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Commercial For sale Retail Mixed Use

Value-Add Retail Opportunity: 7,432 SF Commercial Building in Chicago, IL 60620 Offered at $125,000 ($16.82/SF) – Exceptional Entry-Level Pricing

1502 W 79th St, Chicago, Illinois 60620

$125,000
$17 / sq ft Listed Jul 10, 2026
7,432 sqft
Building
0 acres
Lot
1926
Built
3
Stories
Class C
Class

About this property

Value-Add Retail Opportunity: 7,432 SF Commercial Building in Chicago, IL 60620 Offered at $125,000 ($16.82/SF) – Exceptional Entry-Level Pricing is a retail for sale in Chicago, Illinois, listed at $125,000. Key details: year built 1926, building size 7,432 sqft, lot size 0 acres, stories 3. Listed by Tony Hardy of Keller Williams ONEChicago on LoopingCloud and last updated July 10, 2026.

Unlock the potential of this expansive 7,432-square-foot brick commercial building located at 1502 W. 79th St. Positioned prominently on the west side of busy Kedzie Avenue with 25 feet of frontage, this property offers exceptional visibility in a high-traffic corridor near the intersection of 79th and Ashland.

Property Features & Layout

  • Commercial Potential: The ground level is currently configured as a former hair salon suite complex, featuring a reception area, 4 office suites, storage space, and a washroom. This level offers a blank canvas for a full renovation to suit retail storefronts, professional offices, or restaurant concepts.

  • Residential Upside: The upper two floors contain two large apartment units, each featuring 3 spacious bedrooms, 1.5 bathrooms, a living room, a dining room, and a kitchen. These units are primed for comprehensive renovation to maximize rental income.

  • Strategic Location: Situated in a dense commercial district, this property benefits from significant foot and vehicle traffic, ensuring high exposure for any business venture.

Investment Highlights

  • Flexible Zoning: The building’s layout and location make it suitable for a wide array of commercial uses, including boutique retail, medical or professional offices, and dining establishments.

  • High-Growth Area: Located in a bustling section of Chicago, this building provides a rare opportunity for developers and investors to acquire a significant footprint at an entry-level price point.

  • Renovation Ready: Whether you are looking for an owner-user space with income-generating residential units or a total building repositioning project, this site offers limitless possibilities for value appreciation.

Key highlights

  • Zoning 50
  • restaurants, retail stores or offices.

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for.

CompanyLender typeContactPhone
TheLoanProsTeam Mortgage Broker Roxanne Chung (754) 707-5877
Money Solutions, LLC Mortgage Broker Jennifer A. Judice (813) 431-5000

Property details

Key facts

Year Built
1926
Building Size
7,432 sqft
Lot Size
0 acres
Stories
3
Building Class
Class C
Property Status
Normal Sale
Building Status
Existing

Pricing details

Financing
Third Party Financing
Investment Property
Vacant investment property

Investment snapshot

$17
Price per sq ft

Acquisition options

OptionAsking priceCap rateCommissionMonthly incomeOwnership
Purchase Only $125,000 - - - -

Features and amenities

Property Other Use Types

  • Zoning 50
  • restaurants, retail stores or offices.

Highlights

  • prime location in a heavily trafficked zone

Location

Address as shown by the lister.

Get directions

About this area - Chicago

Population
85,771
Housing units
30,877
Land area
7.5 sq mi
County
Cook

Neighborhood

Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.

Documents, links and contacts

Links

1 link

Additional contacts

1 person to reach

Frequently asked questions

What is the asking price of Value-Add Retail Opportunity: 7,432 SF Commercial Building in Chicago, IL 60620 Offered at $125,000 ($16.82/SF) – Exceptional Entry-Level Pricing?

Value-Add Retail Opportunity: 7,432 SF Commercial Building in Chicago, IL 60620 Offered at $125,000 ($16.82/SF) – Exceptional Entry-Level Pricing is listed at $125,000. That works out to about $17 per square foot.

Where is Value-Add Retail Opportunity: 7,432 SF Commercial Building in Chicago, IL 60620 Offered at $125,000 ($16.82/SF) – Exceptional Entry-Level Pricing located?

The property is in 1502 W 79th St, Chicago, Illinois 60620, Cook County.

What type of property is this?

This is a retail for sale in the commercial category.

How big is the property?

The building is 7,432 sqft. The lot is 0 acres.

Is financing available?

The lister indicates: Third Party Financing.

Who do I contact about this listing?

Tony Hardy of Keller Williams ONEChicago listed this property. Use the Request Info button to send a message or call (773) 575-6082.

When was this listing published?

It was published on July 10, 2026 and last updated on July 10, 2026.

Listing information

Listing ID
CL-Illinois-27990
Published
Jul 10, 2026
Last updated
Jul 10, 2026

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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.

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