Walgreens Retail Property For Sale

6016 West 63rd St, Chicago, IL

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For Sale

Contact for pricing

Retail property near Chicago Midway Airport and residential area.

Type:RETAIL

Property size:

14,050 SF

Lot size:

0.77 Acres

Price / SF:

$335/SF

HighLights

Strategic location on a hard corner at a signalized intersection (W 63rd Street and S Austin Avenue).
High traffic location near Chicago Midway International Airport.
Dense residential surroundings with 8,371 households and 22,750 individuals within a 1‑mile radius.
Proximity to other retailers such as 7‑Eleven, Family Dollar, and Dunkin'.
Located 10 miles southwest of downtown Chicago.
Diagonally across from 7‑Eleven.

We can help!

Listing Contact

Rich Lydon

For Sale

Contact for pricing

Retail property near Chicago Midway Airport and residential area.

Type:RETAIL

Property size:

14,050 SF

Lot size:

0.77 Acres

Price / SF:

$335/SF

Added:: Dec 30, 2024
Days on Market:: 532
Last Refresh:: May 20 at 8:52 pm

Property Features for 6016 West 63rd St

General Information

Standard status: Active
Size: 14,050 SF
Lot size: 0.77 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Rich Lydon

Listing agent Rich Lydon

Listing office Equity Investment Advisors

Listing date Dec 30, 2024

Source Moodyscre

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

Strategic location on a hard corner at a signalized intersection (W 63rd Street and S Austin Avenue).
High traffic location near Chicago Midway International Airport.
Dense residential surroundings with 8,371 households and 22,750 individuals within a 1‑mile radius.
Proximity to other retailers such as 7‑Eleven, Family Dollar, and Dunkin'.
Located 10 miles southwest of downtown Chicago.
Diagonally across from 7‑Eleven.

Overview

The Walgreens property is situated approximately 10 miles southwest of downtown Chicago, located on a prominent corner at the signalized intersection of W 63rd Street and S Austin Avenue. The site benefits from its proximity to Chicago Midway International Airport, which is less than 3 miles away and handles approximately 172 domestic and 8 international departures daily. The surrounding area features a dense residential population, with 8,371 households and 22,750 individuals residing within a 1-mile radius, creating a substantial customer base within walking distance. The property is diagonally across from a 7-Eleven and is near Fair Share, Little Learners Daycare, BMO Harris Bank, Hoyne Savings Bank, Family Dollar, Metro by T-Mobile, and Dunkin’. The property size is 14,050 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $261,499 @ 7.0% cap · market cap 5.55%

Second Best

Retail

$2.78M

$2.43M – $3.24M (±1% cap)

NOI $194,379 @ 7.0% cap · market cap 4.12%

Theoretical Best

Office A

$6.62M

$5.80M – $7.73M (±1% cap)

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

Suggested Use

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: -87.7723
Latitude: 41.7781

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For sale
Drug stores
IL
Chicago
6016 West 63rd St

What type of property is this?

Drug store - Retail property near Chicago Midway Airport and residential area.

Where is this drug store located?

The property is located at 6016 West 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: Strategic location on a hard corner at a signalized intersection (W 63rd Street and S Austin Avenue).; High traffic location near Chicago Midway International Airport.; Dense residential surroundings with 8,371 households and 22,750 individuals within a 1‑mile radius.

6016 West 63rd St, Chicago, IL

Retail property near Chicago Midway Airport and residential area.

Property Features for 6016 West 63rd St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

West Town Corner Retail Space

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Chicago Commercial Buildings For Sale

Chicago Commercial Space for Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

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