Auction - REIT Sale | Fmr Advance Auto Parts 6714 S Western Ave 6,872 SF Retail Building Chicago, IL 60636 $50,000 ($7.28/SF)

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 6714 S Western Avenue, Chicago, Cook County, Illinois 60636 (the “Property”). Formerly occupied by Advance Auto Parts, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible and strategically positioned asset at a significant discount. FIRST BID MEETS RESERVE!
Built in 2005, the Property consists of a ±6,872-square-foot, single-story free-standing retail building situated on ±24,597 square feet (±0.565 acres) with an asphalt surface parking lot with 25 spaces. The site is strategically positioned with ±225 feet of frontage along S Western Avenue which sees approximately ±21,889 vehicles per day (VPD), ensuring visibility and accessibility. Previously leased to Advance Auto Parts on a triple-net (NNN) basis, the Property presents a value-add opportunity through lease-up at long-term market rents, with CoStar estimating retail rental rates in the range of $17-21/SF Retail. Zoned B1-3, Neighborhood Shopping District, the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.
The Marquette Park neighborhood on Chicago’s Southwest Side is a residential and emerging commercial area anchored by one of the city’s largest green spaces, Marquette Park, which attracts local activity and provides community amenity value. Located roughly 12 miles from the Loop, the neighborhood benefits from regional connectivity via the CTA Green Line, Metra, and major arterials like Western Avenue and 63rd Street, supporting both resident access and consumer traffic. The Property benefits from frontage along S Western Ave (±21,889 VPD) near the signalized intersection with W Marquette Road (±14,685 VPD) within a dense and established commercial area. Retail activity is further supported by strong nearby national and local retailers including McDonald’s, Church’s Chicken, White Castle, Wingstop, Popeyes, and more. The Property is positioned within a dense trade area, serving ±675,687 residents with an average household income of $67,481 within a 5-mile radius.