Three-Storefront Retail
For Sale
$589,000
6316 N Cicero Avenue, Chicago, IL 60646
Three commercial storefronts are positioned along Cicero Avenue near I-94 and multiple CTA connections.
Property Size3,250 SF
Price / SF$181.23
Days on Market51
Property Features for 6316 N Cicero Avenue
General Information
Standard status
Active
Size
3,250 SF
Property subtype
COMMERCIAL
Occupancy
100%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$18,747
Building Details
Building Size
3,250 SF
Year Built
1959
Buildings
1
Tenancy
Multi
Listing Agency:
Century 21 Circle
Listed By:
Mark Ahmad · License #471007186
(773) 983-1553
Source:
Dawnmckennagroup
Added: Aug 28
Changed: Oct 14
Last Checked: Oct 16 at 4:57PM
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 Century 21 Circle
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Investment Insights
Based on property information with market context.
This 3,250-square-foot storefront property contains three commercial spaces in a building constructed in 1959. Current leases are described as year-to-year, with one tenant having occupied the property for decades.
The property is located at 6316 N Cicero Avenue in Chicago’s Sauganash-Forest Glen/Edgebrook area, bordering Lincolnwood Village. Access to I-94/Edens Expressway connects the site with Chicago’s North Side, the North Shore, and surrounding suburbs. CTA Route 54 operates along the corridor, while Jefferson Park Transportation Center provides access to the CTA Blue Line, CTA and Pace bus routes, and Metra’s Union Pacific Northwest Line. Whole Foods Market, restaurants, grocery businesses, and service providers are also identified nearby, with O’Hare International Airport a short distance away.
The property is located at 6316 N Cicero Avenue in Chicago’s Sauganash-Forest Glen/Edgebrook area, bordering Lincolnwood Village. Access to I-94/Edens Expressway connects the site with Chicago’s North Side, the North Shore, and surrounding suburbs. CTA Route 54 operates along the corridor, while Jefferson Park Transportation Center provides access to the CTA Blue Line, CTA and Pace bus routes, and Metra’s Union Pacific Northwest Line. Whole Foods Market, restaurants, grocery businesses, and service providers are also identified nearby, with O’Hare International Airport a short distance away.
Key Highlights
- 3,250‑square‑foot building with 3 commercial storefronts
- Constructed in 1959
- Current leases are year‑to‑year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,963
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,260
$899.3K
Cap Rate 7%
$642,329
$642.3K
Cap Rate 9%
$499,589
$499.6K
Market Conditions
NOI Build-Up for 3,250 SF
Gross rent
$70.2K $21.60/SF
− Vacancy
−$6.0K −$1.84/SF
EGI
$64.2K $19.76/SF
− OpEx
−$19.3K −$5.93/SF
NOI
$45.0K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,260
Cap Rate 7%
$642,329
Cap Rate 9%
$499,589
Alternative Uses
Best Use
Retail
$642.3K
$562.0K – $749.4K
NOI $44,963 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,266 @ 7.0% cap · market cap 18.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60646, IL
28,383
Population
11,636
Households
2.4
Avg Household Size
44
Median Age
58%
College-Educated
95%
High-School Grad
4.4 sq mi
ZIP Area
6,451
Density / Sq Mi
$111,115
Median Household Income
$66,105
Median Earnings
$1,241
Median Rent
$493,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- Events Galindo Floral Design — 6643 S Cicero Ave, Chicago, IL 60638
Frequently Asked Questions
What type of property is this?
Storefront property - Three commercial storefronts are positioned along Cicero Avenue near I-94 and multiple CTA connections.
Where is this storefront property located?
The property is located at 6316 N Cicero Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 3,250‑square‑foot building with 3 commercial storefronts; Constructed in 1959; Current leases are year‑to‑year
