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


Chicago, IL 60620- West Chatham
$870,000 USD
313-303-2483
301-315 W 79th St, Chicago, IL for Sale
$870,000 USD
Convenience Store - FOR SALE
1/12
null | 10.71% Cap Rate

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


HIGHLIGHTS

  • Located in Chicago’s West Chatham neighborhood with strong traffic along 79th Street.
  • 29 dedicated parking spaces and prominent pylon signage for maximum visibility.
  • Multiple units available for lease, offering value-add potential and tenant mix control.
  • Excellent access to CTA Red Line, major bus routes, and nearby Metra stations.

OVERVIEW

This retail strip center in Chicago’s West Chatham neighborhood offers a compelling investment opportunity with both stable income and value-add potential. Built in 2005, the property spans 7,600 square feet and provides immediate cash flow with upside through additional leasing. The center features multiple units, including a former dry-cleaning space and a former restaurant, allowing for flexible tenant mix and potential anchor opportunities. Positioned along the busy 79th Street corridor, the property benefits from strong visibility, pylon signage, and excellent access to public transportation, including proximity to the CTA Red Line and major bus routes. The site includes 29 dedicated parking spaces, enhancing convenience for tenants and customers. Current tenants include a mix of local businesses, and the property operates under modified gross leases, reducing landlord expenses.

FOR SALE DETAILS

PRICE

$870,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

10.71%

% 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.