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Property profile & analytics
OFF-MARKET Estimated value $3,945,000
Community centers

6200 Western Ave Chicago, IL 60659-2818

31,900 SF 0.06 ac lot Built 1927
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US28-1712322
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1927
Total area 31,900 SF
Lot 0.06 ac (2,700 SF)
APN 13-01-215-024
UPID US28-1712322
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Spincycle Laundromat (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.16M
Blend (final) Blend
$3.95M
Owner & transaction history
Wg Properties LLC · 7 yrs held
Wg Properties LLC
since 2018
2 recorded transactions
2018
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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