$900,000
301 W 79th Street
Chicago, IL, 60620
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.
Property Details
Price:
$900,000
MLS #:
MRD12195240
Status:
Active
Beds:
0
Baths:
0
Address:
301 W 79th Street
Type:
Commercial
Neighborhood:
CHI – Chatham
City:
Chicago
Listed Date:
Oct 23, 2024
State:
IL
Finished Sq Ft:
7,600
Total Sq Ft:
7,600
ZIP:
60620
Year Built:
2005
Schools
Interior
Cooling
Central Air
Flooring
Concrete, Tile, Other
Exterior
Construction Materials
Concrete, Brick
Financial
Tax Year
2023
Taxes
$57,540
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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301 W 79th Street
Chicago, IL
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