6200 Western Ave Chicago, IL 60659-2818
This exceptional retail property, located at 6200 S Western Ave in Chicago, IL, presents a compelling investment or user opportunity. The 12,210 square foot building, formerly a Walgreens, sits on a sizable 19,428 square foot lot and boasts significant frontage on both 62nd Street and Western Avenue. The property includes on-site parking for 21 vehicles, providing ample convenience for customers and employees. Its B1-2 zoning allows for a variety of commercial uses. The location benefits from excellent access to public transportation and enjoys high visibility due to its corner location. Surrounding businesses include Walgreens, Pete's Fresh Market, McDonald's, Chase, ALDI, Dunkin', Dollar General, and numerous restaurants, indicating a strong retail environment. The property's daily traffic count is 22,427 vehicles. The 2021 real estate taxes were $43,461.37. Situated in Chicago Lawn, this location is less than 12 miles from downtown Chicago and is within an Opportunity Zone. This property is ideal for both owner-operators seeking a high-traffic location and investors looking for a strong return. The substantial size and prime location make this a rare opportunity in a thriving commercial corridor.
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Spincycle Laundromat (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
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.