Property profile

6516-6532 North Ave Chicago, IL 60707

OFF-MARKET
Retail properties & Spaces
13,778 SF Built 2005
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Property summary

AI-generated overview

Galewood Plaza II, located at 6516-6532 W. North Avenue in Chicago, Illinois (zip code 60707), offers exceptional retail and restaurant opportunities. This two-story, 13,778 square foot building, constructed in 2005, is situated in Cook County and benefits from high visibility due to its frontage on North Avenue and a prominent two-story pylon sign. The property boasts nearly 25,000 vehicles passing daily (VPD), ensuring significant foot traffic and exposure for businesses. Currently, there are three available spaces, ideal for various commercial uses. One space is a 1,440 square foot second-generation restaurant space, another is a 1,800 square foot space suitable for a salon, and a third retail space measures 1,448 square feet. The minimum divisible space is 1,440 square feet, with a maximum contiguous space of 1,800 square feet. A total of 4,688 square feet is currently vacant. This property presents a unique chance to establish a business in a thriving Chicago neighborhood with high traffic volume and excellent signage. The building's multi-tenant configuration provides a diverse and vibrant commercial environment. Interested parties should inquire about lease terms and availability.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2005
Total area 13,778 SF

Cap rate & NOI

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

Location

6516-6532 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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