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    9449 Western Ave Chicago, IL 60643

    Sponsored
    For Sale
    $7,143,000
    Property size:
    7,200 SF
    Added:
    Dec 11, 2024
    Days on Market:
    392

    Property Features for 9449 Western Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,200 SF
    Lot Size
    26,136 SF

    Building Details

    Year Built/Renovated
    1981/2006
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Investment‑grade tenant, Citibank N.A. (S&P rating: A).
    • $188 million in deposits—highest in zip code.
    • Absolute net lease with attractive rental escalations.
    • Chicago MSA acquisition opportunity.
    • Across from Evergreen Plaza shopping center (Whole Foods, Burlington, Macy's).
    • Strong demographics: 605,877 residents within a 5‑mile radius, $142,229 average household income (1‑mile radius).
    Property Profile Location Intelligence

    Current Use by Public Records

    Citibank ATM Atm Citi Bank

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6816507
    Latitude
    41.7212058

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    FAQs

    Where is this individual retail property located?
    The property is located at 9449 Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $7,143,000.
    What are key features of this property?
    This property features: Investment-grade tenant, Citibank N.A. (S&P rating: A).; $188 million in deposits—highest in zip code.; Absolute net lease with attractive rental escalations.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9449 Western Ave Chicago, IL 60643
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