6745 63Rd StChicago, IL 60638

Property Details for 6745 63Rd St

Year built

1965

Lot size

0.07 AC

Property size (Sq ft)

2,800 SF

Property type

Retail space

APN

19-19-200-006

APU

1919200006

Description

This 650-square-foot medical office suite is located within the Clear Ridge Medical Center at 6745 W 63rd St, Chicago, IL 60638, near the intersection of 63rd St & Oak Park Ave. The space features one private office, two exam rooms, a storage room, and a reception/waiting area. Tenants have access to a large common lobby and a private parking lot accommodating ten or more vehicles, with additional street parking also available. The building is a Class C, 2,850-square-foot medical office building situated on an 8,550-square-foot lot. The property is zoned B3-1 in Cook County and benefits from high traffic volume, with over 16,200 vehicles passing daily on 63rd Street. Its convenient location in Chicago's Clearing neighborhood offers easy access to Midway Airport, Interstate 55, Interstate 294, and public transportation. This space is ideal for a variety of medical uses, including dental practices, satellite offices, private practices, and therapeutic services. Currently, 650 square feet are available for lease within a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,322,765

  6.5%

  $1,221,014

  7%

  $1,133,799

• Comparable approach

  Method

  Valuation

  Relative Method

  $919,044

  Geo Method

  $919,044

• Alternative Use

  Use

  Valuation

  Residential

  $1,029,971

  Hospitality

  $943,448

  Educational

  $784,938

  Medical

  $811,933

  Retail

  $1,221,014

Location Insight

City

Bedford Park

County

Cook

State

Illinois

Latitude

41.7773

Longitude

-87.7904

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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