City of Chicago Department of Planning and Development
10/16/2025 | Press release | Archived content
Property Tax Incentive Will Support Austin Grocery Store
Property Tax Incentive Will Support Austin Grocery Store
October 16, 2025
312.744.9267
Austin's new Forty Acres Fresh Market store received approval from City Council today for a Cook County Class 7(d) property tax incentive that will provide an estimated $485,000 in savings over its 12-year term.
Opened in late September, the $13 million project converted a former Salvation Army building at 5713 W. Chicago Ave. into a full-service grocery store and 2,050-square-foot branch bank.
The Class 7(d) incentive supports the operation of grocery stores in areas lacking access to fresh fruit, vegetables and other foods.
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