Prime Industrial Building for Sale at 4542 W Cermak Rd – 18,000 SF Warehouse & Office in Chicago, IL 60623
Chicago, Illinois
Soft Offer1502 W 79th St, Chicago, Illinois 60620
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.
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.
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
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $125,000 | - | - | - | - |
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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.
The property is in 1502 W 79th St, Chicago, Illinois 60620, Cook County.
This is a retail for sale in the commercial category.
The building is 7,432 sqft. The lot is 0 acres.
The lister indicates: Third Party Financing.
Tony Hardy of Keller Williams ONEChicago listed this property. Use the Request Info button to send a message or call (773) 575-6082.
It was published on July 10, 2026 and last updated on July 10, 2026.
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