Your email has been sent.
6418 N Sheridan Rd - The Concord at Sheridan 28,669 SF Retail Condo Unit Offered at $14,500,000 in Chicago, IL 60626
INVESTMENT HIGHLIGHTS
- 6422 N Sheridan Road is a 28,669-square-foot, street-level retail component to a larger mixed-use commercial and residential building.
- Occupied by a high-traffic Target, along with a new Wintrust Bank branch and an available storefront retail suite.
- Features an easily accessible below-grade parking component with 59 retail car parking stalls and excellent signage.
- Benefit from the property's strategic location near Loyola University campus, and long-term, high-grossing national retailer tenants.
- Conveniently located along Sheridan Road, a heavily traversed commercial corridor with immense foot traffic and over 46,000 daily drivers.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Freezer
SITE AMENITIES
- Business Center
- Controlled Access
- Fitness Center
- Pet Play Area
- Smoke Free
1 UNIT AVAILABLE
Unit Retail
| Unit Size | 28,669 SF | Condo Use | Retail |
| Price | $14,500,000 | Sale Type | Investment |
| Price Per SF | $505.77 | No. Parking Spaces | 59 |
| Unit Size | 28,669 SF |
| Price | $14,500,000 |
| Price Per SF | $505.77 |
| Condo Use | Retail |
| Sale Type | Investment |
| No. Parking Spaces | 59 |
DESCRIPTION
28,669 square feet of commercial space located on the ground level of The Concord at Sheridan, a 111-unit Multifamily property. Below-grade parking component with 59 retail parking stalls.
SALE NOTES
6422 N Sheridan Road offers the opportunity to acquire a superior retail investment in a densely populated area of northern Chicago. This well-trafficked property was built in 2019 and is primarily occupied by Target, a new Wintrust Bank branch, and an actively marketed third retail space. The property comprises 28,669 square feet of commercial space and a below-grade parking component with 59 retail parking stalls. Investors will benefit from the property's strategic location, high-grossing long-term tenants, and value-add opportunities. Gross scheduled income is approaching $1.5 million annually, while the net income will soon be just under $1 million annually.
Ideally located across from the Loyola University campus at the intersection of North Sheridan Road and West Devon Avenue, the property serves as a focal point for the community, providing a go-to shopping destination for students and residents for groceries and other necessities. Sheridan Road is one of the city's major thoroughfares, allowing for easy travel within and outside of town and convenience to neighborhood amenities. 6422 N Sheridan Road has excellent exposure to approximately 46,000 daily vehicle traffic and heavy pedestrian use. Further benefitting from a prime Chicago location and prominent visibility, 6422 N Sheridan Road is within walking distance of the L train's Loyola Station (Red Line).
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 64 | - | 520 - 694 |
| 2+2 | 47 | - | 1,036 - 1,049 |
Presented by
6418 N Sheridan Rd - The Concord at Sheridan
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.