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100% Leased | NNN Tenancy | By Demand Drivers 6057 S Western Ave 47,601 SF 100% Leased Retail Building Online Auction Sale Chicago, IL 60636
Financing Available
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Visibly situated 47,601-SF retail strip center fully occupied by two long-term tenants with recent capital expenditures in Chicago, Illinois.
- Sought-after, hands-off investment opportunity with longstanding tenancy and recent capital expenditures just 9 miles south of Downtown Chicago.
- NOI $508,758.31 ($10.69 psf)
- Beneficially positioned over a 3.52-acre lot and an abundance surface parking lot in front of more than 22,400 VPD in a heavily trafficked corridor.
- Surrounded by a dense population of over 720,000 residents within a 5-mile radius with a spending power of more than $6 billion annually.
EXECUTIVE SUMMARY
Fully occupied, 47,601-square-foot retail strip center home to two longstanding tenants in a neighborhood of Chicago, Illinois. Built in 1986, 6057 S Western Avenue presents a single-story shopping center over a spacious 3.52-acre with an ample surface parking lot. The property boasts exceptional visibility and prominent building signage paired with 526 feet of frontage along S Western Avenue in front of over 22,400 vehicles per day. On-site tenants Habitat for Humanity ReStore Chicago South, and Chicago South High School have demonstrated a strong commitment to the property. A new investor can receive the benefits of acquiring a 100% leased property with built-in rental escalations and appreciate a passive acquisition.
Strategically positioned adjacent to popular demand drivers Aldi, Subway, and Dunkin’, 6057 S Western Avenue benefits from its location in a heavily trafficked retail corridor. Surrounding the property within a quick 3-mile radius are numerous renowned retailers and eateries comprising Walmart, Target, Dollar Tree, Jewel-Osco, Dollar General, McDonald’s, Wendy’s, Starbucks, and many more. Looking into the encompassing 5-mile radius is a robust population that encircles the building, boasting a substantial population count of more than 720,000 residents. This community has a generous annual spending power of over $6 billion and is joined by a dense daytime employment of 224,613 employees.
Capital expenditures have taken place at 6057 S Western Avenue, including new fencing installed in 2024, parking lot paving in 2024, parking lot lighting replaced in 2023, a new 20-ton RTU HVAC replacement in 2021, and a new roof in 2014 with a warranty through 2029. Acquire this asset as a premium laissez-faire acquisition as a desirable income-generating investment with long-term NNN tenancy less than 10 miles from Downtown Chicago.
Flexible Financing Available for Qualified Buyers
- Unlock greater purchasing power with Ten-X’s exclusive Financing Contingency Program—available on select high-value assets.
- Connect with your Sales Engineer Cheri Mascitelli today to explore eligibility, review program requirements, and take the next step toward bidding with confidence.
- For full program details, including qualification criteria and documentation, please visit the “Financing Contingency” folder in the data room.
Property tours are available by appointment only. Please contact Brenton Schrader at 312-458-4392 or brenton@citadel-advisors.com to schedule.
Strategically positioned adjacent to popular demand drivers Aldi, Subway, and Dunkin’, 6057 S Western Avenue benefits from its location in a heavily trafficked retail corridor. Surrounding the property within a quick 3-mile radius are numerous renowned retailers and eateries comprising Walmart, Target, Dollar Tree, Jewel-Osco, Dollar General, McDonald’s, Wendy’s, Starbucks, and many more. Looking into the encompassing 5-mile radius is a robust population that encircles the building, boasting a substantial population count of more than 720,000 residents. This community has a generous annual spending power of over $6 billion and is joined by a dense daytime employment of 224,613 employees.
Capital expenditures have taken place at 6057 S Western Avenue, including new fencing installed in 2024, parking lot paving in 2024, parking lot lighting replaced in 2023, a new 20-ton RTU HVAC replacement in 2021, and a new roof in 2014 with a warranty through 2029. Acquire this asset as a premium laissez-faire acquisition as a desirable income-generating investment with long-term NNN tenancy less than 10 miles from Downtown Chicago.
Flexible Financing Available for Qualified Buyers
- Unlock greater purchasing power with Ten-X’s exclusive Financing Contingency Program—available on select high-value assets.
- Connect with your Sales Engineer Cheri Mascitelli today to explore eligibility, review program requirements, and take the next step toward bidding with confidence.
- For full program details, including qualification criteria and documentation, please visit the “Financing Contingency” folder in the data room.
Property tours are available by appointment only. Please contact Brenton Schrader at 312-458-4392 or brenton@citadel-advisors.com to schedule.
MATTERPORT 3D TOURS
Space A - Virtual Tour
/2
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Survey & Site Plan & Zoning Map
- Miscellaneous
- Financing Contingency
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Freestanding
Building Size
47,601 SF
Building Class
C
Year Built
1986
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
3.52 AC
Opportunity Zone
Yes
Parcel Numbers
Zoning
B3-2
Parking
214 Spaces (4.5 Spaces per 1,000 SF Leased)
Frontage
526’ on Western Ave
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
- -
- -
-
Lorem Ipsum
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Jan 0000
Habitat for Humanity is a global nonprofit housing organization working in local communities across all states in the U.S. and dozens of countries. Habitat’s vision is of a world where everyone has a decent place to live. Habitat works toward their vision by building strength, stability and self-reliance in partnership with families in need of decent and affordable housing. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Health Care and Social Assistance | - | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (70)
ABOUT SOUTH CHICAGO
Buttressed between various passenger and freight transmodal nodes, South Chicago is well situated for residents to get to their places of employment throughout the metropolitan area. Opportunities for recreation abound here, too, with the South Shore Cultural Center, Harborside International Golf Center, and the Museum of Science and Industry all within its confines. For a true getaway, residents are near Chicago’s Midway Airport to the northeast.
