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Galewood Plaza II 6516-6534 W North Ave

13,778 SF 100% Leased Retail Building Chicago, IL 60707 $2,573,000 ($187/SF) 9% Cap Rate

Retail Space Illinois Chicago 6516-6534 W North Ave, Chicago, IL 60707

INVESTMENT HIGHLIGHTS

  • Aggressive CAP rates.
  • 80% of tenants on NNN Leases.
  • Heavily traveled North Ave. sees almost 32K VPD.
  • 100% Occupied.
  • Strong mix of local and national tenants along main retail thoroughfare.
  • Highly visible site with 234' of frontage and 2-story pylon sign.

EXECUTIVE SUMMARY

Discover an exciting investment opportunity on the bustling stretch of 6516-6532 W. North Avenue, Chicago IL. This prime location offers a vibrant retail environment with a mix of national retailers, local businesses, and high foot traffic. Situated in a densely populated area, the property benefits from a strong consumer base and excellent visibility. Nearby points of interest include the Galewood-Mont Clare neighborhood and the Brickyard Shopping Center, providing a dynamic retail landscape for potential investors. With its strategic positioning and diverse offerings, the area presents an attractive prospect for those seeking to capitalize on the thriving Chicago retail market.

ATTACHMENTS

Galewood Plaza II OM 10-17-24

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
13,778 SF
Building Class
B
Year Built
2005
Price
$2,573,000
Price Per SF
$187
Cap Rate
9%
NOI
$231,570
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.52 AC
Zoning
C3-1
Parking
89 Spaces (6.46 Spaces per 1,000 SF Leased)
Frontage
234 FT on W North
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6516-6534 W North Ave, Chicago, IL - AERIAL map view - Image1
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6516-6534 W North Ave, Chicago, IL - AERIAL map view - Image4
Walk Score®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
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measures access to public transit. Bike Score®
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NEARBY MAJOR RETAILERS

Old Second National Bank
Chase Bank
PNC Bank
U.S. Bank
Starbucks
Huntington National Bank
Bank of America
Kidstrong
Fifth Third Bank
Orangetheory Fitness

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13-31-422-041-0000
  • 13-31-422-030-0000
  • 13-31-422-033-0000
  • 13-31-422-039-0000
  • 13-31-422-040-0000
  • 13-31-422-042-0000
 Improvements Assessment $127,963
Land Assessment $260,788 Total Assessment $388,751

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13-31-422-041-0000
  • 13-31-422-030-0000
  • 13-31-422-033-0000
  • 13-31-422-039-0000
  • 13-31-422-040-0000
  • 13-31-422-042-0000
Land Assessment
$260,788
Improvements Assessment
$127,963
Total Assessment
$388,751
(773) 531-6886

CONTACT

  • Listing ID: 33564716

  • Date on Market: 10/18/2024

  • Last Updated:

  • Address: 6516-6534 W North Ave, Chicago, IL 60707

More public record information on 6516-6534 W North Ave, Chicago, IL 60707

The Galewood Retail Property at 6516-6534 W North Ave, Chicago, IL 60707 is currently available. Contact Colliers for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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Galewood Plaza II | 6516-6534 W North Ave
(773) 531-6886 x

Galewood Plaza II | 6516-6534 W North Ave

Brad Belden

(773) 531-6886

(773) 531-6886

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