space features nine offices, a reception area, a waiting room, and two bathrooms, although the layout is adaptable to suit various business needs. Previously used as a dental/medical office, it includes plumbing and electrical hookups throughout. The property boasts ample parking and a small billboard space (approximately 6x6 ft) with available electricity, offering excellent advertising potential. Utilities included in the lease are heat, water, garbage, property taxes, and common area maintenance. The zoning is B, and the property is conveniently located near the I-294 junction, benefiting from high daily traffic (27,700 vehicles) expected to increase further with the upcoming ramp/exit opening. Nearby amenities include a recently completed 10,000 sq ft shopping center and another building currently under construction. While the space is handicap-friendly, potential tenants should conduct their own ADA compliance assessment. The APN is 1835124001000. This property presents a compelling opportunity for businesses seeking a well-maintained, adaptable space in a high-traffic location with significant growth potential.

Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,620 SF
Lot 0.23 ac (9,972 SF)
APN 18-35-124-001
UPID US28-2342375
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Nazir Javed MD Physician
  • Samuel Fernando Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
8535 W 79th Street LLC · 4 yrs held
8535 W 79th Street LLC
since 2022
Last sale
$309,500
3 recorded transactions
2022
$309,500
2018
$250,000
1999
$240,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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