255 W 79th ST Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60620
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $64
MLS Listing ID 12299936
Year Built 1922
Annual Tax Amount $23,634
Tax Year 2023
Lot Dimensions 7160
Property Sub-Type Retail/Stores
Property Description
Seize this exceptional investment opportunity in the heart of Chicago's South Side! This 7,000 SF retail space, located at 255 W. 79th St., is available for sale at $450,000, offering an outstanding 13.15% pro forma cap rate upon stabilization. Previously home to a thriving beauty supply business, this high-visibility retail space is also available for lease at $12.00/SF, making it ideal for a wide range of retail, service, or neighborhood commercial uses. 7,000 SF of Versatile Retail Space Zoned C1-1 - Suitable for a variety of retail and commercial uses High-Traffic Location - Strong visibility and foot traffic along 79th St. For Sale: $450,000 - Strong investment potential with a pro forma 13.15% cap rate For Lease: $12.00/SF - Great opportunity for businesses seeking an established retail corridor Positioned in a densely populated commercial corridor, this property offers easy access to public transportation, major thoroughfares, and a built-in customer base. Whether you're an investor looking for a high-yield retail asset or a business owner seeking a prime location, 255 W. 79th St. delivers exceptional value.
Location
State IL
County Cook
Area Chi - Chatham
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 1