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6301 S Kedzie Ave 14,029 SF Retail Building Chicago, IL 60629 $3,900,000 ($278.00/SF) 7.44% Cap Rate



Investment Highlights
- High-traffic corner with excellent visibility and easy access
- Strong daily vehicle and pedestrian counts
- Surrounded by high density residential neighborhood
Executive Summary
Network Property Management is pleased to exclusively present for sale a single tenant,
net-leased Walgreens property strategically located on the southwest
side of Chicago. The asset occupies the highly visible northeast corner of 63rd
Street & Kedzie Avenue, a prominent hard-corner position at a fully signalized
four-way intersection. The property is improved with a +/-14,029 square-foot
freestanding building situated on an approximately +/-39,558 square-foot site,
offering excellent frontage, access, and visibility. The intersection benefits from
strong traffic volumes of approximately 33,000 vehicles per day, providing
consistent consumer exposure and reinforcing the location’s long-term retail
viability. Walgreens has successfully operated at this location since its original
construction in 2001 and recently demonstrated its continued commitment to
the site by extending its lease through January 2029. The lease structure offers a
passive investment profile, with landlord responsibilities limited to roof and
structural components, making this an attractive opportunity for investors
seeking stable, long-term income backed by a nationally recognized credit
tenant.
net-leased Walgreens property strategically located on the southwest
side of Chicago. The asset occupies the highly visible northeast corner of 63rd
Street & Kedzie Avenue, a prominent hard-corner position at a fully signalized
four-way intersection. The property is improved with a +/-14,029 square-foot
freestanding building situated on an approximately +/-39,558 square-foot site,
offering excellent frontage, access, and visibility. The intersection benefits from
strong traffic volumes of approximately 33,000 vehicles per day, providing
consistent consumer exposure and reinforcing the location’s long-term retail
viability. Walgreens has successfully operated at this location since its original
construction in 2001 and recently demonstrated its continued commitment to
the site by extending its lease through January 2029. The lease structure offers a
passive investment profile, with landlord responsibilities limited to roof and
structural components, making this an attractive opportunity for investors
seeking stable, long-term income backed by a nationally recognized credit
tenant.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,029 SF
Building Class
B
Year Built
1968
Price
$3,900,000
Price Per SF
$278.00
Cap Rate
7.44%
NOI
$290,056
Tenancy
Single
Building Height
1 Story
Building FAR
0.89
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
50
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $152,889 | |
| Land Assessment | $78,030 | Total Assessment | $230,919 |
Property Taxes
Parcel Numbers
Land Assessment
$78,030
Improvements Assessment
$152,889
Total Assessment
$230,919
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6301 S Kedzie Ave
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