For Lease
$10/SF/YR

4520 63Rd StChicago, IL 60629

Chicago retail & office opportunity. High traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property at 4520 W 63rd St, Chicago, IL 60629, presents a compelling investment opportunity. The property encompasses two buildings totaling 12,500 square feet on an 8,367 square foot lot, with a desirable B1-1 Commercial zoning designation. Built in 1965, the two-story structures currently feature a mix of retail and office space, along with residential units (not included in the commercial square footage). The main building (4520) includes retail and office space, while the adjacent buildings (4522-4524) house two 2-bedroom apartments and additional retail space. A separate garage/warehouse with second-level storage is also included. Currently, 7,650 square feet of space is vacant, offering significant potential for lease income. The property boasts 66.94 feet of frontage on West 63rd Street at the corner of Kolmar Avenue, providing excellent visibility. Six parking spaces are available on-site, supplemented by street parking on Kolmar Avenue. The location benefits from high traffic volume (22,741 vehicles per day), proximity to Midway Airport (1.8 miles), and a strong residential demographic within a one-mile radius (population 30,633, average household income $75,428). The area features numerous amenities, including parks, grocery stores, schools, and easy access to restaurants, shopping, and hotels in Cicero. This property is ideal for investors seeking a versatile mixed-use asset in a thriving Chicago neighborhood.

Highlights

  • 7,200 SF of retail space.
  • 3,800 SF of warehouse space.
  • $10 per square foot per year lease rate.

Property Details for 4520 63Rd St

Property type
Retail properties, Office properties
RSF (Rentable sq. ft)
12,500 SF
Year Built
1965
Buildings
2
Stories
2

Unit(s) available at that property

Space
Available Space
Size
3,850 SF
Rate per SF
$10

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7787327
Longitude
-87.7359399
4520 63Rd St, Chicago, Illinois

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4520 63Rd St
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