301 W 79th Street
Chicago, IL 60620

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Description

PRIME INVESTMENT OPPORTUNITY: Partially 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.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60620
• Year Built: 2005
• Sq.Ft.: 7,600 sq ft
• Stories: 1
• Units: 6 units
• Zoning: COMMR
• # Of Tenants: 6
• Additional Parcels: Yes
• Building Area Total: 7600
• Construction Materials: Concrete, Brick
• Cooling: Central Air
• Directions: I-94 to 79th Street W to Property. SWC of Princeton Avenue.
• Electric: Circuit Breakers
• Extra Storage Spaces Available (Y/N): Yes
• Fire Protection: Smoke or Fire Protectors
• Flooring: Concrete, Tile, Other
• Foundation Details: Concrete Perimeter
• Heat/Ventilation: Forced Air
• Information: Short Notice OK, No Sign on Property, None
• Investment (Y/N): Yes
• Leasable Area: 3800
• Location: Corner
• Lot Size Square Feet: 19625
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 950
• Misc Inside: Multi-Tenant, Private Restroom/s
• Outdoor Parking: 19-30 Spaces
• Property Offered: For Sale Only
• Tax Annual Amount: 57540
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Electricity, Heat
• Township: Lake
• Utilities: Electric to Site, Natural Gas Available