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    6800 North Ave Chicago, IL 60707

    Sponsored
    For Lease
    $20 SF/Yr

    High-Traffic Retail Space in Chicago

    Lot size:
    1,283 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 6800 W North Avenue in Chicago, Cook County, presents a compelling investment opportunity. The single-story, 7-Eleven anchored center boasts a prime location between Oak Park and Elmwood Park, situated in a high-traffic business corridor surrounded by a dense residential population. The property features multiple tenancies within a single building, offering flexibility for various retail uses. Access is convenient with two points of ingress/egress, one on North Avenue and another on Oak Park Avenue. Ample parking is available for customers and tenants. The property also offers the potential for pylon signage, enhancing visibility and brand recognition. A significant advantage for prospective tenants is the landlord's willingness to provide a tenant improvement allowance, making this an attractive option for businesses seeking to establish or expand their presence in this thriving area. This location benefits from exceptional visibility and accessibility, making it an ideal choice for businesses seeking a strong foothold in a densely populated and high-traffic commercial zone. The property's strategic placement and amenities make it a highly desirable investment opportunity.

    Property Features for 6800 North Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,283 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    6804
    Size
    1,283 SF
    Rate per SF
    $20

    HighLights

    • 7‑Eleven anchored retail center in Chicago, IL.
    • High‑traffic location with excellent visibility.
    • Two access points on North Avenue and Oak Park Avenue.
    • Pylon signage opportunity.
    • Ample parking available.
    • Situated in a dense residential area with high business activity.
    Property Profile Location Intelligence

    Current Use by Public Records

    7-Eleven Convenience Store Western Union Money Transfer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.7949886
    Latitude
    41.909421

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    FAQs

    What type of property is this?
    Individual retail property - High-Traffic Retail Space in Chicago
    Where is this individual retail property located?
    The property is located at 6800 North Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 7-Eleven anchored retail center in Chicago, IL.; High-traffic location with excellent visibility.; Two access points on North Avenue and Oak Park Avenue.
    Request Owner's contact information
    6800 North Ave Chicago, IL 60707
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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
    6800 North Ave Chicago, IL 60707
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