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3247 W 79th St 2,158 SF Vacant Retail Building Chicago, IL 60652 $732,858 CAD ($339.60 CAD/SF) 1.90% Cap Rate
EXECUTIVE SUMMARY
+/-2,158sf freestanding building on an approximately 13, 171sf site. The property is located at the Southwest Corner of 79th St & Southwest Hwy. A hard corner with a 4-way signalized intersection. The site is has four curb cuts. Two on Southwest Hwy. and two on 79th St. Southwest Hwy also intersects with Kedzie Ave a half block east of the site. High traffic intersection and high daytime traffic. In addition to the freestanding building, there is also a 3-way billboard sign on the site that is leased to a sign company. The rent for the billboard is approximately $10,000/yr. Rent is based on a percentage of the revenue stream the sign generates. The lease is up for renewal soon so terms might be able to be renegotiated.
The densely populated area and high traffic offers an opportunity for the right investor or user for this property.
The densely populated area and high traffic offers an opportunity for the right investor or user for this property.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
2,158 SF
Building Class
C
Year Built
1990
Price
$732,858 CAD
Price Per SF
$339.60 CAD
Cap Rate
1.90%
NOI
$13,959 CAD
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.14
Lot Size
0.35 AC
Zoning
B3-1 - Commercial Buisiness District zoning allows for a variety of uses.
Parking
18 Spaces (8.34 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19-35-205-038-0000 | Improvements Assessment | $44,038 CAD |
| Land Assessment | $69,361 CAD | Total Assessment | $113,399 CAD |
PROPERTY TAXES
Parcel Number
19-35-205-038-0000
Land Assessment
$69,361 CAD
Improvements Assessment
$44,038 CAD
Total Assessment
$113,399 CAD
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3247 W 79th St
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