6418-6422 N Sheridan Rd - Storefront FOR SALE


Chicago, IL 60626
$14,500,000 USD
855-394-6212
6418-6422 N Sheridan Rd, Chicago, IL for Sale
$14,500,000 USD
Storefront - FOR SALE
1/4
null | Request Cap Rate

6418-6422 N Sheridan Rd
Chicago, IL 60626


HIGHLIGHTS

  • 6422 N Sheridan Road is a 28,669-square-foot, street-level retail component to a larger mixed-use commercial and residential building.
  • Benefit from the property's strategic location near Loyola University campus, and long-term, high-grossing national retailer tenants.
  • Occupied by a high-traffic Target, along with a new Wintrust Bank branch and an available storefront retail suite.
  • Conveniently located along Sheridan Road, a heavily traversed commercial corridor with immense foot traffic and over 46,000 daily drivers.
  • Features an easily accessible below-grade parking component with 59 retail car parking stalls and excellent signage.

OVERVIEW

6422 N Sheridan Road offers the opportunity to acquire a superior retail investment in a densely populated area of northern Chicago. This well-trafficked property was built in 2019 and is primarily occupied by Target, along with a new Wintrust Bank branch and an actively marketed third retail space. The property comprises 28,669 square feet of commercial space and a below-grade parking component with 59 retail parking stalls. Investors will benefit from the property's strategic location, high-grossing long-term tenants, and value-add opportunities. Gross scheduled income is approaching $1,500,000 annually, while the NET income will soon be just under $1,000,000 annually. Ideally located across from the Loyola University campus at the intersection of North Sheridan Road and West Devon Avenue, the property serves as a focal point for the community, providing a go-to shopping destination for students and residents for groceries and other necessities. Sheridan Road is one of the city's major thoroughfares, allowing for easy travel within and outside of town and convenience to neighborhood amenities. 6422 N Sheridan Road has excellent exposure to approximately 46,000 daily vehicle traffic and heavy pedestrian use. Further benefitting from a prime Chicago location and prominent visibility, 6422 N Sheridan Road is within walking distance of the L train's Loyola Station (Red Line).

FOR SALE DETAILS

PRICE

$14,500,000 USD

PRICE/SF

$506 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Chicago Retail Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

PD-1372

APN/PARCEL ID

11-32-331-032-0000

ASK ABOUT THIS PROPERTY

Rachel LevinRick Levin & Associates, Inc.More Info
855-394-6212

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Rachel LevinRick Levin & Associates, Inc.More Info
855-394-6212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.