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1634-1642 W 79th St
Chicago, IL 60620
Retail Property For Sale
Investment Highlights
- Newer 9 Unit Strip Center in Auburn Gresham community.
- Property was build for $1,400,000 and appraised for $2,000,000. Pro forma cap rate 14.55%
- Near the new Metra station development. Lots of development in the area!
- Tremendous value add opportunity to acquire 8,194 sf strip center for under $100/sf. Well below replacement cost!
- Newer construction center - ready for occupancy
- Ample Parking with new parking lot and sidewalks. Close to Transportation Existing tenants include: Mini Market, Crown Vape, and Paradize Spa!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,200 SF
Building Class
B
Year Built
2008
Price
$1,093,784 CAD
Price Per SF
$133.39 CAD
Cap Rate
10.79%
NOI
$118,019 CAD
Percent Leased
57%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.45 AC
Zoning
B3-1
Parking
16 Spaces (1.95 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Numbers | Improvements Assessment | $125,125 CAD | |
| Land Assessment | $43,354 CAD | Total Assessment | $168,479 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$43,354 CAD
Improvements Assessment
$125,125 CAD
Total Assessment
$168,479 CAD
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