10350 Western AveChicago, IL 60643

Property Details for 10350 Western Ave

Year built

1950

Lot size

0.11 AC

Property size (Sq ft)

6,800 SF

Property type

Retail properties

Property subtype

Retail space

APN

24-13-208-037

APU

2413208037

Description

This exceptional 3,996 square-foot retail property, located at 10350 S Western Ave in Chicago's Beverly neighborhood (zip code 60643), presents a unique owner/user investment opportunity. Built in 1966 and renovated in 1995, this single-story building sits on a highly visible corner of Western Avenue near 103rd Street, boasting excellent transit access via PACE bus routes, proximity to I-57 and a Metra train station. The property benefits from substantial foot and vehicle traffic, with daily counts exceeding 25,800 vehicles. Surrounded by a dense residential area and numerous national retailers including Walgreens, Dunkin', 7-Eleven, KFC, Walmart, Whole Foods, and many more, this location ensures high visibility and strong potential for any restaurant or bar concept. The building includes a 3,000 square-foot basement ideal for storage or office space, a walk-in cooler, and fully operational beer lines. A grandfathered 4 AM liquor license is transferable with the LLC. The property is zoned B1-1 and offers significant potential for a business seeking brand exposure in a thriving commercial corridor. Asking price is $850,000, translating to $212.71 per square foot. The property is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $3,212,430

  6.5%

  $2,965,320

  7%

  $2,753,511

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,231,964

  Geo Method

  $2,231,964

• Alternative Use

  Use

  Valuation

  Residential

  $2,501,358

  Hospitality

  $2,291,230

  Educational

  $1,906,277

  Medical

  $1,971,837

  Retail

  $2,965,320

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.705

Longitude

-87.682

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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