6335 Western Ave Chicago, IL 60659
- Banks
- 5,100 SF
- 0.12 lot acres
Current Use by Public Records
- Hanmi Bank / Savings Bank / Bank
- Hanmi Bank ATM / Atm
Property Details for 6335 Western Ave
- Year built
- 1941
- Lot size
- 0.12 lot acres
- Property size
- 5,100 SF
- Property type
- Banks
- APN
- 14-06-100-033
- APU
- 1406100033
Description
This exceptional retail property at 6335 N Western Avenue in Chicago, Illinois, presents a compelling investment opportunity. The building, zoned B3-2, boasts a substantial 9,090 square feet of space, ideally suited for a variety of retail uses, currently configured as a bank. Situated on a 0.63-acre lot, the property enjoys significant visibility and accessibility with 250 feet of frontage on Western Avenue, averaging 110 feet in depth. High traffic volume is assured, with a daily traffic count of 22,300 vehicles passing by. Ample parking is available for customers and staff, with 35 spaces provided on-site. The asking price for this well-located and established property is $2,500,000. The Cook County location, within the 60659 zip code, offers excellent access to a dense population base and strong consumer spending. This property represents a rare chance to acquire a substantial retail space in a prime Chicago location with high visibility and established infrastructure. The existing bank layout offers a solid foundation for a variety of retail businesses, or potential redevelopment opportunities. The property's size, location, and traffic count make it an attractive investment for both experienced and emerging investors seeking a strong return on investment in a thriving Chicago market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $505,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $565,000
- 6.5%
- $580,000
- 7%
- $570,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $545,000
- Geo Method
- $620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $435,000
- Retail
- $530,000
- Mixed-Use
- $590,000
- Hospitality
- $580,000
- Educational
- $525,000
- Residential Income
- $495,000
- Energy
- $440,000
- Income-Based Land
- $485,000
- Food Service
- $500,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6895
- Latitude
- 41.997
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA