6311 Western AveChicago, IL 60636

Property Details for 6311 Western Ave

Year built

1994

Lot size

0.11 AC

Property type

Retail properties

Property subtype

Retail space

APN

20-19-100-043

APU

2019100043

Description

This exceptional 3,407 square foot shopping center is strategically located at 6311 S Western Ave in Chicago, Illinois, within Cook County, zip code 60636. The property is offered at an attractive asking price of $1,056,000, translating to a price per square foot of $309.95. Its prime location ensures high traffic counts, making it an ideal investment for savvy buyers seeking a strong return. The property's classification is retail, specifically a shopping center, offering significant potential for various commercial ventures. The address is easily accessible and benefits from excellent visibility, further enhancing its appeal to potential tenants and customers. Detailed financial information and further specifics are available upon request. This presents a rare opportunity to acquire a well-positioned retail property in a thriving Chicago neighborhood. The property's size and location make it suitable for a variety of retail uses, offering flexibility and potential for long-term growth. Serious inquiries are encouraged to explore this promising investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $2,353,104

  6.5%

  $2,172,096

  7%

  $2,016,947

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,634,914

  Geo Method

  $1,634,914

• Alternative Use

  Use

  Valuation

  Residential

  $1,832,245

  Hospitality

  $1,678,326

  Educational

  $1,396,348

  Medical

  $1,444,370

  Retail

  $2,172,096

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7786

Longitude

-87.6832

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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