301-315 W 79th St - Convenience Store FOR SALE


Chicago, IL 60620- West Chatham
$885,000 USD
313-303-2483
301-315 W 79th St, Chicago, IL for Sale
$885,000 USD
Convenience Store - FOR SALE
1/11
null | 12.7% Cap Rate

301-315 W 79th St
Chicago, IL 60620
West Chatham


OVERVIEW

PRIME WEST CHATHAM INVESTMENT OPPORTUNITY WITH IMMEDIATE LEASING POTENTIAL Discover an exceptional investment opportunity in Chicago's thriving West Chatham neighborhood! This modern 2005-built retail strip center presents both stable income and significant value-add potential with 3 units currently available for lease, including 1,100-3,000 square feet of contiguous space perfect for expanding tenants or new anchor opportunities. Key Investment Highlights: Flexible Leasing Opportunity: Multiple available units allow investors to control tenant mix and maximize rental income High-Visibility Location: Prominent pylon signage and prime positioning on busy 79th Street corridor Excellent Access: 29 dedicated parking spaces with CTA Red Line proximity driving consistent foot traffic Tenant-Favorable Structure: Modified gross leases with tenants responsible for utilities Turnkey Operations: Well-maintained systems with established infrastructure Additional Opportunity: The current owner operates a successful dry cleaning business on-site, available for purchase or lease-back arrangement, providing flexibility for investors seeking immediate cash flow or business acquisition potential. Former Bank Space: Premium build-out opportunity with existing infrastructure ideal for professional services, healthcare, or specialty retail. This rare combination of immediate rental income potential and prime Chicago South Side location makes this an ideal opportunity for investors seeking both stability and growth in one of the city's most promising commercial corridors

FOR SALE DETAILS

PRICE

$885,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

12.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

C1-1, Chicago

APN/PARCEL ID

20-33-201-003-0000,20-33-201-004-0000,20-33-201-005-0000,20-33-201-006-0000,20-33-201-007-0000,20-33-201-008-0000

ASK ABOUT THIS PROPERTY

Brittany RamseyKeller Williams ONEChicagoMore Info
313-303-2483

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Brittany RamseyKeller Williams ONEChicagoMore Info
313-303-2483

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.