6868 Western AveChicago, IL 60645

For Sale
$2,590,000

17,899 SF Vacant Retail Building

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 17,899-square-foot vacant storefront in Chicago's West Ridge neighborhood presents a compelling investment opportunity. Located on a full block with 250 feet of frontage on Western Avenue, this single-story, Class B building boasts a prime location near public transportation and parks. Built in 1956 and renovated in 2010, the property sits on a 0.66-acre lot and offers significant redevelopment potential. Its former use as a Harley Davidson showroom features drive-in doors and on-site parking. The RS2 zoning allows for various uses. The property's proximity to the Northtown Branch of the Chicago Public Library, Warren Park, and Indian Boundary Park, along with its location near Evanston and Lincolnwood, adds to its appeal. The surrounding area exhibits strong demographics, with a high average household income and median home value within a one-mile radius. The property's size and location make it ideal for a mixed-use development, potentially incorporating retail and residential components. The asking price is $2,590,000, translating to $144.70 per square foot. This is a rare chance to acquire a substantial retail property in a thriving, diverse Chicago neighborhood.

Highlights

  • Tenant-ready, ±18,000 SF retail building with drive-in doors and on-site parking. Includes an additional ±0.2-acre undeveloped lot.
  • Full-block, 250'+ Western Avenue frontage, ideal for mixed-use redevelopment with transit-oriented development potential.
  • Located 0.2 miles from Warren Park and 0.25 miles from Indian Boundary Park.
  • Situated in Chicago's diverse West Ridge neighborhood, near Little India and the Northtown Branch Library.
  • Close proximity to Evanston and Lincolnwood, 1.5 miles from Lincolnwood Town Center and 3 miles from downtown Evanston.
  • Strong demographics: $82,242 average household income, $298,000+ median home value, and 71,361 residents within a 1-mile radius.

Property Details for 6868 Western Ave

Property type
Other retail properties, Individual retail properties
Square Feet
17,899 SF
Class
B
Year Built/Renovated
1956/2010
Buildings
1
Stories
1
Lot Size (sq. ft)
28,750 SF
Units
1

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
42.006831641785
Longitude
-87.690175119526
6868 Western Ave, Chicago, Illinois

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6868 Western Ave
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