6422 Sheridan Rd Chicago, IL 60626
- Retail properties
- 28,669 SF
Current Use by Public Records
- Target Grocery / Grocery Store / Supermarket
- Target / Department Store / Clothing Store
Property Details for 6422 Sheridan Rd
- Year built
- 2019
- Property size
- 28,669 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional 28,669 square foot retail property in Chicago, Illinois, presents a lucrative investment opportunity. Built in 2019, the multi-tenant building boasts prominent national tenants: Target and a Wintrust Bank branch. A third retail space is actively being marketed, further enhancing income potential. The property enjoys a highly desirable location at 6422 N Sheridan Rd, 60626, in a densely populated area near Loyola University, benefiting from significant daily vehicle (approximately 46,000) and pedestrian traffic at the intersection of North Sheridan Road and West Devon Avenue. The property includes 59 below-grade parking spaces for customer convenience. Long-term leases are in place, generating a gross scheduled annual income approaching $1,500,000, with a net income soon to reach nearly $1,000,000 annually. This prime retail center offers a strong, stable income stream and significant upside potential in a thriving Chicago neighborhood. The property's modern construction and high-profile tenants make it an ideal addition to any investment portfolio. Cook County location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.661
- Latitude
- 41.9991
