Walgreens on Hard
6016 W 63rd St, Chicago, IL 60638
Located near Chicago Midway Airport and dense residential area.
Type:Retail
Property size:
14,050 SFPrice / SF:
$335/SF- Added:
- Feb 27, 2026
- Days on Market:
- 120
- Last Refresh:
- May 12 at 9:38 pm
Property Features for 6016 W 63rd St
General Information
- Standard status
- Active
- Size
- 14,050 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2001
Listing office Equity Investment Advisors
Listing date Feb 27, 2026
Source Crexi
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 Equity Investment Advisors
HighLights
- Located on a hard corner at a signalized intersection (W 63rd Street and S Austin Avenue).
- Proximity to Chicago Midway International Airport (less than 3 miles).
- High‑density residential area with 8,371 households and 22,750 individuals within a 1‑mile radius.
- Located within the Chicago‑Naperville‑Elgin MSA (Population: 9.5M), a major U.S. market.
- Located diagonally across from 7‑Eleven and proximate to other retailers and services.
- Property was built in 2001.
Overview
Located approximately 10 miles southwest of downtown Chicago, this property is positioned on a hard corner at the signalized intersection of W 63rd Street and S Austin Avenue. Chicago Midway International Airport, with approximately 172 domestic and 8 international departures daily, is located less than 3 miles from the site. The property is diagonally across from 7-Eleven and proximate to Fair Share, Little Learners Daycare, BMO Harris Bank, Hoyne Savings Bank, Family Dollar, Metro by T-Mobile, and Dunkin’. The surrounding area features a dense residential concentration, with 8,371 households and 22,750 individuals within a 1-mile radius. The property is located within the Chicago-Naperville-Elgin MSA, which has a population of 9.5 million. The property size is 14,050 square feet.
Local Financial Insights For Specialty 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 | $370.9k | $26.40 |
| − Vacancy | −$22.3k | −$1.58 |
| EGI | $348.7k | $24.82 |
| − OpEx | −$87.2k | −$6.20 |
| NOI | $261.5k | $18.61 |
14,050 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.74M
$3.27M – $4.36M
NOI $261,499 @ 7.0% cap · market cap 5.55%
Second Best
Retail
$2.78M
$2.43M – $3.24M
NOI $194,379 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$6.62M
$5.80M – $7.73M
NOI $463,717 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Walgreens
Pharmacy
COVID-19 Drive-Thru Testing ...
Pharmacy
Walgreens Pharmacy
Pharmacy
FedEx OnSite
Postal Service
Walgreens Photo
(Bike/Boat/Book/etc) Store
Similar Places Nearby
- Central Drugs — 6400 W 63rd St, Chicago, IL 60638
- COVID-19 Drive-Thru Testing at Walgreens — 6016 W 63rd St, Chicago, IL 60638
- Walgreens Pharmacy — 6016 W 63rd St, Chicago, IL 60638
- Surasak Vasavanont — 6016 W 63rd St, Chicago, IL 606384318
- Jason Kopinski — 6016 W 63rd St, Chicago, IL 606384318
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7722574
- Latitude
- 41.7781186
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Located near Chicago Midway Airport and dense residential area.
Where is this drug store located?
The property is located at 6016 W 63rd St Chicago, IL.
What is the asking price?
The asking price for this property is $4,715,000.
What are key features of this property?
This property features: Located on a hard corner at a **signalized intersection** (W 63rd Street and S Austin Avenue).; Proximity to Chicago Midway International Airport (less than 3 miles).; High‑density residential area with 8,371 households and 22,750 individuals within a 1‑mile radius.
