Chicago Retail for Sale - South Chicago

GSA Leased Property. Initial 10 year Lease with 8 yrs remaining. GSA occupies 8,776sf (67.8%) of the +/-12,901sf one story building. GSA is a relocation from a few blocks away to a more modern facility. The GSA portion is a Social Security Office that has been in the area for over 20 yrs. They have invested nearly one million dollars in the buildout in this location. Rent commencement date for the GSA lease was May 15, 2023. The remaining 4,214 sf consists of 3 value added retail stores. Unit 5255 is +/-1,180sf and is currently vacant. Unit 5257 is +/- 1,575sf and is leased to a nail salon on a mo/mo basis with a gross lease. Unit 5259 is +/- 1,380sf and is leased to a convenience store with a modified gross lease. Newly remodeled building includes new roof, new HVAC systems and total modern interior renovation of the GSA leased space. An added bonus to this investment is that the annual $111, 122 Tenant Improvement allowance reinmbursed to the Landlord thru 5/31/2028 is not factored in the calculated $233,903 NOI. Estimated annual NOI thru 05/31/2028 is approximately $345,025. That increases the cap rate to approximately 10.61% thru May 2028.

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-12-04

Mount Prospect Office for Sale - Schaumburg Area

Property Subtype:

Office/Residential

Date on Market:

2025-12-04

Springfield Retail for Sale

Marcus & Millichap is pleased to present the opportunity to acquire a strong-performing Arby’s restaurant situated on 0.64 acres with a 2,800-square-foot building. Arby’s has successfully operated at this location since 1988 and reports sales in accordance with the original lease terms, maintaining a healthy 8.5% rent-to-sales ratio. The lease has four (4) years remaining, along with two additional 5-year options, each featuring 10% rent increases every five (5) years. This is an absolute triple net lease with zero landlord responsibilities. The property is an outparcel to the Capital City Shopping Center, adjacent to Panera Bread. It benefits from excellent visibility along S. Dirksen Pkwy, a primary commercial corridor, with traffic counts exceeding 12,941 vehicles per day. The area attracts a steady flow of visitors as the State Capital, drawing government workers, business travelers, and attendees of year-round events including the convention center across the street.

Property Subtype:

Fast Food

Date on Market:

2025-11-20

Chicago Multifamily for Sale - South Chicago

Triton is pleased to present 7200–02 S. Stony Island Avenue, a 24-unit multifamily investment opportunity located in the rapidly appreciating South Shore neighborhood of Chicago. This stately brick walk-up offers a highly desirable unit mix of twelve (12) spacious 2 bed / 1 bath and twelve (12) 1 bed / 1 bath apartments. The property has been meticulously maintained with significant capital improvements, blending modern upgrades with timeless vintage character. Each unit features expansive floor plans, large living rooms, generous bedroom sizes, and abundant natural light. Interior renovations include condo-quality finishes such as stainless steel appliances, in-unit laundry, updated kitchens and baths, and beautifully refinished hardwood flooring. All apartments are equipped with individual HVAC and hot water tanks, reducing owner operating costs. Building-level improvements include updated electrical and plumbing systems, a newer steel rear porch, extensive masonry and tuckpointing work, freshly painted exterior, keyless entry and intercom system installed, new wrought iron gate, security cameras, new doors throughout, and freshly updated interior hallways. South Shore continues to benefit from transformative public and private investment, including the nearby Obama Presidential Center and major infrastructure upgrades. Since ownership acquired the property, beyond the capital improvements, they have increased the gross rent amount by 23% . 7200–02 S. Stony Island offers investors the chance to acquire a stabilized, cash- flowing asset in current condition. A new owner can unlock slight rent increases and achieve an 7.42% cap rate, allowing for a significant cash-on-cash return for many years to come.

