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6418 N Sheridan Rd
Chicago, IL 60626 Rogers Park

$14,500,000 USD

Apartments Condo For Sale  •  28,669 SF

Property Details

  • Property Type Apartments
  • Total Building Size 138,403 SF
  • Lot Size 0.92 AC
  • Building Class A
  • Year Built 2019
  • Zoning PD-1372
74 Transit Score
94 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit Retail Retail 28,669 SF $14,500,000 USD
  • Unit Size: 28,669 SF
  • Condo Use: Retail
  • Price: $14,500,000 USD
  • Sale Type: Investment
  • Price/SF: $505.77 USD
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).

Highlights

6422 N Sheridan Road is a 28,669-square-foot, street-level retail component to a larger mixed-use commercial and residential building.
Benefit from the property's strategic location near Loyola University campus, and long-term, high-grossing national retailer tenants.
Occupied by a high-traffic Target, along with a new Wintrust Bank branch and an available storefront retail suite.
Conveniently located along Sheridan Road, a heavily traversed commercial corridor with immense foot traffic and over 46,000 daily drivers.
Features an easily accessible below-grade parking component with 59 retail car parking stalls and excellent signage.

Property Flyers

Amenities

  • Air Conditioning
  • Business Center
  • Controlled Access
  • Fitness Center
  • Washer/Dryer
  • Heating
  • Pet Play Area
  • Smoke Free
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Freezer

Public Transportation

Commuter RailDriveWalkDistance
Peterson/Ridge (Union Pacific North - Metra) 4 min - 1.6 mi
Rogers Park Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 6 min - 1.9 mi
Transit/SubwayDriveWalkDistance
Loyola Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 3 min 0.2 mi
Granville Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 8 min 0.4 mi
Thorndale Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 13 min 0.7 mi
Morse Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 18 min 0.9 mi
AirportDriveWalkDistance
Chicago O'Hare International 27 min - 14.6 mi
Chicago Midway International 31 min - 21.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Covered
Included in Rent: Yes
Rick Levin 312-656-2025 Rick Levin & Associates, Inc.
Rick Levin 312-656-2025 Rick Levin & Associates, Inc.