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301-315 W 79th St

7,600 SF 100% Leased Retail Building Chicago, IL 60620 £784,206 (£103/SF) 11.25% Net Initial Yield

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Executive Summary

Discover a prime investment opportunity in the bustling West Chatham neighborhood! This well-maintained strip mall, built in 2005, features six fully occupied retail units, ensuring steady income and excellent cash flow. Enjoy fantastic visibility with a prominent pylon sign and ample on-site parking with 29 spaces, making it convenient for customers. The center previously housed a bank and is currently owner-occupied, with a successful dry cleaning business operating on-site. The dry cleaning business is available for sale, or the seller is willing to remain as a tenant, offering flexibility for investors. Leases are structured as modified gross, with tenants responsible for all utilities, enhancing the investment's appeal. Don't miss out on this outstanding opportunity in a high-traffic location!

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

7,600 SF

Building Class

Year Built

2005

Price

£784,206

Price Per SF

£103

Net Initial Yield

11.25%

NOI

£88,238

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.39

Land Acres

0.45 AC

Zoning

C1-1, Chicago

Parking

29 Spaces (4.33 Spaces per 1,000 SF Leased)

Amenities

Bus Route

Pylon Sign

MAJOR TENANTS

79th Cleaners
-
-
-
-

Curtis Enterprise
-
500 SF
-
-

Idaya Auto Sales
-
500 SF
-
-

Legends Chicken & Fish
-
500 SF
-
-

Young Joo Yoon
-
500 SF
-
-

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease End
79th Cleaners	-	-	-	-
Curtis Enterprise	-	500 SF	-	-
Idaya Auto Sales	-	500 SF	-	-
Legends Chicken & Fish	-	500 SF	-	-
Young Joo Yoon	-	500 SF	-	-

1 of 1

map
traffic

Walk Score ®

Very Walkable (70)

Transit Score ®

Excellent Transit (71)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers	Multiple 20-33-201-004-0000 20-33-201-006-0000 20-33-201-007-0000 20-33-201-008-0000 20-33-201-003-0000 20-33-201-005-0000	Improvements Assessment	£143,189
Land Assessment	£34,723	Total Assessment	£177,912