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    6647 S Western Ave Chicago, IL 60622

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    For Sale
    $1,678,662

    Retail property for sale in Chicago, Illinois.

    Property size:
    8,894 SF
    Lot size:
    0.52 Acres

    Property Features for 6647 S Western Ave

    General Information

    Size
    8,894 SF
    Lot size
    0.52 Acres

    Source: Northmarq | Chicago (East Wacker Dr) Agent Christian Tremblay

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

    Overview

    Chicago Retail Property For Sale

    The property is located at a signalized, hard corner intersection with multiple points of entry. It has a long-term history at the site and a new 5-year lease extension. The tenant is a best-in-class tenant with an investment-grade corporate guaranty and is a top 30% store. The property offers easy access to surrounding public transportation and is located in a dense, urban infill Chicago MSA acquisition opportunity. It is in proximity to Sinai Chicago Holy Cross Hospital. The property size is 8894 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer 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.

    Similar Places Nearby

    Akua S. Bamfo-Agyei, PharmD, COVID-19 Drive-Thru Testing at Walgreens, ProDentim Official Store, Danguole Klimiene, Walgreens Pharmacy

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6830143
    Latitude
    41.7723658

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    FAQs

    What type of property is this?
    Drug store - Retail property for sale in Chicago, Illinois.
    Where is this drug store located?
    The property is located at 6647 S Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,678,662.
    What are key features of this property?
    This property features: - Best-in-Class Tenant with Investment Grade Corporate Guaranty; - Signalized, Hard Corner Intersection with Multiple Points of Entry; - Long-Term History at Site & New 5-Year Lease Extension
    (312) 240-0127
    Request Owner's contact information
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    Chicago, IL 60622
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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
    6647 S Western Ave Chicago, IL 60622
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