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255 W 79th Street Chicago, IL 60620 • Commercial - Retail • New

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  • 255 W 79th Street , Chicago, IL 60620 Main Photo

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Description

Bring your business vision to Chicago's 79th Street commercial corridor. Located at 255 W 79th St, Chicago, IL 60620, this approximately 7,125 SF retail building for sale offers entrepreneurs, owner-users, and developers the opportunity to establish their next destination in West Chatham. Picture a beauty and wellness destination combining salon suites with product retail. A neighborhood grocery or specialty food market serving nearby households. A medical, dental, or physical therapy practice offering convenient local care. Or a fitness, yoga, or personal-training studio built around a loyal membership community. C1-1 zoning accommodates a broad range of commercial uses, creating possibilities for these concepts as well as restaurants, coffee shops, professional offices, and retail showrooms. Formerly occupied by a beauty supply retailer, the building features a distinctive brick-and-stone facade, street-level exposure, and a rear overhead door. The existing interior presents an opportunity for a custom commercial renovation, allowing a buyer to plan sales areas, treatment rooms, studios, offices, or other business-specific spaces. For an owner-operator, this is an opportunity to build a brand while owning the real estate behind it. For a developer or investor, it offers a commercial property to renovate, reposition, and introduce to new occupants. Accessibility strengthens the opportunity. Nearby CTA #79 and #24 bus stops connect the property to surrounding neighborhoods, while the 79th Street Red Line station is approximately 0.4 mile away. Dan Ryan Expressway/I-94 access is approximately 0.3 mile away, supporting connections for customers, employees, and deliveries. Chatham Market is roughly 1 mile away, with Lowe's nearby, and Chatham Ridge Shopping Center is approximately 1.4 miles away. Area shopping destinations include Food 4 Less, Five Below, Foot Locker, and Starbucks. The property fronts a Neighborhood Opportunity Fund eligible commercial corridor and is mapped within the 79th/Vincennes SBIF district. Qualifying commercial projects may pursue NOF grants and potential SBIF assistance, subject to program eligibility, funding, application windows, and City approval. Create a storefront that reflects your vision and gives customers a reason to return. Schedule a tour to explore the property's retail, service-business, and commercial redevelopment possibilities.

Property Highlights

Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1922

General Information

County: Cook
Listed By:
MoHall Commercial & Urban Development 312-826-9925
MRED MLS
$350,000
Est. $2,428/mo
New to the Market New
SQUARE FEET7,125 MLS#12799063
STATUSNew PROPERTY TYPECommercial - Retail

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255 W 79th Street , Chicago, IL 60620.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $350,000$350,000$350,000
Down Payment $70,000$12,250$87,500
Monthly Mortgage Amount $1,839$2,258$2,251
Taxes $487$487$487
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$154$0
Monthly Estimated Total $2,428$3,001$2,840

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