8535 79th St Justice, IL 60458-2281
- Residential income homes
- 3,620 SF
- 0.23 lot acres
Current Use by Public Records
- Nazir Javed MD / Internist
- Samuel Fernando / Internist
Property Details for 8535 79th St
- Year built
- 1973
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.23 lot acres
- Property size
- 3,620 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 18-35-124-001
- APU
- 1835124001
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $355,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $290,000
- 6.5%
- $270,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $275,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $240,000
- Retail
- $280,000
- Mixed-Use
- $245,000
- Hospitality
- $300,000
- Educational
- $270,000
- Residential Income
- $260,000
- Energy
- $275,000
- Income-Based Land
- $225,000
- Food Service
- $310,000
Location Insight
- Map
- Local Demand
- City
- Justice
- County
- Cook
- State
- Illinois
- Longitude
- -87.833
- Latitude
- 41.747
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
