Drug Store with
3019 W Peterson Ave, Chicago, IL 60659
For Sale
New
$6,387,000
A single-tenant pharmacy operates around the clock and includes a drive-thru pharmacy.
Property Size14,490 SF
Price / SF$440.79
Days on Market3
Property Features for 3019 W Peterson Ave
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Drive-Thru
Tenancy & Operations
Currently Operating
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
SRS Industrial - Newport Beach
Listed By:
Matthew Mousavi · License #CA 01732226
(714) 404-8849
Source:
Srsre
Added: Nov 4
Last Checked: Nov 6 at 5:05AM
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 SRS Industrial - Newport Beach
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Investment Insights
Based on property information with market context.
This 14,490-square-foot drug store in Chicago is occupied by Walgreens and includes a drive-thru pharmacy. The store has operated at the location since 2005 and remains open 24 hours a day. The property is zoned PD: Planned Development.
Walgreen Co. occupies the building under a corporate-signed Absolute NNN lease, with responsibility for taxes, insurance, and maintenance. The lease runs through October 31, 2080, with a tenant termination right every five years beginning October 31, 2030.
Walgreen Co. occupies the building under a corporate-signed Absolute NNN lease, with responsibility for taxes, insurance, and maintenance. The lease runs through October 31, 2080, with a tenant termination right every five years beginning October 31, 2030.
Key Highlights
- 14,490 SF single‑tenant Walgreens property
- Drive‑thru pharmacy and 24‑hour store operations
- Walgreens has operated at this location since 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$269,688
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,393,760
$5.4M
Cap Rate 7%
$3,852,686
$3.9M
Cap Rate 9%
$2,996,533
$3.0M
Market Conditions
NOI Build-Up for 14,490 SF
Gross rent
$382.5K $26.40/SF
− Vacancy
−$23.0K −$1.58/SF
EGI
$359.6K $24.82/SF
− OpEx
−$89.9K −$6.20/SF
NOI
$269.7K $18.61/SF
Area
Chicago, IL
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,393,760
Cap Rate 7%
$3,852,686
Cap Rate 9%
$2,996,533
Alternative Uses
Best Use
Specialty Retail
$3.85M
$3.37M – $4.49M
NOI $269,688 @ 7.0% cap · market cap 4.22%
Second Best
Retail
$2.86M
$2.51M – $3.34M
NOI $200,466 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$6.83M
$5.98M – $7.97M
NOI $478,240 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,825
Businesses Nearby
189k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 42%
Groceries 14%
Hotels & Casinos 1%
McDonald's
Dining
34,098 visits/mo
0.3 miles
Five Below
Shops & Services
32,290 visits/mo
0.5 miles
Aldi
Groceries
26,510 visits/mo
0.4 miles
Culver's
Dining
23,371 visits/mo
0.2 miles
BP
Shops & Services
17,990 visits/mo
0.3 miles
Demographics for 60659, IL
40,579
Population
14,748
Households
2.8
Avg Household Size
36
Median Age
40%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
16,908
Density / Sq Mi
$70,033
Median Household Income
$40,493
Median Earnings
$1,391
Median Rent
$358,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- PowerLife Nutrition — 3251 W Bryn Mawr Ave, Chicago, IL 60659
- COVID-19 Drive-Thru Testing at Walgreens — 3019 W Peterson Ave, Chicago, IL 60659
- Jenny Cheung — 3019 W Peterson Ave, Chicago, IL 606593726
- Intense Heal — 5875 N Lincoln Ave, Chicago, IL 60659
- Walgreens Pharmacy — 3019 W Peterson Ave, Chicago, IL 60659
Frequently Asked Questions
What type of property is this?
Drug store - A single-tenant pharmacy operates around the clock and includes a drive-thru pharmacy.
Where is this drug store located?
The property is located at 3019 W Peterson Ave Chicago, IL.
What is the asking price?
The asking price for this property is $6,387,000.
What are key features of this property?
This property features: 14,490 SF single‑tenant Walgreens property; Drive‑thru pharmacy and 24‑hour store operations; Walgreens has operated at this location since 2005
