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    6200 Western Ave Chicago, IL 60636

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    For Sale
    Contact for pricing

    Prime Chicago Retail Opportunity: 12,210 SF

    Property size:
    12,210 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 6200 S Western Ave in Chicago, IL, presents a compelling investment or user opportunity. The 12,210 square foot building, formerly a Walgreens, sits on a sizable 19,428 square foot lot and boasts significant frontage on both 62nd Street and Western Avenue. The property includes on-site parking for 21 vehicles, providing ample convenience for customers and employees. Its B1-2 zoning allows for a variety of commercial uses. The location benefits from excellent access to public transportation and enjoys high visibility due to its corner location. Surrounding businesses include Walgreens, Pete's Fresh Market, McDonald's, Chase, ALDI, Dunkin', Dollar General, and numerous restaurants, indicating a strong retail environment. The property's daily traffic count is 22,427 vehicles. The 2021 real estate taxes were $43,461.37. Situated in Chicago Lawn, this location is less than 12 miles from downtown Chicago and is within an Opportunity Zone. This property is ideal for both owner-operators seeking a high-traffic location and investors looking for a strong return. The substantial size and prime location make this a rare opportunity in a thriving commercial corridor.

    Property Features for 6200 Western Ave

    General Information

    Property type
    Retail properties
    Square Feet
    12,210 SF

    HighLights

    • 12,210 SF retail building, former Walgreens.
    • Corner lot at 62nd Street and Western Avenue.
    • On‑site parking for 21 vehicles.
    • Significant street frontage.
    • Excellent public transportation access.
    • Located in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spincycle Laundromat Laundromat

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6840724
    Latitude
    41.7807668

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    FAQs

    What type of property is this?
    Retail property - Prime Chicago Retail Opportunity: 12,210 SF
    Where is this retail property located?
    The property is located at 6200 Western Ave Chicago, IL.
    What are key features of this property?
    This property features: 12,210 SF retail building, former Walgreens.; Corner lot at 62nd Street and Western Avenue.; On-site parking for 21 vehicles.
    (312) 338-3003
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    6200 Western Ave Chicago, IL 60636
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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
    6200 Western Ave Chicago, IL 60636
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