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    6500 North Ave Chicago, IL 60707

    Sponsored
    For Sale
    Contact for pricing

    Prime Chicago retail space, 9,000 SF.

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,000 square foot retail property is situated on a highly visible 0.55-acre corner lot at 6500 W North Ave in Chicago, Illinois, zip code 60707. Located in Cook County, this property offers a unique opportunity for either sale or lease. Its prime location provides excellent access to a substantial customer base, serving the communities of Chicago, River Forest, Oak Park, and Elmwood Park. The site boasts impressive daily traffic volume of 33,900 vehicles per day, ensuring high visibility and potential for significant foot traffic. This free-standing building presents a versatile development opportunity, ideal for a drive-thru establishment or a strip center. The proposed full access point on North Avenue will further enhance accessibility and convenience for customers. The property's size and location make it an attractive investment for businesses seeking a strong presence in a thriving commercial area. This is a rare opportunity to acquire a well-positioned retail space in a high-traffic location within a densely populated area of Chicago.

    Property Features for 6500 North Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    9,000 SF
    Lot Size
    23,958 SF

    HighLights

    • 0.55‑acre pad site available.
    • Excellent opportunity for a freestanding drive‑thru or strip center development.
    • Strategic location serving Chicago, River Forest, Oak Park, and Elmwood Park.
    • High‑traffic location with 33,900 vehicles per day.
    • Proposed full access from North Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -87.788489
    Latitude
    41.9094849

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Chicago retail space, 9,000 SF.
    Where is this lifestyle center located?
    The property is located at 6500 North Ave Chicago, IL.
    What are key features of this property?
    This property features: 0.55-acre pad site available.; Excellent opportunity for a freestanding drive-thru or strip center development.; Strategic location serving Chicago, River Forest, Oak Park, and Elmwood Park.
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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
    6500 North Ave Chicago, IL 60707
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