650 West 63rd Street, Chicago, IL, United States
$5,039,370 6.35% Cap 15,120 sq ft Built 2007 Representative Photo Print This Page


650 West 63rd Street, Chicago, IL, United States

Price: $5,039,370
CAP: 6.35%
NOI: $320,000
Building Size: 15,120
Lot Size: 0.9920 AC
Options: Eleven, 5 Year
Increases: Rent is flat

100% Fee Simple InterestLocated on a Major Commercial ThoroughfareLong Term Net LeaseS&P Rated BBB

This offering is for the 100% fee simple interest in the land and building. The property is leased to Walgreens under a double-net lease. The subject property is situated at a signalized hard corner with excellent visibility and ingress/egress on both West 63rd Street and South Halsted Street. Built in 2007, it is a Class A quality construction with adequate on site parking. The site is conveniently located near major national retailers including Whole Foods, Starbucks, and Chipotle.

Chicago is the largest city in Illinois, and the third most populous city in the United States, with over 2.8 million people living within city limits. Its metropolitan area, commonly named “Chicagoland”, is the 26th largest metropolitan area in the world, home to an estimated 9.7 million people spread across the states of Wisconsin, Illinois, and Indiana. The city of Chicago and most of its surrounding suburbs are located in Cook County, with the exception of the southwestern sector of O’Hare International Airport, which is located in DuPage County.

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