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    6335 Western Ave Chicago, IL 60659

    Sponsored
    For Sale
    $2,500,000

    High-traffic retail bank, $2.5M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property at 6335 N Western Avenue in Chicago, Illinois, presents a compelling investment opportunity. The building, zoned B3-2, boasts a substantial 9,090 square feet of space, ideally suited for a variety of retail uses, currently configured as a bank. Situated on a 0.63-acre lot, the property enjoys significant visibility and accessibility with 250 feet of frontage on Western Avenue, averaging 110 feet in depth. High traffic volume is assured, with a daily traffic count of 22,300 vehicles passing by. Ample parking is available for customers and staff, with 35 spaces provided on-site. The asking price for this well-located and established property is $2,500,000. The Cook County location, within the 60659 zip code, offers excellent access to a dense population base and strong consumer spending. This property represents a rare chance to acquire a substantial retail space in a prime Chicago location with high visibility and established infrastructure. The existing bank layout offers a solid foundation for a variety of retail businesses, or potential redevelopment opportunities. The property's size, location, and traffic count make it an attractive investment for both experienced and emerging investors seeking a strong return on investment in a thriving Chicago market.

    Property Features for 6335 Western Ave

    General Information

    Property type
    Individual retail properties

    HighLights

    • 9,090 SF retail building on a 0.63‑acre lot in Chicago, IL.
    • B3‑2 zoning allows for various retail uses.
    • High visibility with 250' of frontage on Western Ave. (22,300 VPD).
    • 35 on‑site parking spaces.
    • Asking price: $2,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hanmi Bank Bank Hanmi Bank ATM Atm

    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
    -87.6895113
    Latitude
    41.9968912

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail bank, $2.5M
    Where is this individual retail property located?
    The property is located at 6335 Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 9,090 SF retail building on a 0.63-acre lot in Chicago, IL.; B3-2 zoning allows for various retail uses.; High visibility with 250' of frontage on Western Ave. (22,300 VPD).
    Request Owner's contact information
    6335 Western Ave Chicago, IL 60659
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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
    6335 Western Ave Chicago, IL 60659
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