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6310 Grand Ave Chicago, IL 60639-2616

OFF-MARKET Retail space Google Maps
16,300 SF 0.53 ac lot Built 1963
Individually Owned ~ Est. High Equity
Estimated value (blended)
$635k
Range $572k – $699k (±10%)
Property ID US28-5091260

Property summary

AI-generated overview

This exceptional mixed-use property, located at 6310 W Grand Ave, Chicago, IL 60639, presents a compelling investment opportunity. The 21,000-23,000 square foot building, constructed in 1956 and renovated in 2016, sits on a 24,000 square foot lot and boasts a 9% cap rate. Currently configured for multiple uses including grocery, quick-service restaurant, and storefront retail, this single-unit, Class B property offers significant redevelopment potential. The property features four dock-high doors, 25 parking spaces, and a 20-foot ceiling height. The B-2-3 zoning allows for a variety of uses. Recent upgrades include a new boiler, electrical system, plumbing, and tuckpointing. The property's strategic location near Riis Park and the Brickyard Mall, with over 25,000 vehicles passing daily, ensures high visibility and accessibility. The asking price is $1,495,000. While currently leased for a short term, the property is ideally suited for owner-users seeking a versatile space or developers envisioning future expansion. All information should be independently verified.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1963
Total area 16,300 SF
Lot 0.53 ac (23,200 SF)
APN 13-32-101-042
UPID US28-5091260

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$695k
CAP Approach CAP
by Request
Comparable Approach Comparable
$874k
Blend (final) Blend
$635k

Owner & transaction history

since 2025
Last sale
$615,000
4 recorded transactions
2025
Price N/A
2025
$1.4M
2021
$615,000
2001
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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