In addition to area employment that supports Midway Airport, South Chicago is home to businesses that capitalize on the numerous distribution points, access to fresh water for manufacturing and data hosting processes, and a congregation of warehouse and distribution centers. Local employers include automobile manufacturer Ford Motor Company (4,700 employees), digital infrastructure provider Equinix (2,800 employees) and charter bus company Ram Transportation Services (2,200 employees.)
The Chicago Metropolitan Agency for Planning (CMAP) has earmarked almost $1 billion for transportation improvements and extensions within Southwest Cook County, in addition to tax incentives to attract more employers and residents to the area.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
41,492
289,238
720,002
2020 Population
49,585
342,485
815,153
2029 Population
38,767
270,869
681,632
2024-2029 Projected Population Growth
-6.6%
-6.4%
-5.3%
Daytime Employees
5,312
52,929
224,613
Total Businesses
624
5,757
23,330
Average Household Income
$47,580
$57,693
$65,944
Median Household Income
$33,760
$39,892
$45,271
Total Consumer Spending
$265.6M
$2.1B
$6B
Median Age
33.2
35.0
36.4
2024 Households
12,265
90,426
253,173
Percent College Degree or Above
5%
8%
12%
Average Home Value
$168,419
$205,229
$259,106
NEARBY MAJOR RETAILERS
Fifth Third Bank
SALE ADVISORS
SALE ADVISORS
Brenton Schrader, Managing Broker
Brenton handles retail real estate leasing and sales for a roster of corporate clients as well as for Citadel Property Advisors’ one million-square-foot portfolio of shopping centers and retail assets. Brenton is responsible for establishing merchandising strategies, recruiting prospects, and executing leases for Citadel’s retail developments including The Mayfair Collection in Wauwatosa, Wis. and Calhoun Crossing in Brookfield, Wis. In his role, Brenton has been named as a CoStar Power Broker and has completed leases with many of nation’s top retailers including TJX Companies, Kohl’s, Total Wine, DSW, J. Crew, Luxottica, and more.
Mr. Schrader also specializes in restaurant sales and leasing and represents all of the Darden Restaurant brands in Illinois and northwest Indiana including: Olive Garden, LongHorn Steakhouse, Capital Grille, Yard House, and Eddie V’s. Aside from the site selection experience with Darden, Brenton works with restaurant operators of all sizes to identify the ideal location for a restaurant based on competitive performance and site dynamics and to negotiate lease terms that help facilitate long-term success. In addition to tenant representation, Brenton works with developers to curate a restaurant mix at their projects that complements the retail tenant line-up and fosters an integrative mixed-use experience.
Mr. Schrader also specializes in restaurant sales and leasing and represents all of the Darden Restaurant brands in Illinois and northwest Indiana including: Olive Garden, LongHorn Steakhouse, Capital Grille, Yard House, and Eddie V’s. Aside from the site selection experience with Darden, Brenton works with restaurant operators of all sizes to identify the ideal location for a restaurant based on competitive performance and site dynamics and to negotiate lease terms that help facilitate long-term success. In addition to tenant representation, Brenton works with developers to curate a restaurant mix at their projects that complements the retail tenant line-up and fosters an integrative mixed-use experience.
Michael Havdala, Managing Broker
Michael is a successful commercial real estate broker that utilizes an energetic and diligent approach to obtain the best sites for clients and creative techniques to sell and lease commercial properties.
Commercial Real Estate Broker licensed in Illinois, Wisconsin and Indiana specializing in Tenant and Landlord representation.
Partial Tenant representation list includes:
Darden Restaurant Group: The Capital Grille, Yard House, Eddie V’s, Seasons 52, Olive Garden and LongHorn in Illinois/ Northwest Indiana
PNC / National City Bank (first 50 Illinois locations)
The UPS Store (over 80 Illinois locations)
BJ’s Restaurant & Brewhouse
TGI Friday’s
Taco Bell, KFC and Pizza Hut
Public Storage
Major Landlord representation clients include:
Jewel-Osco
Dominick’s
BMO Harris
PNC Bank
US Bank
Darden Restaurants
University of Chicago
Blue Vista Capital Management
Burger King
Centrum Partners
Chili’s
IBT Group
McVickers Development
Principal Financial
TGI Friday’s
Zaremba Group
Commercial Real Estate Broker licensed in Illinois, Wisconsin and Indiana specializing in Tenant and Landlord representation.
Partial Tenant representation list includes:
Darden Restaurant Group: The Capital Grille, Yard House, Eddie V’s, Seasons 52, Olive Garden and LongHorn in Illinois/ Northwest Indiana
PNC / National City Bank (first 50 Illinois locations)
The UPS Store (over 80 Illinois locations)
BJ’s Restaurant & Brewhouse
TGI Friday’s
Taco Bell, KFC and Pizza Hut
Public Storage
Major Landlord representation clients include:
Jewel-Osco
Dominick’s
BMO Harris
PNC Bank
US Bank
Darden Restaurants
University of Chicago
Blue Vista Capital Management
Burger King
Centrum Partners
Chili’s
IBT Group
McVickers Development
Principal Financial
TGI Friday’s
Zaremba Group
ABOUT THE AUCTION TECHNOLOGY
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AUCTION CONTACT
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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100% Leased | NNN Tenancy | By Demand Drivers | 6057 S Western Ave
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100% Leased | NNN Tenancy | By Demand Drivers | 6057 S Western Ave
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