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79th Street Plaza 8401-8425 W 79th St 9,000 SF 100% Leased Retail Building Justice, IL 60458 $2,652,248 CAD ($294.69 CAD/SF) 6.79% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased
- Frontage on Main Arterial Street with 27,400 Cars Daily
- Located in a Dense Residential Area
EXECUTIVE SUMMARY
Property is strategically located in the Chicago-Naperville-Elgin market with direct frontage on 79th St
100% Leased Strip Mall
Most Tenants are Long-Term
Three Ingress/Egress Points
Strong operating history, with substantial upside potential
Laundromat also for sale, see attached executive summary
100% Leased Strip Mall
Most Tenants are Long-Term
Three Ingress/Egress Points
Strong operating history, with substantial upside potential
Laundromat also for sale, see attached executive summary
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$293,981
|
$32.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$293,981
|
$32.66
|
| Taxes |
$99,571
|
$11.06
|
| Operating Expenses |
$19,682
|
$2.19
|
| Total Expenses |
$119,253
|
$13.25
|
| Net Operating Income |
$174,727
|
$19.41
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $293,981 |
| Annual Per SF | $32.66 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $293,981 |
| Annual Per SF | $32.66 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,571 |
| Annual Per SF | $11.06 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,682 |
| Annual Per SF | $2.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $119,253 |
| Annual Per SF | $13.25 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $174,727 |
| Annual Per SF | $19.41 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,000 SF
Building Class
B
Year Built
1979
Price
$2,652,248 CAD
Price Per SF
$294.69 CAD
Cap Rate
6.79%
NOI
$180,088 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.12 AC
Zoning
B-1, Justice
Parking
51 Spaces (5.67 Spaces per 1,000 SF Leased)
Frontage
326’ on 79th St
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Allparts Auto Parts Inc
- Retailer
- -
- -
- -
- Lucky Penny
- Retailer
- -
- -
- -
- V & G Laundry
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Allparts Auto Parts Inc | Retailer | - | - | - | ||
| Lucky Penny | Retailer | - | - | - | ||
| V & G Laundry | Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 18-35-101-041-0000 | Total Assessment | $354,767 CAD |
| Land Assessment | $205,835 CAD | Annual Taxes | $99,571 CAD ($11.06 CAD/SF) |
| Improvements Assessment | $148,932 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
18-35-101-041-0000
Land Assessment
$205,835 CAD
Improvements Assessment
$148,932 CAD
Total Assessment
$354,767 CAD
Annual Taxes
$99,571 CAD ($11.06 CAD/SF)
Tax Year
2024
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Presented by
Brainstorm Properties- Commercial Realty
79th Street Plaza | 8401-8425 W 79th St
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