6655 Grand AveChicago, IL 60707

Property Details for 6655 Grand Ave

Year built

1997

Lot size

1.82 AC

Property size (Sq ft)

27,300 SF

Property type

Retail space

APN

13-31-205-032

APU

1331205032

Description

This exceptional 1-acre retail pad site presents a unique investment opportunity in Chicago's vibrant Brickyard Market submarket. Located at the convergence of Grand, Fullerton, and Narragansett Avenues, this property offers unparalleled visibility and accessibility. The site is part of a larger retail development, situated directly across from a Home Depot, Farmer's Best Market, Harbor Freight Tools, and Ross Dress for Less, ensuring high traffic and strong consumer demographics. With multiple restaurants and additional retail within a half-mile radius, this location benefits from a thriving commercial environment. The property is available for ground lease, build-to-suit, or reverse build-to-suit options, providing flexibility for various development scenarios. The site's 1-acre size allows for substantial development potential, catering to a wide range of retail uses. This is a rare opportunity to secure a prime retail pad in a high-demand location within Cook County, offering significant long-term growth potential. The overall property encompasses 2.06 acres, with this particular pad comprising 1 acre. This site is part of a multi-tenant retail development. The property is ideally suited for developers seeking a strategic location within a bustling commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $12,080,094

  6.5%

  $11,150,856

  7%

  $10,354,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,960,679

  Geo Method

  $8,960,679

• Alternative Use

  Use

  Valuation

  Residential

  $9,406,164

  Hospitality

  $8,615,996

  Educational

  $7,168,408

  Medical

  $7,414,940

  Retail

  $11,150,856

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9232

Longitude

-87.7912

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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