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    6311 Western Ave Chicago, IL 60636

    Sponsored
    For Sale
    $1,056,000

    High-traffic retail center, 3,407 SF

    Property size:
    3,407 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,407 square foot shopping center is strategically located at 6311 S Western Ave in Chicago, Illinois, within Cook County, zip code 60636. The property is offered at an attractive asking price of $1,056,000, translating to a price per square foot of $309.95. Its prime location ensures high traffic counts, making it an ideal investment for savvy buyers seeking a strong return. The property's classification is retail, specifically a shopping center, offering significant potential for various commercial ventures. The address is easily accessible and benefits from excellent visibility, further enhancing its appeal to potential tenants and customers. Detailed financial information and further specifics are available upon request. This presents a rare opportunity to acquire a well-positioned retail property in a thriving Chicago neighborhood. The property's size and location make it suitable for a variety of retail uses, offering flexibility and potential for long-term growth. Serious inquiries are encouraged to explore this promising investment prospect.

    Property Features for 6311 Western Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    3,407 SF

    HighLights

    • $1,056,000 asking price for this 3,407 square foot retail shopping center.
    • Located at 6311 S Western Ave, Chicago, IL 60636 in Cook County.
    • Features 3,407 square feet of retail space.
    • Price per square foot is $309.95.
    • High traffic count.
    Property Profile Location Intelligence

    Current Use by Public Records

    Oxford Auto Insurance Auto Insurance Agency UMT - FREE Rapid ... Medical Laboratory

    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
    -87.683336385199
    Latitude
    41.778468003459

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail center, 3,407 SF
    Where is this lifestyle center located?
    The property is located at 6311 Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,056,000.
    What are key features of this property?
    This property features: $1,056,000 asking price for this 3,407 square foot retail shopping center.; Located at 6311 S Western Ave, Chicago, IL 60636 in Cook County.; Features 3,407 square feet of retail space.
    Request Owner's contact information
    6311 Western Ave Chicago, IL 60636
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    Chicago, IL 60636
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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
    6311 Western Ave Chicago, IL 60636
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