6422 Sheridan Rd, Chicago, IL 60626
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.
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Target Grocery Grocery & Convenience Store Food Market
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Target Department Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.