Listed by Network Real Estate Group
$459,900
3247 W 79th St
Details
APN 19352050380000
Property Type Retail
Sub Type Storefront, Retail/Stores
Square Footage 2,158
Units 1
Cap Rate 2.17%
NOI $10,000
Tenancy Vacant
Brand/Tenant Billboard
Lease Type Gross
Price per SqFt $213
Class B
Year Built 1965
Year Renovated 2010
Buildings 1
Lot Size (SqFt) 13,158
Zoning RTAIL
Investment Type Value Add
Occupancy Date 10/16/2025
Ownership Fee Simple
-/+2,100sf Building + Billboard. Billboard Lease expiring soon
Marketing description
+/-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.
Investment highlights
- Located at the Southwest Corner of 79th St & Southwest Hwy
- Hard corner with a 4-way signalized intersection
- 3-way billboard sign on the site, leased to a sign company
- Lease up for renewal, potential for renegotiation
Listing Contacts
Listed by Network Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$10,000.00
$833.33/mo
Valuation Metrics
0
DSCR
2.17%
Cap Rate
2.17%
ROI
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