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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 industrial land parcel presents a unique investment opportunity in Chicago's vibrant Southwest side. Located at 6153 S Western Ave, in Cook County, IL (zip code 60636), this property boasts high visibility along Western Avenue, a traditional retail corridor, offering fantastic exposure to significant traffic volume. Its proximity to Midway Airport (minutes east) provides exceptional accessibility. The site is strategically positioned approximately 10 miles from downtown Chicago and within 3 miles of major interstates I-90/94 and I-55, ensuring seamless connectivity to the region's transportation network. Convenient access to the CSX Intermodal 59th Street Yard further enhances its logistical advantages. The property is zoned B3-2 and offers flexibility for various development scenarios, including retail or industrial uses. Potential development options include sale, build-to-suit, or ground lease. This location benefits from several economic incentives, including designation as a HubZone, Enterprise Zone 6, Special Service Area #3, and participation in the Neighborhood Opportunity Fund. Additionally, the property may qualify for the Invest Southwest Incentive program and Federal Opportunity Zone tax benefits. Class 6(B)/class7(a) or 7(B)/ or Class 8 classifications apply. This prime location and diverse development potential make this an exceptional opportunity for investors seeking strong returns in a rapidly evolving industrial and mixed-use corridor.

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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