Property Subtype:

Apartment

Date on Market:

2025-11-19

Hanover Industrial for Sale

SVN Chicago Commercial is pleased to present 101 N Washington Street, Hanover, IL 61041. This 109,380 SF, 4-story industrial warehouse is positioned on 30 acres of land along the beautiful Apple River, which borders the states of Wisconsin and Iowa. Situated in the vibrant town of Hanover, IL, this prime commercial location offers investors a coveted opportunity. Nestled in a picturesque setting, the area boasts a charming mix of local businesses, restaurants, and scenic parks. The property is within close proximity to renowned landmarks such as Apple River Canyon State Park, a popular destination for outdoor recreation, and the popular historic town of Galena, showcasing architectural treasures. With its inviting small-town atmosphere and easy access to amenities, the area attracts both visitors and professionals alike, making it an ideal choice for an office or office building investment opportunity.

Property Subtype:

Warehouse

Date on Market:

2025-07-22

Jacksonville Hospitality for Sale

Villa DeWolf – Historic Italianate Estate | 876 W State Street, Jacksonville, IL 62650 Step into history with Villa DeWolf, a masterfully restored 1857 Italianate mansion located in the heart of Jacksonville, Illinois. With over 7,100 square feet of refined living and hospitality space, this iconic property blends architectural grandeur, modern systems, and strong investment potential. This stately estate features seven en-suite suites, ten fireplaces, and a sweeping grand foyer anchored by a suspended staircase and ornate millwork. Originally built as a private residence and later operated as Villa DeWolf Bed & Breakfast, the property has hosted guests from around the world. Each room tells its own story, adorned with intricate detail - from the rare “Monuments of Paris, 1820” wallpaper to the timeless brick façade and manicured 1-acre grounds. Investment Opportunity - Villa DeWolf offers multiple pathways for income and appreciation, making it ideal for investors seeking a 1031 Exchange property, value-add hospitality asset, or unique portfolio acquisition. 1031 Exchange Eligible: Because the property has been operated as a Bed & Breakfast, producing consistent annual revenue, it fully qualifies as an income-producing asset under IRS 1031 Exchange guidelines. Buyers looking to defer capital gains through the acquisition of a like-kind property can do so while investing in a historic, income-generating estate. High-Vacancy Value-Add Potential: The property is currently underutilized, operating well below its capacity — classifying it as a high-vacancy opportunity with significant upside. With seven rentable suites, event space, and grounds suitable for weddings or retreats, there’s potential to expand operations dramatically through professional management, marketing, and partnerships with local tourism boards or universities. Bed & Breakfast or Boutique Hospitality Use: For owner-operators, Villa DeWolf presents a turnkey opportunity to revive or rebrand the existing Bed & Breakfast business. The estate’s layout supports both private living quarters and guest accommodations. Common areas such as the great hall, library, and sunroom offer multiple hosting spaces, while the updated kitchen, dining areas, and carriage house enhance operational flexibility. Property Highlights 7,104± sq. ft. of finished space on 1.08 acres 7 private suites, each with a unique layout and restored bath 10 fireplaces, original millwork, and Italianate detailing throughout Historic suspended staircase and imported wall coverings Updated systems, roof, and mechanicals for modern functionality Detached 3-car garage and carriage house with additional potential Zoned for mixed or residential use, allowing continued hospitality operations Located near Illinois College, healthcare facilities, and historic downtown Jacksonville Financial Overview: According to 2023 financials, Villa DeWolf Bed & Breakfast generated approximately $49,840 in gross revenue, with $22,206 in operating expenses, resulting in a Net Operating Income (NOI) of $27,634 At the current asking price of $989,876, this reflects an approximate cap rate of 2.8% - with clear opportunity to increase revenue through improved occupancy and diversified event offerings. Potential pro forma models show that with modest increases in bookings and utilization of the estate for weddings, corporate retreats, or weekend events, the NOI could realistically double or triple within two years under active management. Market & Location: Jacksonville, Illinois, located approximately 35 miles west of Springfield, is a vibrant small city known for its deep historical roots, universities, and cultural attractions. Its stable tourism sector, combined with proximity to major highways and regional population centers, provides a sustainable foundation for boutique hospitality ventures. The surrounding area supports consistent visitor traffic from alumni events, weddings, and business travel tied to Illinois College and nearby Memorial Health facilities. Investors can take advantage of both short-term rental platforms and traditional hospitality channels to expand reach. Operational Flexibility, Villa DeWolf can serve as: A turnkey Bed & Breakfast or boutique inn, A luxury short-term rental or corporate retreat venue, A private residence with event-hosting income, A strategic 1031 replacement property with tangible appreciation potential The property’s zoning and condition allow immediate operation under multiple investment strategies, whether owner-managed or professionally staffed. Villa DeWolf represents a rare combination of history, beauty, and financial potential. With its proven income track record, high-vacancy repositioning opportunity, and eligibility for 1031 Exchange acquisition, it offers exceptional upside for discerning investors and hospitality entrepreneurs. Whether reimagined as a boutique inn, luxury retreat, or landmark residence, Villa DeWolf stands ready for its next chapter — an opportunity to own a piece of Illinois history that also performs as a modern investment.

