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    6701-6709 N Hwy NW Chicago, IL

    For Sale
    $10,444,000

    Mixed-use property with BrightPath lease and apartment income.

    Property size:
    18,200 SF
    Lot size:
    0.26 Acres

    Property Features for 6701-6709 N Hwy NW

    General Information

    Size
    18,200 SF
    Lot size
    0.26 Acres

    Source: CP Partners Agent Benjamin Udell

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

    Overview

    Mixed-Use Property with Leased Apartments

    This mixed-use property features a 20-year BrightPath lease with 10% rental increases every 5 years. The lease includes a full corporate guaranty from BrightPath’s parent company, Busy Bees. In addition to the retail space, the property includes three leased apartment units, providing additional income. The property is located within a dense residential trade area with 169,641 residents within a 3-mile radius. The property is assessed at 10% of its fair market value due to its mixed-use designation, resulting in a $30K+ real estate tax savings for the retail tenant. The property has a total size of 18,200 square feet.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    FloriSculpture, Surroundings by colin, Steve's Flower Market, Thistle and Plume, Barbara's Floral & Gift Shop

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6531805
    Latitude
    41.9007097

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    FAQs

    What type of property is this?
    Storefront property - Mixed-use property with BrightPath lease and apartment income.
    Where is this storefront property located?
    The property is located at 6701-6709 N Hwy NW Chicago, IL.
    What is the asking price?
    The asking price for this property is $10,444,000.
    What are key features of this property?
    This property features: - 20-year BrightPath lease with 10% rental increases every 5 years; - Full corporate guaranty from BrightPath’s parent company – Busy Bees; - Mixed-use property with three leased apartment units providing additional income
    (415) 274-2700
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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
    6701-6709 N Hwy NW Chicago, IL
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