Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    63rd Pulaski Rd Chicago, IL 60629

    • Land
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 63rd Pulaski Rd

    Lot size
    0.33 lot acres
    Property type
    Land

    Description

    This exceptional 0.33-acre commercial land parcel presents a unique investment opportunity in Chicago, Illinois. Situated at the intersection of 63rd Street and South Pulaski Road (zip code 60629), this property boasts unparalleled visibility due to its location on a major arterial road with a high volume of daily traffic (43,000 vehicles per day). The site is ideally suited for a variety of commercial uses, benefiting from its excellent cross-parking capabilities. Its strategic location offers significant advantages, including close proximity to Midway International Airport, numerous full-service restaurants, quick-service restaurants (QSRs), and hotels. Adding to its appeal, the property is adjacent to a CVS Pharmacy, further enhancing its commercial viability and potential for synergistic partnerships. The property is conveniently located half a block south of the intersection of Pulaski Road and 63rd Street in Cook County. This prime location offers exceptional access to a large and diverse customer base, making it an attractive proposition for businesses seeking high visibility and convenient access. The land's size and location make it an ideal candidate for development or redevelopment, presenting a compelling opportunity for investors seeking a strong return on investment in a thriving Chicago market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7227
    Latitude
    41.7787

    Comparable in this City

    • Value Estimation by Request
      11.60 Acres

      3700 63Rd St

      Land • 11.60 Acres
      3700 63Rd St, Chicago, IL 60629
      View Details
    • Value Estimation by Request

      6050 Pulaski Rd

      Land
      6050 Pulaski Rd, Chicago, IL 60629
      View Details
    • Value Estimation
      $295,000
      0.07 Acres

      3817 63rd Pl

      COMMERCIAL (GENERAL) • 0.07 Acres
      3817 63rd Pl, Chicago, IL 60629-4752
      View Details
    • Value Estimation
      $290,000
      0.07 Acres

      3349 63rd St

      COMMERCIAL (GENERAL) • 0.07 Acres
      3349 63rd St, Chicago, IL 60629
      View Details
    • Value Estimation
      $345,000
      0.43 Acres

      6301 Kilbourn Ave

      COMMERCIAL (GENERAL) • 0.43 Acres
      6301 Kilbourn Ave, Chicago, IL 60629
      View Details
    • Value Estimation
      $310,000
      0.07 Acres

      2537 Lithuanian Plz Ct

      COMMERCIAL (GENERAL) • 0.07 Acres
      2537 Lithuanian Plz Ct, Chicago, IL 60629
      View Details

    Similar Nearby for Sale

    • $549,900

      Pulaski Road Commercial Property

      High-traffic location, income-producing property
      6050 Pulaski Rd, Chicago, IL 60629
      View Details
    • $1,200,000
      11.60 Acres

      Prime Chicago Commercial Land

      11.6 Acres, High-Visibility Location
      3700 63Rd St, Chicago, IL 60629
      View Details
    • $85,000

      Commercial Lot Near California Ave

      Empty commercial lot in prime location, buyer to verify.
      2711 W 59Th St, Chicago, IL 60629
      View Details
    • $1,400,000

      Prime Corner Lot for Development

      High-visibility corner lot in West Lawn, Chicago, ideal for development.
      3700 W 63Rd St, Chicago, IL 60629
      View Details
    • Contact for pricing
      0.10 Acres

      Vacant Lot in Chicago

      4,293 sq. ft. vacant lot with development potential.
      6401 S Whipple St, Chicago, IL 60629
      View Details
    • $5,000,000
      18 SF

      Residential Lots with Approved Senior

      Residential single family home lots with senior building approval.
      7400 S Rockwell St, Chicago, IL 60629
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      84,816 SF

      Manufacturing Space Near Transportation Hubs

      Manufacturing space with convenient access to transportation and enterprise zone benefits.
      3820 W 74Th St, Chicago, IL 60629
      View Details
    • Contact for pricing

      Modern Chicago Office Space Available

      Professional office space with natural light and flexible layout.
      5400 S Pulaski Dr, Chicago, IL 60629
      View Details
    • Contact for pricing
      2,614 SF

      Chicago Office Space For Rent

      1,959 SF office space on Pulaski Rd, Chicago.
      6959 S Pulaski Ave, Chicago, IL 60629
      View Details
    • Contact for pricing

      Pulaski Road Retail Opportunity

      Versatile 1,500 sq ft retail space on Pulaski Road.
      5610 S Pulaski Rd, Chicago, IL 60629
      View Details
    • Contact for pricing

      Storefront for Lease Near Kedzie

      Storefront for lease in Chicago near busy Kedzie Avenue.
      5910 S Troy St, Chicago, IL 60629
      View Details
    • New
      Contact for pricing

      Prime Storefront in Chicago

      Versatile 800 SF storefront in a high-traffic Chicago location.
      4109 W 63Rd St, Chicago, IL 60629
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    63rd Pulaski Rd
    Chicago, IL 60629
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.