6418 N Sheridan Rd - The Concord at Sheridan Local commercial | 2 663 m² | 12 596 150 € | À vendre | Chicago, IL 60626

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.

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).