Property profile

6500 North Ave Chicago, IL 60707

OFF-MARKET
Lifestyle centers
9,000 SF 0.55 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Lifestyle centers
Total area 9,000 SF
Lot 0.55 ac (23,958 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6500 North Ave Chicago, IL 60707
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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