7606 W Touhy Ave, Chicago, IL 60631

Transwestern Commercial Services, a full service commercial real estate firm, as exclusive broker, is pleased to offer for sale the single tenant Caliber Collision (“Property” or “The Property”) located in Chicago, Illinois.

The Property is located in the Edison Park neighborhood of Chicago at 7606 W Touhy Ave, Chicago, Illinois. It offers an investor a terrific opportunity to own a retail asset situated in an infill, high-density, high traffic, retail sub-market, at a location with a long operating history and minimal landlord responsibilities.

The Property consists of 0.76 acres of land and 8,900 square feet of building built in 1960 and remodeled in 1995 and later in 2000.

The Property benefits from being located on heavily traveled Touhy Avenue (19,700 vehicles per day), a major east-west thoroughfare that travels through and connects many of the immediate northern suburbs of Chicago. The area is extremely infill and affluent with over 166,105 people in a three-mile radius boasting average household incomes above $144,000.

The immediate trade area is surrounded by single-family homes and is located just east of downtown Park Ridge which is an area that contains new multi-family apartments and major retail tenants including Whole Foods, Starbucks, Trader Joe’s, Jersey Mike’s Subs, City Barbeque, Anywhere Fitness and many others.

The Property is in the O’Hare Retail Submarket with a total inventory of 12.9 million SF of retail space and a low vacancy factor of 4.2%. There is almost no new construction of retail space in this submarket. The average sub-market asking rent is $20.60 PSF Net.