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    6830-6858 Western Ave Chicago, IL 60636

    Sponsored
    For Sale
    $2,800,000

    Chicago retail investment opportunity.

    Property size:
    10,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multi-tenant retail portfolio, located at 6830-6858 S Western Ave in Chicago, IL 60636, presents a compelling redevelopment opportunity. The property encompasses 12 parcels totaling 37,500 square feet of land, with 10,125 square feet of building space currently configured as a mix of Class B-C retail, mixed-use retail, condo, and studio spaces. The property boasts approximately 300 feet of frontage along Western Avenue at the intersection of 69th and Western, offering significant visibility and accessibility. The asking price is $2,800,000, translating to $276.54 per square foot. The property is zoned C2-2, allowing for a variety of potential uses. The twelve individual units provide flexibility for various business models and lease terms. This portfolio represents a unique chance to acquire a substantial retail holding with significant upside potential in a vibrant Chicago neighborhood. The existing buildings provide immediate income potential, while the expansive lot size and favorable zoning offer considerable redevelopment possibilities. This is an ideal investment for those seeking a high-return opportunity in a prime Chicago location.

    Property Features for 6830-6858 Western Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,125 SF

    Building Details

    Buildings
    12
    Units
    12

    HighLights

    • Multi‑tenant, mixed‑use retail portfolio totaling 10,125 square feet.
    • Class B‑C retail, mixed‑use, condo, and studio spaces available.
    • Approximately 300 feet of Western Avenue frontage.
    • Redevelopment potential.
    • 12 parcels comprising 37,500 square feet of land.
    • Flexible lease terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -87.683302010301
    Latitude
    41.768960428171

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    FAQs

    What type of property is this?
    Lifestyle center - Chicago retail investment opportunity.
    Where is this lifestyle center located?
    The property is located at 6830-6858 Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: Multi-tenant, mixed-use retail portfolio totaling 10,125 square feet.; Class B-C retail, mixed-use, condo, and studio spaces available.; Approximately 300 feet of Western Avenue frontage.
    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
    6830-6858 Western Ave Chicago, IL 60636
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