Property Subtype:

Bed and Breakfast

Date on Market:

2025-10-29

Harrisburg Retail for Sale

CBRE is pleased to present KFC for sale located at 514 S Commercial St in Harrisburg, IL. This “Flagship” KFC property includes a 7,101 SF building on a 1.39 ACRE parcel and benefits from being situated on the signalized hard corner of Commercial Street and Sloan Street which sees over 22,000 vehicles per day. The tenant has shown incredible commitment to the location and market by signing a brand new 20-year lease in October 2024. This is an elite performing KFC and among the top 5% locations nationwide. The property underwent a significant remodel in 2018, with another renovation scheduled for 2028, further demonstrating the tenant’s dedication to the site. The Lease is backed by Tasty Restaurant Group (TRG), which operates 470+ restaurants across 22 states. The Absolute NNN Lease calls for zero landlord responsibilities whatsoever and contains 1.5% rental increases annually with 4-Five Year Options, providing a strong hedge against inflation. The asset is situated in the town’s main retail corridor and adjacent to a Walmart Supercenter that sees over 2 million annual visitors.

Property Subtype:

Fast Food

Date on Market:

2025-10-20

Benton Retail for Sale

CBRE is pleased to present an elite-performing, dual-tenant, KFC & Taco Bell for sale located at 634 West Main Street in Benton, Illinois. The property includes a 4,494 SF building on a 0.74 ACRE parcel and benefits from being situated just off Interstate 57 and on Main Street which sees a combined 55,000 vehicles per day. The tenant has shown incredible commitment to the location and market by signing a brand new 20-year lease in October 2024. The property underwent a significant remodel in 2018, with another renovation scheduled for 2028, further demonstrating the tenant’s dedication to the site. The Lease is backed by Tasty Restaurant Group (TRG), which operates 470+ restaurants across 22 states. The Absolute NNN Lease calls for zero landlord responsibilities whatsoever and contains 1.5% rental increases annually with 4-Five Year Options, providing a strong hedge against inflation. The asset is situated in the town’s main retail corridor and just down the street from a Walmart Supercenter which sees over 2 million visitors per year.

Date on Market:

2025-10-20

Shiloh Land for Sale - Illinois

Outstanding Commercial Development Opportunity! 9.57+/- acres located at the signalized corner of N. Green Mount Rd. & Lebanon Ave in Shiloh, IL. Zoned General Business (B-4) with approx. 925’ of frontage on Green Mount and 482’ on Lebanon. Excellent visibility with high traffic counts—over 27,000 vehicles daily. Just 2 miles from I-64 (Exit 16) and minutes from Scott AFB. Surrounded by retail, healthcare, and residential growth. Ideal for retail, gas station, medical, or mixed-use development. Sale Price: $1,895,000.

