255 W 79th Street
Chicago, IL, 60620
$450,000
Beds
0 Baths
7,000 SqFt
0 Acres
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$450,000
255 W 79th Street
Chicago, IL, 60620
MLS #MRD12299936 img 0
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.

Property Details

Price:
$450,000
MLS #:
MRD12299936
Status:
Active
Beds:
0
Baths:
0
Address:
255 W 79th Street
Type:
Commercial
Subtype:
Free Standing Store
Neighborhood:
CHI – Chatham
City:
Chicago
Listed Date:
Feb 27, 2025
State:
IL
Finished Sq Ft:
7,000
Total Sq Ft:
7,000
ZIP:
60620
Year Built:
1922

Schools

Interior

Cooling
Central Air

Exterior

Financial

Net Operating Income
$59,189
Tax Year
2023
Taxes
$23,635
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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255 W 79th Street
Chicago, IL