1620 59Th StChicago, IL 60636

Property Details for 1620 59Th St

Year built

2000

Lot size

1.14 AC

Property type

Retail space

APN

20-18-232-010

APU

2018232010

Description

This exceptional 13,013-square-foot retail space is located at 1620 W 59th St in Chicago, Illinois, within Cook County. The property boasts a single-tenant occupancy, offering a blank canvas for a wide range of commercial ventures. Situated on the northwest corner of Ashland Avenue and 59th Street, it benefits from excellent visibility and high traffic counts on Ashland Avenue. Convenient curb cuts are available on both Ashland Avenue and 59th Street, ensuring easy access for customers and deliveries. The property also features ample pylon signage opportunities for maximum brand exposure. A large parking field provides convenient parking for patrons. Its strategic location offers easy access to I-90, enhancing accessibility for both customers and employees. The property's strong location is further supported by the presence of established neighboring retailers, including Family Dollar, Dunkin' Donuts, O'Reilly Auto Parts, and AutoZone, creating a vibrant commercial environment. This single-story building presents a unique opportunity for businesses seeking a high-visibility location with significant square footage and ample parking in a well-established commercial area of Chicago. The property is completely vacant, providing immediate occupancy for the new tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $23,459,238

  6.5%

  $21,654,682

  7%

  $20,107,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,299,245

  Geo Method

  $16,299,245

• Alternative Use

  Use

  Valuation

  Residential

  $18,266,534

  Hospitality

  $16,732,047

  Educational

  $13,920,867

  Medical

  $14,399,627

  Retail

  $21,654,682

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.787

Longitude

-87.6653

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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