3247 W 79th St - Freestanding FOR SALE


Chicago, IL 60652- Ashburn
$525,000 USD
708-927-8000
3247 W 79th St, Chicago, IL for Sale
$525,000 USD
Freestanding - FOR SALE
1/5
null | 1.9% Cap Rate

NEW


3247 W 79th St
Chicago, IL 60652
Ashburn


OVERVIEW

+/-2,158sf freestanding building on an approximately 13, 171sf site. The property is located at the Southwest Corner of 79th St & Southwest Hwy. A hard corner with a 4-way signalized intersection. The site is has four curb cuts. Two on Southwest Hwy. and two on 79th St. Southwest Hwy also intersects with Kedzie Ave a half block east of the site. High traffic intersection and high daytime traffic. In addition to the freestanding building, there is also a 3-way billboard sign on the site that is leased to a sign company. The rent for the billboard is approximately $10,000/yr. Rent is based on a percentage of the revenue stream the sign generates. The lease is up for renewal soon so terms might be able to be renegotiated. The densely populated area and high traffic offers an opportunity for the right investor or user for this property.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$243 USD /SF

CAP RATE

1.9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,098 SF

ZONING

B3-1

APN/PARCEL ID

19-35-205-038-0000

ASK ABOUT THIS PROPERTY

Neil HaleemNetwork Commercial Real Estate, llc.More Info
708-927-8000

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Neil HaleemNetwork Commercial Real Estate, llc.More Info
708-927-8000

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