This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Galewood Plaza II 6516-6534 W North Ave

13,778 SF 66% Leased Retail Building Chicago, IL 60707 $2,573,000 ($187/SF) 9% Cap Rate

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.

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
66%
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

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,440 SF
  • Restaurant
  • In-Line
  • Now

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.

  • 1st Floor
  • 1,448 SF
  • Retail
  • In-Line
  • Now

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.

  • 1st Floor
  • 1,800 SF
  • Retail
  • In-Line
  • Now

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.

Space Size Space Use Position Available
1st Floor 1,440 SF Restaurant In-Line Now
1st Floor 1,448 SF Retail In-Line Now
1st Floor 1,800 SF Retail In-Line Now

1st Floor

Size
1,440 SF
Space Use
Restaurant
Position
In-Line
Available
Now

1st Floor

Size
1,448 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size
1,800 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size 1,440 SF
Space Use Restaurant
Position In-Line
Available Now

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.

1st Floor

Size 1,448 SF
Space Use Retail
Position In-Line
Available Now

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.

1st Floor

Size 1,800 SF
Space Use Retail
Position In-Line
Available Now

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.

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
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

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

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
  • Listing ID: 33564716

  • Date on Market: 10/18/2024

  • Last Updated:

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

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}