Property Subtype:

Commercial

Date on Market:

2025-09-22

Granite City Portfolio of properties for Sale - Illinois

Turnkey 64-Unit Multi-Family Investment Opportunity – Granite City, Illinois Berkshire Hathaway HomeServices Select Properties presents an opportunity to acquire a fully operational, income-producing multi-family portfolio in Granite City, Illinois. This property offers a diverse mix of 64 residential units, including: - One-bedroom / one-bathroom apartments – 24 Units (770 sq ft each unit) - Two-bedroom / one-bathroom apartments – 24 Units (900 sq ft each unit) - Two-bedroom / 1.5-bathroom townhomes – 16 Units (1050 sq ft each unit) - One single-family home – 1200 sq ft Property Highlights - Unit Mix Variety: Appeals to a wide tenant base, including young professionals, families, and seniors. - Turnkey Operation: Fully leased, delivering investors immediate income. - Strong Cap Rate: At an impressive 8.29% cap rate, this asset offers competitive returns in today’s market. - Parking & Access: Assigned parking for tenants plus additional visitor spaces ensure ease of use for residents and guests. -Onsite Laundry - 3 convenient coin-operated laundry facilities generating an average of $750 in additional income each month. - Security & Privacy: The community is fully enclosed with a privacy fence and secured through a gated main entry with guard shack, providing peace of mind for residents. - Community Features: Multiple courtyard spaces encourage a sense of community and provide outdoor enjoyment. Wilson Park – 2 blocks from Wilson Park a 74-acre city park that has been in operation since 1921 serving as a cornerstone for community activities. Includes Pickleball, Disc Golf, Baseball/ Softball Diamonds, Trails, Basketball Court, Ice Rink, Picnic Areas, Playgrounds, Tennis Courts, Concessions, Swimming Pool, Prairie/Songbird Site, and a 3-mile walking/running trail. Investment Value This portfolio is designed for both seasoned investors seeking immediate cash flow and those looking to expand their multi-family holdings in a growing Metro East market. Granite City’s affordability and proximity to downtown St. Louis make it an attractive rental market, with steady demand from tenants seeking accessible housing close to employment centers, interstates, and amenities. With its mix of apartments, townhomes, and a single-family residence, this property minimizes vacancy risk and maximizes rent potential across different tenant demographics. Location Benefits Granite City, IL, is 10 minutes from St. Louis, MO, 20 minutes from Lambert-St. Louis International Airport, and offers easy access to major interstates, including I-270, I-255, and I-55. The area supports a strong tenant pool with proximity to shopping, dining, parks, schools, and regional employers. Investors benefit from stable demand and favorable rental trends in this well-positioned submarket.

Property Subtype:

Mixed Types

Date on Market:

2025-09-11

Sterling Retail for Sale

Property Subtype:

Freestanding

Date on Market:

2025-08-19

Dekalb Office for Sale - Western East/West Corr

Own this awesome commercial building for less than renting! Don't miss this owner user or investment opportunity in the best location downtown Dekalb! The building is 50% occupied by an established office tenant with a new long term lease. There is approximately 1230 sf available for an owner to occupy or to put another tenant or two in place. The vacant space has historically been a dentist's office and there is still plumbing in place. The building is currently set up as two units but it can easily be set up as three to create more income potential. There is a full basement of which half has leasing potential. The other half of the basement is primarily storage and mechanicals. Utilities are separately metered for a two unit set up. Only one short block to downtown restaurants, shops and City Hall. Don't miss out. This is the chance that you have been waiting for!

Date on Market:

2025-08-05

Urbana Retail for Sale

Well located near the University of Illinois. 13+ years of rent guaranteed by Walgreens. Buyers' brokers protected. Price has been reduced!

