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    6017 Western Ave Chicago, IL 60659

    Sponsored
    For Sale
    $4,500,000

    5,305 SF Retail Building, $4.5M

    Property size:
    5,305 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional commercial property, located at 6017-6057 N Western Ave in Chicago, Illinois, presents a lucrative investment opportunity. The property boasts a substantial 5,305 square feet of retail space situated on a generous 47,916 square foot lot. Constructed in 2000, the building features masonry construction and is zoned C2-2, offering a wide range of potential uses. The property's strategic location in Cook County, zip code 60659, places it within Alderman Andre Vasquez's 40th Ward, benefiting from established local infrastructure and community engagement. Annual real estate taxes are $182,116. The asking price for this property is $4,500,000, subject to offer. This substantial land area and existing building provide significant potential for redevelopment or continued operation as a thriving retail space. The property's size and zoning make it ideal for a variety of commercial ventures. Serious inquiries are encouraged to explore this compelling investment opportunity further.

    Property Features for 6017 Western Ave

    General Information

    Property type
    Land
    Square Feet
    5,305 SF

    Building Details

    Year Built
    2000

    HighLights

    • 5,305 SF building
    • 47,916 SF land site
    • 2000 construction year
    • Masonry construction
    • Ward 40 location
    • $182,116 annual real estate taxes
    Property Profile Location Intelligence

    Current Use by Public Records

    Nguyen's Garage Door's ... Garage Door Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.689331
    Latitude
    41.992117

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    FAQs

    What type of property is this?
    Land - 5,305 SF Retail Building, $4.5M
    Where is this land located?
    The property is located at 6017 Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 5,305 SF building; 47,916 SF land site; 2000 construction year
    Request Owner's contact information
    6017 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
    6017 Western Ave Chicago, IL 60659
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