Retail Building on Western
6335 North Western Avenue Chicago, IL 60659
For Sale
$2,500,000
9,090 SF retail building with 35 parking spaces.
Property Size9,090 SF
Lot Size0.63 Acres
Price / SF$275.03
Days on Market122
Property Features for 6335 North Western Avenue
General Information
- Standard status
- Active
- Size
- 9,090 SF
- Lot size
- 0.63 Acres
- Property subtype
- Retail
Listing Agency:
CBRE | Chicago
(312) 861-7851
Listed By:
Peter Graham
(312) 861-7851
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 23 at 7:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Chicago
Investment Insights
Based on property information with market context.
This commercial property features a building size of approximately 9,090 square feet situated on a 0.63-acre lot. The property has a traffic count of 22,300 vehicles per day and includes 35 parking spaces. It is zoned B3-2 and identified by PIN numbers 14-06-100-004, 005, 033, and 044. The property has 250 feet of frontage on Western Avenue, with an average depth of 110 feet.
Key Highlights
- High Traffic Count: 22,300 Vehicles Per Day (VPD)
- Substantial Building Size: +/- 9,090 SF
- Ample Parking: 35 Spaces
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $196.3k | $21.60 |
| − Vacancy | −$16.7k | −$1.84 |
| EGI | $179.7k | $19.76 |
| − OpEx | −$53.9k | −$5.93 |
| NOI | $125.8k | $13.83 |
9,090 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.80M
$1.57M – $2.10M
NOI $125,758 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.29M
$3.75M – $5.00M
NOI $300,014 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hanmi Bank
Bank
Hanmi Bank ATM
Atm
FAQs
What type of property is this?
Retail space - 9,090 SF retail building with 35 parking spaces.
Where is this retail space located?
The property is located at 6335 North Western Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: High Traffic Count: 22,300 Vehicles Per Day (VPD); Substantial Building Size: +/- 9,090 SF; Ample Parking: 35 Spaces
