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650 W 63rd St
Chicago, IL 60621

Walgreens · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.99 AC
Zoning
C - Commercial
Parking
48 Spaces (3.16 Spaces per 1,000 SF Leased)
Frontage
275 FT on West 63rd

Amenities

  • Drive Thru
  • Air Conditioning

About 650 W 63rd St , Chicago, IL 60621

The Jonna Group of Marcus & Millichap is pleased to present a double net (NN) leased Walgreens Pharmacy, located in the iconic city of Chicago, Illinois. This is a corporate backed Walgreens comprised of 15,120-square feet on approximately 1 acre of land. Walgreens has over 10 years remaining on their base 20 year lease which includes 10 (5) year renewal options. The property is strategically situated on the signalized hard corner intersection of West 63rd Street and South Union Avenue with immediate access to interstate 94 exit/entrance ramps and walking distance to Kennedy-King College with over 12,000 in student enrollment. The immediate region is densely populated with 337,000+ people including over 117,000 households in a three mile radius. This exceptional investment provides an investor strong stable cash flow from the largest pharmacy in the United States. Surrounding area retailers include: Brand New Englewood Square Development with Whole Foods Market, Starbucks, Chipotle & PNC Bank. Englewood Square is part of a larger 13-acre development being developed in the near future. Chicago is the third most populous city in the United States, after New York City and Los Angeles. With 2.7 million residents, it is the most populous city in both the state of Illinois and the Midwestern United States. Its metropolitan area, sometimes called Chicagoland, is home to 9.5 million people.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 20-16-324-058-0000
  • 20-16-324-059-0000
Land Assessment
$97,222
Improvements Assessment
$235,778
Total Assessment
$333,000
  • Listing ID: 4911814

  • Date on Market: 11/15/2016

  • Last Updated:

  • Address: 650 W 63rd St, Chicago, IL 60621

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