Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6359 Kedzie Ave Chicago, IL 60629
    Back to Search
    Property profile & analytics

    6359 Kedzie Ave Chicago, IL 60629

    View on Map
    • Retail properties & Spaces
    • 5,800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CHI Official Apparel / Cell Phone Store / General Store

    Property Details for 6359 Kedzie Ave

    Property size
    5,800 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located at 6359 S Kedzie Ave, Chicago, IL 60629, at the prominent intersection of 63rd and Kedzie Streets in the Chicago Lawn submarket, Marquette Park cluster. The property consists of three buildings, each three stories high, offering a total of 5,800 square feet of leasable space divided into three suites. Individual units range from a minimum of 850 square feet to a maximum contiguous space of 4,750 square feet, providing flexibility for various business needs. The property is zoned B1-1, ideal for a variety of retail uses. All storefronts are situated below apartments and do not include on-site parking. Each unit features either tile or hardwood flooring, and is equipped with gas-forced heat and central air conditioning. This location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a vibrant community. The property's proximity to major thoroughfares ensures high traffic volume and convenient access for customers. This is a rare opportunity to secure prime retail space in a desirable Chicago neighborhood.

    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
    -87.7031
    Latitude
    41.7771

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      5825 Pulaski Rd

      Restaurants • 1,000 SF
      5825 Pulaski Rd, Chicago, IL 60629
      View Details
    • Value Estimation by Request
      20,862 SF

      7455 Cicero Ave

      Lifestyle centers • 20,862 SF
      7455 Cicero Ave, Chicago, IL 60629
      View Details
    • Value Estimation by Request
      8,580 SF

      5632 Pulaski Rd

      Industrial properties • 8,580 SF
      5632 Pulaski Rd, Chicago, IL 60629
      View Details
    • Value Estimation by Request
      20,000 SF

      6259 Kedzie Ave

      Individual retail properties • 20,000 SF
      6259 Kedzie Ave, Chicago, IL 60629
      View Details
    • Value Estimation by Request
      20,862 SF

      7455 Cicero Ave

      Individual retail properties • 20,862 SF
      7455 Cicero Ave, Chicago, IL 60629
      View Details
    • Value Estimation by Request
      12,512 SF

      5521 Kedzie Ave

      Lifestyle centers • 12,512 SF
      5521 Kedzie Ave, Chicago, IL 60629
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,512 SF

      Chicago Retail Property For Sale

      Retail property available for purchase in Chicago, Illinois.
      5501 S Kedzie Ave, Chicago, IL 60629
      View Details
    • $1,495,000
      0.34 Acres

      Turnkey Restaurant Near Midway Airport

      Well-established restaurant with real estate near Midway Airport.
      4715 W 63Rd St, Chicago, IL 60629
      View Details
    • $585,000

      West Lawn Mixed-Use Investment

      Income-producing mixed-use property in Chicago's West Lawn neighborhood.
      4250 W 63Rd St, Chicago, IL 60629
      View Details
    • Contact for pricing

      Gage Park Two-Car Garage

      Two-car garage with 24/7 secure access near Gage Park.
      2453 W 56Th St, Chicago, IL 60629
      View Details
    • Contact for pricing
      20,862 SF

      Cicero Avenue Retail Opportunity

      Retail space available for sale on Cicero Avenue.
      7455 S Cicero Ave, Chicago, IL 60629
      View Details
    • $395,000

      Mixed-Use Building Across Marquette Park

      Mixed-use building with retail/office space and residential units.
      3121 W 71St St, Chicago, IL 60629
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Rent

      Retail space available for lease in Chicago, IL.
      6300 S Kedzie Ave, Chicago, IL 60629
      View Details
    • Contact for pricing

      Commercial Storefront in Chicago Lawn

      2,600 SF commercial storefront for lease in Chicago Lawn.
      3014 W 63Rd St, Chicago, IL 60629
      View Details
    • Contact for pricing

      Chicago Lawn Retail Storefront

      Retail storefront for lease in Chicago Lawn neighborhood.
      6310 S Campbell Ave, Chicago, IL 60629
      View Details
    • $20 SF/Yr

      West Lawn Commercial Space Available

      Renovated commercial space in high-traffic West Lawn location.
      4536 W 63Rd St, Chicago, IL 60629
      View Details
    • $1,100 /Mo

      Commercial Storefront in Chicago Lawn

      Storefront in Chicago Lawn neighborhood with existing plumbing.
      2834 West 63Rd St, Chicago, IL 60629
      View Details
    • Contact for pricing

      Commercial Space in Chicago, IL

      Retail space available for rent in Chicago, Illinois.
      3123 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.
    6359 Kedzie Ave
    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

    Thank You for Inquiry
    6359 Kedzie Ave, Chicago, IL, 60629
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!