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    6518-6534 W North Ave Chicago, IL 60707

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    For Sale
    $2,697,000

    100% occupied retail property with strong tenant mix.

    Property size:
    13,778 SF
    Lot size:
    0.96 Acres

    Property Features for 6518-6534 W North Ave

    General Information

    Size
    13,778 SF
    Lot size
    0.96 Acres

    Source: Marcus & Millichap | Chicago Oak Brook Agent Adrian Mendoza

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Occupied Retail Investment Property

    This 13,778 square foot retail property is 100% occupied, with 80% of tenants on NNN leases. The property features a strong mix of local and national tenants along a main retail thoroughfare. Situated on historic RT64 (North Ave), the location benefits from a traffic count of 32,000 vehicles per day. The site offers high visibility with 234 feet of frontage and a two-story pylon sign. Located in a densely populated area with over 313,000 people within a 3-mile radius, the property provides easy access to Chicago and urban/suburban markets. Ample surface and street parking is available.
    Location Intelligence

    Current Use by Public Records

    Richardson Restoration Services Water Damage Restoration Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.788869
    Latitude
    41.909471

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    FAQs

    What type of property is this?
    Strip mall - 100% occupied retail property with strong tenant mix.
    Where is this strip mall located?
    The property is located at 6518-6534 W North Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,697,000.
    What are key features of this property?
    This property features: - 100% Occupied, providing immediate income.; - 80% of tenants on NNN Leases, offering stable returns.; - Highly visible site with 234' of frontage and a prominent 2-story pylon sign.
    (708) 228-9457
    Request Owner's contact information
    6518-6534 W North Ave Chicago, IL 60707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6518-6534 W North Ave Chicago, IL 60707
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