For Sale
$2,800,000

6830-6858 Western Ave Chicago, IL 60636

Chicago retail investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional multi-tenant retail portfolio, located at 6830-6858 S Western Ave in Chicago, IL 60636, presents a compelling redevelopment opportunity. The property encompasses 12 parcels totaling 37,500 square feet of land, with 10,125 square feet of building space currently configured as a mix of Class B-C retail, mixed-use retail, condo, and studio spaces. The property boasts approximately 300 feet of frontage along Western Avenue at the intersection of 69th and Western, offering significant visibility and accessibility. The asking price is $2,800,000, translating to $276.54 per square foot. The property is zoned C2-2, allowing for a variety of potential uses. The twelve individual units provide flexibility for various business models and lease terms. This portfolio represents a unique chance to acquire a substantial retail holding with significant upside potential in a vibrant Chicago neighborhood. The existing buildings provide immediate income potential, while the expansive lot size and favorable zoning offer considerable redevelopment possibilities. This is an ideal investment for those seeking a high-return opportunity in a prime Chicago location.

Highlights

  • Multi-tenant, mixed-use retail portfolio totaling 10,125 square feet.
  • Class B-C retail, mixed-use, condo, and studio spaces available.
  • Approximately 300 feet of Western Avenue frontage.
  • Redevelopment potential.
  • 12 parcels comprising 37,500 square feet of land.
  • Flexible lease terms.

Property Details for 6830-6858 Western Ave

Property type
Lifestyle centers, Power centers
Square Feet
10,125 SF
Buildings
12
Units
12

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.768960428171
Longitude
-87.683302010301
6830-6858 Western Ave, Chicago, Illinois

FAQs

What type of property is this?
Lifestyle center - Chicago retail investment opportunity.
Where is the lifestyle center located?
The property is located at 6830-6858 Western Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Multi-tenant, mixed-use retail portfolio totaling 10,125 square feet.; Class B-C retail, mixed-use, condo, and studio spaces available.; Approximately 300 feet of Western Avenue frontage.
How can I contact the broker?
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6830-6858 Western Ave
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