6418-6422 N Sheridan Rd - Storefront FOR SALE


Chicago, IL 60626
$14,500,000 USD
312-440-2000
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


OVERVIEW

Built in 2019 and occupied by Target, a new Wintrust Bank branch and an actively marketed third retail space, the 28,669 sq. ft. commercial property includes a below-grade parking component with 59 retail parking stalls. The property is located in a densely populated area adjacent to Loyola University campus and the intersection of North Sheridan Rd. and West Devon Ave., with approximately 46,000 daily vehicle traffic and heavy pedestrian use. Long-term leases. Gross scheduled income approaching $1,500,000 annually. NET income is soon to be just under $1,000,000 annually.

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
312-440-2000

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Rachel LevinRick Levin & Associates, Inc.More Info
312-440-2000

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