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    6655 Grand Ave Chicago, IL 60707

    Sponsored
    For Lease
    Contact for pricing

    Prime 1-acre pad, build-to-suit options.

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre retail pad site presents a unique investment opportunity in Chicago's vibrant Brickyard Market submarket. Located at the convergence of Grand, Fullerton, and Narragansett Avenues, this property offers unparalleled visibility and accessibility. The site is part of a larger retail development, situated directly across from a Home Depot, Farmer's Best Market, Harbor Freight Tools, and Ross Dress for Less, ensuring high traffic and strong consumer demographics. With multiple restaurants and additional retail within a half-mile radius, this location benefits from a thriving commercial environment. The property is available for ground lease, build-to-suit, or reverse build-to-suit options, providing flexibility for various development scenarios. The site's 1-acre size allows for substantial development potential, catering to a wide range of retail uses. This is a rare opportunity to secure a prime retail pad in a high-demand location within Cook County, offering significant long-term growth potential. The overall property encompasses 2.06 acres, with this particular pad comprising 1 acre. This site is part of a multi-tenant retail development. The property is ideally suited for developers seeking a strategic location within a bustling commercial area.

    Property Features for 6655 Grand Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF

    Unit(s) available at that property

    Space
    Size
    43,560 SF

    HighLights

    • Pad site redevelopment opportunity with one pad remaining.
    • Approximately one‑acre pad available for ground lease, build‑to‑suit, or reverse build‑to‑suit.
    • Located in the Brickyard submarket, central to multiple urban neighborhoods.
    • High‑traffic intersection of Grand, Fullerton, and Narragansett Avenues.
    • Excellent location near Home Depot, Farmer's Best Market, Harbor Freight, and Ross, plus numerous restaurants and retail within a half‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    TagWorks Pet Supply Store Pet Grooming Pet Groomer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7909355
    Latitude
    41.9231174

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    FAQs

    What type of property is this?
    Retail property - Prime 1-acre pad, build-to-suit options.
    Where is this retail property located?
    The property is located at 6655 Grand Ave Chicago, IL.
    What are key features of this property?
    This property features: Pad site redevelopment opportunity with one pad remaining.; Approximately one-acre pad available for ground lease, build-to-suit, or reverse build-to-suit.; Located in the Brickyard submarket, central to multiple urban neighborhoods.
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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
    6655 Grand Ave Chicago, IL 60707
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