6943 N Western

For Sale

6943 North Western Avenue, Chicago, IL 60645

This Chicago property for sale is located at 6943 North Western Avenue. The current listed sale price for 6943 N Western is $1,800,000. 6943 N Western is situated on a lot that is 9,975 acre in size.

Contacts

broker
Anthony Hardy

Keller Williams ONEChicago

broker
Travis Montgomery

Keller Williams ONEChicago

broker
Kelly Rich

Keller Williams ONEChicago

broker
Ariana Abercrumbie

Keller Williams ONEChicago

Property Details

  • Property Type Other
  • Units 0
  • Lot Size 9,975 Acre
  • Additional Rent Contact for pricing
  • Date Updated Dec 20, 2024

KW Commercial is excited to offer the unique redevelopment opportunity located at 6943 N. Western Ave. in Chicago's vibrant West District neighborhood. This property spans 9,975 square feet and is zoned C1-2, providing various commercial development possibilities.

Property Details:

Location: 6943 N. Western Ave. is situated in a bustling commercial corridor, offering great visibility and accessibility. The surrounding neighborhood is a blend of residential and commercial spaces, ensuring a steady flow of potential clients and customers.

Zoning: The C1-2 zoning allows for a diverse range of potential business uses, making the site versatile for various development visions.

Land Area: The property has 9,975 square feet of prime land, offering ample space for creative redevelopment projects.

Cell Tower Lease:

Lease Terms: The cell tower lease, located on the southeast portion of the property, provides a reliable revenue stream. It began in January 1997 and was renewed in May 2015 for 28 years. As of June 2023, the lease has 20 years remaining, ensuring a stable and long-term source of income.

Current Rent: The current annual rent is $39,675. According to the lease terms, the rent is upgraded every five years, with the next increase scheduled for June 2028. At that point, the rent will increase to $45,626 per year, providing a consistent and growing income for the new owner.

Investment Opportunity:

Land Purchase Price: The property is available for a competitive price of $900,000, offering significant potential for a high return on investment through strategic redevelopment.

Cell Tower Lease Purchase Price: The cell tower lease can be acquired separately for an additional $900,000. This allows investors to secure an immediate revenue stream with predictable increases in the future.

Overall, 6943 N. Western Ave. is a prime investment opportunity for savvy developers and investors. It offers versatility, a strategic location, and a consistent source of revenue through the existing cell tower lease.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 83/100

    Walk Score ®

  • 52/100

    Transit Score ®

  • 70/100

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Location

  • City Chicago, IL
  • Neighborhood West Rogers Park
  • Zip Code 60645
  • Market Chicago

Points of Interest

  • Rogers Park

    0.75 miles

  • Howard

    1.18 miles

  • Jarvis

    1.21 miles

  • South Boulevard

    1.49 miles

  • Granville

    1.82 miles

  • Main

    1.85 miles

  • Damen

    2.90 miles

  • Oakton-Skokie

    3.26 miles

  • Montrose

    3.27 miles

  • Noyes

    3.54 miles

  • Mobil

    0.16 miles

  • Marathon

    0.29 miles

  • Amoco

    0.88 miles

  • Shell

    0.88 miles

  • BP

    0.97 miles

  • Blink

    2.70 miles

  • Tesla Supercharger

    3.78 miles

  • eVgo

    4.45 miles

  • Volta Charging Station

    4.75 miles

  • ChargePoint

    5.51 miles

  • Park Plaza Parking Lot

    0.87 miles

  • Howard Park & Ride

    1.14 miles

  • 7331 N Sheridan Self-Park

    1.41 miles

  • Public Parking

    1.57 miles

  • Budget Rental Parking Lot

    1.67 miles

  • Loyola Parking Structure

    1.70 miles

  • Evanston Lot 39

    1.74 miles

  • Parking Lot 42

    1.80 miles

  • Evanston Lot 24

    1.89 miles

  • Swedish Covenant Hospital

    2.34 miles

  • Super 8 by Wyndham Chicago

    1.37 miles

  • Heart O' Chicago Motel

    1.49 miles

  • Hampton Inn Chicago North-Loyola Station

    1.51 miles

  • Rodeway Inn

    1.52 miles

  • Rio Motel

    1.52 miles

  • River Park Motel & Suites

    1.52 miles

  • The Flats at Loyola Station

    1.53 miles

  • North Park Inn

    1.59 miles

  • O-Mi Motel

    1.68 miles

  • Guest House Motel

    1.69 miles

  • Cermak Fresh Market

    0.63 miles

  • Par-Birdie Foods

    0.69 miles

  • Rahmat Grocery and Zabiha Halal Meat

    0.71 miles

  • Patel Brothers

    0.72 miles

  • Fresh Farms International Market

    0.73 miles

  • Ross

    0.79 miles

  • Wild Onion Market

    0.84 miles

  • Supermercado Chapala

    0.86 miles

  • Jewel-Osco

    1.03 miles

  • ALDI

    1.05 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.

Contact 6943 N Western