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$ 900,000
Est. payment /mo
Active
301 W 79th ST Chicago, IL 60620
7,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 7,600 sqft
Price per Sqft $118
MLS Listing ID 12195240
Year Built 2005
Annual Tax Amount $57,540
Tax Year 2023
Lot Dimensions 125X157
Property Sub-Type Retail/Stores
Property Description
PRIME INVESTMENT OPPORTUNITY: FULLY OCCUPIED WEST CHATHAM RETAIL CENTER Strategically positioned in Chicago's vibrant West Chatham neighborhood, this exceptional 2005-built retail strip center presents a compelling investment with immediate cash flow potential. Featuring six uniquely different retail units, this property delivers consistent income with established tenants. PROPERTY HIGHLIGHTS: * Built in 2005 with modern construction and well-maintained systems * High occupancy rate across the development, with consistent demand * High-visibility location with prominent pylon signage * Generous parking with 29 dedicated on-site spaces * Former bank branch turned dry cleaners-offering premium build-out potential * Modified leases where tenants cover all utilities * Excellent traffic exposure in a bustling commercial corridor UNIQUE OPPORTUNITY:The current owner operates a successful dry cleaning business on-site, providing flexible options for investors. Purchase the business along with the property for additional income streams, or the owner is willing to remain as a tenant with favorable lease terms. This turnkey investment opportunity combines prime location, stable tenancy, and attractive lease structures in one of Chicago's growing commercial districts. Perfect for investors seeking reliable income with minimal management requirements.
Location
State IL
County Cook
Area Chi - Chatham
Zoning COMMR
Interior
Cooling Central Air
Flooring Concrete, Tile, Other
Fireplace N
Exterior
Utilities Available Natural Gas Available
Building
Dwelling Type Retail/Stores
Level or Stories 1
Structure Type Concrete,Brick
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Listed by Brittany Ramsey • Coldwell Banker Realty