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6516-6532 W North Ave.

$2,573,000

6516-6532 W. North Avenue, Chicago, IL 60707

Active
Last Updated: 03/30/2025

13,778 sqft

Building Size

1.52 acres

Lot Area

Details:
Building Size:    13,778 sqft
Lot Area:    1.52 acres
Occupancy:    100%
Units:    8
Year Built:    2005
Floors:    1
Parking Spots:    41
Highlights:
  • Aggressive CAP rates
  • 100% Occupied
  • 80% of tenants on NNN Leases
  • Strong mix of local and national tenants along main retail thoroughfare
  • Heavily traveled North Ave. sees almost 32K VPD
  • Highly visible site with 234' of frontage and 2-story pylon sign
  • Densely populated area with 313K + people within 3 miles
  • Easy access to Chicago and Urban/Suburban markets
  • Ample surface and street parking
Description:

Multi-tenant retail for sale: 9% CAP rate located in North Chicago on RT64/North Avenue. Galewood Plaza II boasts a population of over 313,190 and almost 115,000 households within 3 miles. Excellent visibility with just under 32,000 VPD on 234' feet of frontage on North Avenue, and 2 story pylon signage! Galewood Plaza II sits just east of Harlem and offers easy access and services to Oak Park, River Forest, Elmwood Park and more. Area retailers offer a mix of national and local tenants including; Dunkin, Starbucks, Buona Beef, UPS, Advocate Medical, Dollar Tree, Midas, PNC, US Bank, Multiple QSRs and more.

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.

Multi-Tenant Retail For Sale: 9% CAP rate located in North Chicago on RT64/North Avenue. Galewood Plaza II boasts a population of
over 313,190 and almost 115,000 households within 3 miles. Excellent visibility with just under 32,000 VPD on 234' feet of frontage on North Avenue, and 2-story pylon signage! Galewood Plaza II sits just east of Harlem and offers easy access and services to Oak Park, River Forest, Elmwood Park, and more. Area retailers offer a mix of national and local tenants including; Dunkin, Starbucks, Buona Beef, UPS, Advocate Medical, Dollar Tree, Midas, PNC, US Bank, Multiple QSRs, and more.


ARTHUR (DUNAS)(GOLF)(LINKS) SUB OF BLKS34-35 & 42-43 IN A GALES SUB OF SE SEC 31-40-13
Owner

Map:
4 Spaces Available

6518-6534 W. North Avenue, Chicago IL Strip Center

Available:
Immediately
Sublease:
No
SQFT
1,440
Lease Type:
Gross

Newly renovated 2nd Gen Restaurant space

6518-6534 W. North Avenue, Chicago IL (copy) Strip Center

Available:
Immediately
Sublease:
No
SQFT
2,900
Lease Type:
Gross

Office/Retail Space

6518-6534 W. North Avenue, Chicago IL Strip Center

Available:
Immediately
Sublease:
No
SQFT
1,800
Lease Type:
Gross

Existing nail salon offering other services

6518-6534 W North Ave Chicago IL Street Retail

Available:
Immediately
Sublease:
No
SQFT
1,448
Lease Type:
Gross

Former Retail Space

Documents:
Title
Chicago_Galewood_Plaza_OM_Template_2.15.25.pdf
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