1640 W 79th Street
Chicago, IL 60620

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Description

Value Add Newer 9 Unit Strip Center in Auburn Gresham community. Located on 79th street, just 1 block west of high traffic intersection of 79th and Ashland. This is tremendous value add opportunity to acquire 8,194 sf strip center for under $100/sf. Well below replacement cost! Proper management and leasing can turn this property around quickly. Property was build for $1,400,000 and appraised for $2,000,000.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60620
• Year Built: 2008
• Sq.Ft.: 8,200 sq ft
• Stories: 1
• Units: 9 units
• Zoning: RTAIL
• Additional Parcels: Yes
• Building Area Total: 8200
• Cooling: Central Air
• Directions: I90/95 Expressway to 79th, West to Property. 1/2 block west of Ashland on 79th.
• Electric: Circuit Breakers, Over 600 Amps, Three Phase
• Electric Expense Source: Actual
• Estimated Cam/Sf: 1.51
• Estimated Tax/Sf: 3.75
• Expense Year: 2025
• Fuel Expense Source: Actual
• Gross Rentable Area: 8200
• Gross Scheduled Income: 186136
• Heat/Ventilation: Ceiling Units
• Information: 24-Hr Notice Required
• Insurance Expense: 3502
• Insurance Expense Source: Actual
• Investment (Y/N): Yes
• Leasable Area: 5500
• Leasable Area Units: Square Feet
• Location: Central Business District
• Lot Size Square Feet: 16610
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 851
• Net Rentable Area: 7900
• Original Rental Price: 20
• Outdoor Parking: 6-12 Spaces
• Property Offered: For Sale or Rent
• Property Sub Type: Shopping Center
• Rental Price: 20
• Tax Annual Amount: 28138.9
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Operating Stops, Taxes, Insurance, Repairs, Roof, Scavenger, Tax Stops, Sewer, Varies by Tenant, All Utilities, Trash Collection
• Total Annual Expense Source: Actual