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6153 Western Ave Chicago, IL 60636

OFF-MARKET Land Google Maps
4.71 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 4.71-acre commercial land parcel presents a remarkable opportunity for retail development in Chicago, Illinois. Located at 6153 S Western Ave, in the 60636 zip code, this property boasts unparalleled visibility on a busy thoroughfare, just minutes east of Midway Airport. Its strategic position within the established Western Avenue retail corridor ensures high traffic volume and excellent exposure for any commercial venture. The site benefits from several advantageous designations, including Enterprise Zone 6, Special Service Area #3, and Neighborhood Opportunity Fund participation. Furthermore, its location may qualify for the Invest Southwest Incentive, a Federal Opportunity Zone program offering significant tax benefits. The property's zoning allows for flexibility in development, with potential classifications including Class 6(b)/Class 7(a) or 7(b)/ or Class 8. This prime location, coupled with the substantial tax incentives and development potential, makes this a truly exceptional investment opportunity. Detailed zoning information and development guidelines are readily available upon request. Don't miss this chance to secure a premier retail site in a thriving Chicago neighborhood.

Property profile

Verified
Property type Land
Lot 4.71 ac (205,168 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Dental Office
  • Dental Office
  • Dental Office

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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