Contacts

Brad Belden

Colliers

Property Details

Property Type Retail - Strip
Property Size 13,778 SF
Units 8
Lot Size 1.52 Acre
Additional Rent Contact for pricing
Parking Spaces Avail. 41
Parking Ratio 3.00 / 1,000 SF
Property Tenancy Multi-Tenant
Year Built 2005
Date Updated Oct 21, 2024

Discover an exciting investment opportunity on the bustling stretch of 6516-6532 W. North Avenue, Chicago IL. This prime location offers a vibrant retail environment with a mix of national retailers, local businesses, and high foot traffic. Situated in a densely populated area, the property benefits from a strong consumer base and excellent visibility. Nearby points of interest include the Galewood-Mont Clare neighborhood and the Brickyard Shopping Center, providing a dynamic retail landscape for potential investors. With its strategic positioning and diverse offerings, the area presents an attractive prospect for those seeking to capitalize on the thriving Chicago retail market.Multi-tenant retail for sale: 9% CAP rate located in North Chicago on RT64/North Avenue. Galewood Plaza II boasts a population of over 313,190 and almost 115,000 households within 3 miles. Excellent visibility with just under 32,000 VPD on 234' feet of frontage on North Avenue, and 2 story pylon signage! Galewood Plaza II sits just east of Harlem and offers easy access and services to Oak Park, River Forest, Elmwood Park and more. Area retailers offer a mix of national and local tenants including; Dunkin, Starbucks, Buona Beef, UPS, Advocate Medical, Dollar Tree, Midas, PNC, US Bank, Multiple QSRs and more.1,440 sf 2nd Generation Restaurant, 1,800 sf salon, and 1,448 sf retail space available for lease. Located just East of Harlem in the Galewood neighborhood of Chicago, this property benefits from almost 25,000 VPD and excellent visibility with frontage on North Ave. and a large 2-story pylon sign.

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Highlights

Aggressive CAP rates
100% Occupied
80% of tenants on NNN Leases
Strong mix of local and national tenants along main retail thoroughfare
Heavily traveled North Ave. sees almost 32K VPD
Highly visible site with 234' of frontage and 2-story pylon sign
Densely populated area with 313K + people within 3 miles
Easy access to Chicago and Urban/Suburban markets
Ample surface and street parking

Attachments

Chicago Galewood Plaza II OM 10.21.24.pdf (PDF) opens in new window

Getting around

83/100
Walk Score ®
50/100
Transit Score ®
65/100
Bike Score ®

Powered by Walk Score ®

City Chicago, IL
Neighborhood Elmwood Park
Zip Code 60707
Market Chicago

Points of Interest

Elmwood Park

1.70 miles
Maywood

2.94 miles
Cicero

3.40 miles
Belmont Avenue (Franklin Park)

4.19 miles
Logan Square

4.29 miles
Irving Park

4.31 miles
54th/Cermak

4.33 miles
Franklin Park

4.40 miles
Belmont

4.46 miles
Kedzie

4.61 miles

Shell

0.47 miles
Soofa Solar Phone Charger

0.50 miles
BP

0.51 miles
Citgo

1.01 miles
Mobil

1.14 miles
ChargePoint

5.46 miles
Tesla Destination Charger

5.46 miles
eVgo

5.53 miles
Tesla Supercharger

6.05 miles
EVgo

6.96 miles

Hatch School Parking Lot

0.43 miles
Concordia University Parking Garage

1.15 miles
West Suburban Hospital Parking Garage

1.37 miles
Avenue Parking Garage

1.54 miles
Holly Court Parking Garage

1.58 miles
East Parking Lot

1.70 miles
Visitors Parking

1.78 miles
Greenfield Parking Lot

1.80 miles
Parking Garage

1.80 miles
West Parking Lot

1.85 miles

Taco Burrito King

0.00 miles
Sarpino's Pizzeria

0.01 miles
Dunkin'

0.22 miles
Michael's Beef House

0.30 miles
Elbrus

0.34 miles
KFC

0.63 miles
Buona

0.69 miles
Jet's Pizza

0.86 miles
Jimmy John's

0.89 miles
Wingstop

0.90 miles

Gordon Food Service

0.96 miles
Ross

1.03 miles
Del Rancho Market

1.06 miles
dd's Discounts

1.09 miles
Farmers Best Market

1.10 miles
ALDI

1.15 miles
Jewel-Osco

1.17 miles
Marshalls

1.19 miles
Fresh Thyme

1.22 miles
Save-A-Lot

1.23 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.