6518-6534 W North Ave - Retail FOR SALE


Chicago, IL 60707- Galewood
$2,697,000 USD
630-570-2260
6518-6534 W North Ave, Chicago, IL for Sale
$2,697,000 USD
Retail - FOR SALE
1/10
null | 8.5% Cap Rate

6518-6534 W North Ave
Chicago, IL 60707
Galewood


HIGHLIGHTS

  • 100 Percent Occupied Five-Tenant Retail Center
  • Long Operating History: Taco Burrito King Has Been Operating Since 2011, Companion Animal Hospital Since 2015, and #1 Nails Salon Since 2014
  • D1 Training Signed a Six-Year Lease in 2024
  • Nearly 200 Feet of Frontage Along North Avenue, which Sees 33,500 Vehicles per Day
  • The Average Household Income is $154,403 within a 0.5-Mile Radius of the Subject Property
  • 166,779 People Live within a Two-Mile Radius of the Subject Property

OVERVIEW

Galewood Plaza II is a 100 percent occupied, five-tenant retail strip center featuring a strong mix of medical and service-oriented tenants. The property has a well-established operating history, with long-term occupants including Taco Burrito King (since 2011), Companion Animal Hospital (since 2015), #1 Nails Salon (since 2014). D-1 Training, a national membership-based training facility, recently signed a six-year lease in 2024. Positioned on a 1.52-acre lot with ample parking, the center offers nearly 200 feet of frontage along North Avenue, which sees 33,500 vehicles per day, and is located just minutes from the Galewood Metra Station. The surrounding area is supported by a robust mix of national retailers such as Dollar Tree, Dunkin’, Binny’s, and Orange Theory Fitness, and is near Concordia University Chicago (5,000+ students), Dominican University (3,400 students), as well as other local schools serving an additional 3,000+ students. The property is ideally positioned within a dense area with 31,817 residents and 23,734 employees within a one-mile radius. The average household income is $154,403 within a half-mile, which is extremely affluent in the Chicagoland area.

FOR SALE DETAILS

PRICE

$2,697,000 USD

PRICE/SF

$196 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Galewood Plaza II

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

C3-1

APN/PARCEL ID

13-31-422-030-0000,13-31-422-033-0000,13-31-422-039-0000,13-31-422-040-0000,13-31-422-041-0000,13-31-422-042-0000

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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