Property profile

6422 Sheridan Rd Chicago, IL 60626

OFF-MARKET
Retail properties & Spaces
28,669 SF Built 2019
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2019
Total area 28,669 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
  • Grocery & Convenience Store Food Market
  • Department Store

Location

6422 Sheridan Rd Chicago, IL 60626
Chicago metro
Google Maps

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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