6830-6858 Western Ave Chicago, IL 60636

Property Details for 6830-6858 Western Ave

Property size

10,125 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional multi-tenant retail portfolio, located at 6830-6858 S Western Ave in Chicago, IL 60636, presents a compelling redevelopment opportunity. The property encompasses 12 parcels totaling 37,500 square feet of land, with 10,125 square feet of building space currently configured as a mix of Class B-C retail, mixed-use retail, condo, and studio spaces. The property boasts approximately 300 feet of frontage along Western Avenue at the intersection of 69th and Western, offering significant visibility and accessibility. The asking price is $2,800,000, translating to $276.54 per square foot. The property is zoned C2-2, allowing for a variety of potential uses. The twelve individual units provide flexibility for various business models and lease terms. This portfolio represents a unique chance to acquire a substantial retail holding with significant upside potential in a vibrant Chicago neighborhood. The existing buildings provide immediate income potential, while the expansive lot size and favorable zoning offer considerable redevelopment possibilities. This is an ideal investment for those seeking a high-return opportunity in a prime Chicago location.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6833

Latitude

41.769