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    6401 95Th St Chicago Ridge, IL 60415

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    For Sale
    $5,979,000

    Retail property with a new 15-year lease in place.

    Property size:
    3,065 SF
    Lot size:
    1.63 Acres

    Property Features for 6401 95Th St

    General Information

    Size
    3,065 SF
    Lot size
    1.63 Acres

    Source: SRS Industrial - Newport Beach Agent Matthew Mousavi

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

    Overview

    Retail Property with Long-Term Lease

    This retail property features a tenant with a recently signed 15-year lease, which includes 5 (5-year) options to extend, indicating a strong commitment to the location. The lease agreement incorporates 7.50% rental increases every 5 years and at the beginning of each option period. The property contains 3,065 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Miller's Ale House American Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.78055
    Latitude
    41.7190725

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    FAQs

    What type of property is this?
    Retail space - Retail property with a new 15-year lease in place.
    Where is this retail space located?
    The property is located at 6401 95Th St Chicago Ridge, IL.
    What is the asking price?
    The asking price for this property is $5,979,000.
    What are key features of this property?
    This property features: - Brand new 15-year lease demonstrates tenant commitment.; - Enjoy 7.50% rental increases every 5 years.; - Benefit from 5 (5-year) options to extend the lease.
    (949) 698-1116
    Request Owner's contact information
    6401 95Th St Chicago Ridge, IL 60415
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    Chicago Ridge, IL 60415
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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
    6401 95Th St Chicago Ridge, IL 60415
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