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    6016 West 63Rd St Chicago, IL 60637

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    For Sale
    $4,750,000

    Retail property near Chicago Midway Airport and residential area.

    Property size:
    14,050 SF
    Lot size:
    0.77 Acres

    Property Features for 6016 West 63Rd St

    General Information

    Size
    14,050 SF
    Lot size
    0.77 Acres

    Source: Equity Investment Advisors Agent Rich Lydon

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

    Overview

    Walgreens Retail Property For Sale

    The Walgreens property is situated approximately 10 miles southwest of downtown Chicago, located on a prominent corner at the signalized intersection of W 63rd Street and S Austin Avenue. The site benefits from its proximity to Chicago Midway International Airport, which is less than 3 miles away and handles approximately 172 domestic and 8 international departures daily. The surrounding area features a dense residential population, with 8,371 households and 22,750 individuals residing within a 1-mile radius, creating a substantial customer base within walking distance. The property is diagonally across from a 7-Eleven and is near Fair Share, Little Learners Daycare, BMO Harris Bank, Hoyne Savings Bank, Family Dollar, Metro by T-Mobile, and Dunkin’. The property size is 14,050 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Drug Store COVID-19 Drive-Thru Testing ... Pharmacy Walgreens Pharmacy Pharmacy FedEx OnSite Mailing Service Walgreens Photo Passport Photo Processor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Similar Places Nearby

    Central Drugs, COVID-19 Drive-Thru Testing at Walgreens, Walgreens Pharmacy, Surasak Vasavanont, Jason Kopinski

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7722574
    Latitude
    41.7781186

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    FAQs

    What type of property is this?
    Drug store - Retail property near Chicago Midway Airport and residential area.
    Where is this drug store located?
    The property is located at 6016 West 63Rd St Chicago, IL.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: - Strategic location on a hard corner at a signalized intersection (W 63rd Street and S Austin Avenue).; - High traffic location near Chicago Midway International Airport.; - Dense residential surroundings with 8,371 households and 22,750 individuals within a 1-mile radius.
    (310) 584-4540
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    6016 West 63Rd St Chicago, IL 60637
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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
    6016 West 63Rd St Chicago, IL 60637
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