Prime Value-Add Retail in Opportunity Zone | 6312 S Halsted St
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Prime Value-Add Retail in Opportunity Zone 6312 S Halsted St
18,000 SF Vacant Retail Building Online Auction Sale Chicago, IL 60621
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Investment Highlights
- Value add 18,000-square-foot retail asset to be delivered vacant.
- Positioned in Chicago’s INVEST South/West Opportunity Zone with ongoing corridor improvements that foster growth and community engagement.
- High visibility with over 12,000 daily vehicles, 22,748 weekday CTA Green line passengers, and excellent signage opportunities on a walkable street.
- Located a block from the 63rd Street commercial corridor and near the CTA Green Line, ensuring excellent transit access and daily foot traffic.
- Surrounded by national retailers such as Whole Foods, Walgreens, and Aldi, and near Kennedy-King College with over 2,200 students enrolled annually.
- Located near I-90, 14 minutes from Midway Airport, and within an hour of O’Hare, offering outstanding connectivity and market reach.
Executive Summary
6312-6316 S Halsted Street is a freestanding property that offers 18,000 square feet of prime retail space in the heart of Englewood. The main retail floor enjoys an expansive 6,000 square feet, with the upper and basement levels offering 6,000 square feet of storage or additional purposes. Currently occupied by Rainbow but to be delivered vacant, the property boasts unparalleled visibility, with over 12,000 vehicles passing daily and 22,748 weekday passengers on the nearby CTA Green Line. Just a block from the bustling 63rd Street commercial corridor, this location offers large storefront windows, prominent signage opportunities, and a passenger elevator, all situated on a walkable, high-traffic street. 6312-6316 S Halsted Street is a rare value-add opportunity for investors or owners/users to reimagine a well-positioned space in a thriving neighborhood.
Located in Englewood, a South Side Chicago community with excellent public transit, 6312-6316 S Halsted Street ensures seamless connectivity to Downtown Chicago and nearby areas. The property is part of an Opportunity Zone in Greater Englewood, one of the focus areas of Chicago’s INVEST South/West initiative. Ongoing corridor improvements to Halsted and 63rd Streets create safer, more attractive streets that foster economic growth and community engagement. Nearby amenities include national retailers like Whole Foods, Starbucks, Aldi, Walgreens, and Kennedy-King College, with a 2,200 student enrollment. Additionally, the property offers convenient access to major highways, is a short drive to Interstate 90, and is just 14 minutes from Midway Airport and under an hour from Chicago O’Hare International Airport.
Englewood is part of Chicago’s dynamic economy, driven by a highly educated population, diverse industries, and a robust job market. Within a 5-mile radius, over 717,000 residents contribute to $6 billion in annual consumer spending. Zoned for C1-2, it allows for general retail and the opportunity for multifamily on the second level. Surrounded by revitalized commercial activity and supported by strategic city investments, 6312-6316 S Halsted Street is a well-positioned property in a growing, vibrant market that offers unparalleled potential for investors and owners/users.
Located in Englewood, a South Side Chicago community with excellent public transit, 6312-6316 S Halsted Street ensures seamless connectivity to Downtown Chicago and nearby areas. The property is part of an Opportunity Zone in Greater Englewood, one of the focus areas of Chicago’s INVEST South/West initiative. Ongoing corridor improvements to Halsted and 63rd Streets create safer, more attractive streets that foster economic growth and community engagement. Nearby amenities include national retailers like Whole Foods, Starbucks, Aldi, Walgreens, and Kennedy-King College, with a 2,200 student enrollment. Additionally, the property offers convenient access to major highways, is a short drive to Interstate 90, and is just 14 minutes from Midway Airport and under an hour from Chicago O’Hare International Airport.
Englewood is part of Chicago’s dynamic economy, driven by a highly educated population, diverse industries, and a robust job market. Within a 5-mile radius, over 717,000 residents contribute to $6 billion in annual consumer spending. Zoned for C1-2, it allows for general retail and the opportunity for multifamily on the second level. Surrounded by revitalized commercial activity and supported by strategic city investments, 6312-6316 S Halsted Street is a well-positioned property in a growing, vibrant market that offers unparalleled potential for investors and owners/users.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
Market Analytics Click Here to Access
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Market Sale Price per SF
Chicago - IL USA
Market Cap Rate
Chicago - IL USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
18,000 SF
Building Class
C
Year Built
1931
Tenancy
Single
Building Height
2 Stories
Building FAR
3.44
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C1-2 - Retail storefronts. including warehouses, and auto shops. Apartments permitted above ground level.
Walk Score ®
Very Walkable (75)
About South Chicago
Buttressed between various passenger and freight transmodal nodes, South Chicago is well situated for residents to get to their places of employment throughout the metropolitan area. Opportunities for recreation abound here, too, with the South Shore Cultural Center, Harborside International Golf Center, and the Museum of Science and Industry all within its confines. For a true getaway, residents are near Chicago’s Midway Airport to the northeast.
In addition to area employment that supports Midway Airport, South Chicago is home to businesses that capitalize on the numerous distribution points, access to fresh water for manufacturing and data hosting processes, and a congregation of warehouse and distribution centers. Local employers include automobile manufacturer Ford Motor Company (4,700 employees), digital infrastructure provider Equinix (2,800 employees) and charter bus company Ram Transportation Services (2,200 employees.)
The Chicago Metropolitan Agency for Planning (CMAP) has earmarked almost $1 billion for transportation improvements and extensions within Southwest Cook County, in addition to tax incentives to attract more employers and residents to the area.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
24,249
291,266
717,779
2020 Population
24,659
318,465
786,513
2029 Population
23,506
277,959
684,661
2024-2029 Projected Population Growth
-3.1%
-4.6%
-4.6%
Daytime Employees
4,778
85,462
191,963
Total Businesses
647
8,986
21,213
Average Household Income
$32,683
$53,599
$64,159
Median Household Income
$21,242
$34,048
$43,513
Total Consumer Spending
$147M
$2.2B
$6.2B
Median Age
36.3
35.6
37.3
2024 Households
9,551
108,712
273,417
Percent College Degree or Above
9%
11%
13%
Average Home Value
$158,504
$236,937
$258,668
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 20-20-207-017-0000 | Improvements Assessment | $167,630 |
| Land Assessment | $14,621 | Total Assessment | $182,251 |
PROPERTY TAXES
Parcel Number
20-20-207-017-0000
Land Assessment
$14,621
Improvements Assessment
$167,630
Total Assessment
$182,251
Sale Advisor
Sale Advisor
Steven Stoehrer, Managing Director
(929) 343-5051
Contact
Steven Stoehrer is Managing Director of SVN Stora Realty located at 31 West 34thd Street in New York for the last 10 Years . Steven has a long track record of working with , private equity funds, and high-net-worth individuals, family offices, and developers. His career focus has been on Retail and Multi family in the Northeast with heavy concentration in New York's secondary markets as well as Long Island and New York City.
Prior to SVN he was with Marcus & Millichap in the New York office.
Steven originally entered the real estate industry in 1995 and went on to launch his own firm and mortgage company.
In the last 36 months he has closed, listed, and underwritten in excess of 750 million dollars worth of Investment grade assets with an emphasis on Multifamily and Retail.
Prior to SVN he was with Marcus & Millichap in the New York office.
Steven originally entered the real estate industry in 1995 and went on to launch his own firm and mortgage company.
In the last 36 months he has closed, listed, and underwritten in excess of 750 million dollars worth of Investment grade assets with an emphasis on Multifamily and Retail.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Mary Humphreys
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Prime Value-Add Retail in Opportunity Zone | 6312 S Halsted St
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