79th & Racine – Walgreens

Type:

Commercial Development

Status:

Completed in 2002

Budget:

$3,000,000

Financial Sources:

Conventional Construction Loan / Bank of America
Developer Equity


Located southwest of downtown Chicago in the Auburn Gresham community, this store includes parking spaces for up to 50 cars and a drive-through pharmacy. The total building area is 16,828 s.f., which includes 5,600 s.f. for mezzanine storage. This store reflects a more upscale masonry design than the boilerplate designs that are standard throughout the United States. This development replaced a gas station that sold drugs and a by-the-hour motel. It is located adjacent to a 70 unit senior that was developed under the sponsorship of St. Sabina Church.