Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6714 Stony Island Ave Chicago, IL 60649
    Back to Search
    Property profile & analytics

    6714 Stony Island Ave Chicago, IL 60649

    View on Map
    • Neighborhood centers
    • 6,724 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DigitalMint Bitcoin ATM / Atm / Currency Exchange Service

    Property Details for 6714 Stony Island Ave

    Property size
    6,724 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents 1,800 to 1,857 square feet of inline space within a thriving strip center situated at the southwest corner of 67th Street and Stony Island Avenue in Chicago's Woodlawn neighborhood. The property boasts a total of 6,724 square feet, with 3,657 square feet currently vacant and available for lease. The minimum divisible space is 1,800 square feet, offering flexibility for various retail concepts. The maximum contiguous space available is 1,857 square feet. This prime location benefits from excellent visibility and high traffic counts, with 19,300 vehicles per day on Stony Island Avenue and 7,100 vehicles per day on 67th Street. The property enjoys a strategic position adjacent to a Walgreens, and shares the center with established businesses including Boost Mobile, Subway, and a newly opened Buffalo Wild Wings Go. Ample parking is available for customers and employees. This property is located in Cook County, Illinois, and has a 60649 zip code. The property is categorized as a multi-tenant strip center. This is an ideal location for businesses seeking high visibility and strong foot traffic in a well-established commercial area.

    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
    -87.5859
    Latitude
    41.7698

    Comparable in this City

    • Value Estimation by Request
      5,055 SF

      7100 South Shore Dr

      Coworking space • 5,055 SF
      7100 South Shore Dr, Chicago, IL 60649
      View Details
    • Value Estimation by Request
      7,600 SF

      1728 79Th St

      Individual retail properties • 7,600 SF
      1728 79Th St, Chicago, IL 60649
      View Details
    • Value Estimation by Request
      2,950 SF

      7114 Jeffery Blvd

      Office Spaces • 2,950 SF
      7114 Jeffery Blvd, Chicago, IL 60649
      View Details
    • Value Estimation
      $12,285,000
      102,900 SF

      2101 71st St

      MINI-MALL • 102,900 SF
      2101 71st St, Chicago, IL 60649-2143
      View Details
    • Value Estimation
      $12,210,000
      102,900 SF

      2100 72nd Pl

      MINI-MALL • 102,900 SF
      2100 72nd Pl, Chicago, IL 60649-6048
      View Details
    • Value Estimation
      $12,275,000
      102,900 SF

      7131 Clyde Ave

      MINI-MALL • 102,900 SF
      7131 Clyde Ave, Chicago, IL 60649
      View Details

    Similar Nearby for Sale

    • New
      $150,000
      0.20 Acres

      Chicago Commercial Property for Sale

      Commercial property available in Chicago, Illinois.
      2234-2240 E 73Rd St, Chicago, IL 60649
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in Chicago, Illinois.
      1955 E 71St St, Chicago, IL 60649
      View Details
    • New
      $199,900
      0.13 Acres

      Mixed-Use Building in Chicago

      Mixed-use building with storefronts and residential units in Chicago.
      1758 E 79Th St, Chicago, IL 60649
      View Details
    • Contact for pricing
      66,171 SF

      Grocery-Adjacent Shopping Center For Sale

      100% leased shopping center with necessity and fashion retailers.
      7532 1600 E, Chicago, IL 60649
      View Details
    • $275,000
      4,900 SF

      South Shore Mixed-Use Building

      Mixed-use building in South Shore with commercial and residential units.
      2032 E 79Th St, Chicago, IL 60649
      View Details
    • $449,000
      0.11 Acres

      South Shore Commercial Building For Sale

      Single-story corner building in thriving South Shore neighborhood.
      2640 E 75Th St, Chicago, IL 60649
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      890 SF

      Retail Space on Jeffery Blvd

      Retail space available in a stable strip center.
      7623 S Jeffery Blvd, Chicago, IL 60649
      View Details
    • Contact for pricing

      Turnkey Retail Opportunity on 79th

      12,375 SF former Dollar General for rent in Chicago.
      2649 E 79Th St, Chicago, IL 60649
      View Details
    • $900 /Mo

      Street-Level Commercial Storefront for Lease

      Street-level commercial storefront available for lease, approximately 800 SF.
      2451 East 79Th St, Chicago, IL 60649
      View Details
    • $22 SF/Yr

      Retail Space on Jeffery Boulevard

      Retail space available in stable strip center near South Shore.
      7619 S Jeffery Ave, Chicago, IL 60649
      View Details
    • Contact for pricing

      Vanilla-Box Retail Storefront

      Street retail storefront in vanilla-box condition, ready for customization.
      7134 S Jeffery Ave, Chicago, IL 60649
      View Details
    • Contact for pricing

      South Shore Storefront for Lease

      Commercial storefront available for lease in Chicago's South Shore.
      2459 East 79Th St, Chicago, IL 60649
      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.
    6714 Stony Island Ave
    Chicago, IL 60649
    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
    6714 Stony Island Ave, Chicago, IL, 60649
    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!