Property Subtype:

Drug Store

Date on Market:

2025-07-07

Lisle Office for Sale - Western East/West Corr

SVN is pleased to present 2900 Ogden Avenue, a ±38,931 SF two-story Office Building on 2.67 acres in Lisle, Illinois. This investment opportunity has 6 years remaining with the current lease. SASED (The School Association for Special Education in DuPage County) is the single tenant that supports 18 member school districts in DuPage County with a AA+ credit rating from S&P. The first special education joint agreement (SASED) was established in 1957 and is one of the oldest and largest in the State of Illinois. This school and training facility has 190 parking spaces, 1 -8'x8' drive-in door, central and radiant heating/cooling, 2- 60 ton HVAC units (1 replaced in 2019), updated LED lighting, security system, new flooring, prep kitchen, improvements in 2022 to roof, sidewalk, parking lot.

Property Subtype:

Medical

Date on Market:

2025-06-25

Downers Grove Retail for Sale - Eastern East/West Corr

HMX Realty Advisors exclusively presents for sale a PNC Bank (S&P A-) ground lease located on .85 acres in one of the wealthiest communities in the Chicago MSA. The bank has high deposits exceeding $90 million, four drive through lanes and just exercised their second to last option early. The bank is a pad site to TJ Maxx, HomeGoods, Shop & Save Market, Old Navy and Best Buy. Other pad sites at the center include Panera Bread and Burger King. Kohl’s and Ross Dress for Less are across the intersection. It is located on Lemont Road which has average daily traffic of 21,000 vehicles. It is just off the corner of 75th Street which has traffic counts of 33,900 vehicles per day. It is in Downers Park Plaza which is a grocery anchored shopping center. Downers Grove offers an exceptional location within the world's 3rd largest metropolitan area, the Chicago MSA (9.5 million population), boasting a diversified economy with a $561 billion annual gross regional product and over 400 major corporate headquarters. This highly accessible community provides Convenient Chicago Access with a 25-minute train ride to downtown Chicago. The property is near Naperville, consistently ranked among the wealthiest, safest, and most educated cities in the Midwest and nation.

Property Subtype:

Bank

Date on Market:

2025-06-23

Chesterfield Specialty for Sale - Macoupin County

ATTENTION Savvy Investors or those looking to leave the big city life! Welcome to Wild Pickins Vineyards–Your Ideal Private Event Center: Discover the perfect venue for all your special occasions! Nestled on over 8+ picturesque acres, this thriving property is designed to accommodate large indoor & outdoor events, Banquet Hall, making it an exceptional choice for weddings, birthday parties, bridal & baby showers, corporate meetings+. This incredible property offers endless possibilities for hosting unforgettable events in a private & enchanting setting. Continue the successful operation or create your own unique experience. The vineyard adds charm to any event along w/ gazebos and a lot out outdoor seating overlooking a 3.5 acre pond. Fully equipped kitchen & large bar ensures your guests enjoy delicious meals & drinks tailored to your event. Elevate the experience w/ the irresistible charm of a fully operational, woodfired pizza oven! Banquet tables/chairs/dinnerware, Sound System, Bandstand & Dancefloor, offers captivating backdrop for live bands & DJs. Picture your guests dancing under the stars! Location: Wild Pickins Winery has been developed from the ground up. Wait there is more, you can have a PRIVATE REDSIDENCE on 13 acres more or less with 40 x 60 pole building to include a 3.5 acre lake for $600,000, Additional 35 acres more or less and includes timber and CRP land at $6000, per acre. Plenty of acreage for expansion. Will sell the private residence and additional acreage separately or as a package, as needed. Property includes both 23-000-266-00 and 23-000-266-02 parcels totaling over 59 acres. Location: Hwy/Interstate Frntg, Rural

Property Subtype:

Winery/Vineyard

Date on Market:

2025-05-28

Lake Bluff Land for Sale - Central North

Value Is In The Land For Redevelopment. Consists Of 8 Skokie Valley Road Office Building, The Sunset Motel Located At 511 Rockland Road And One Single Family Home Located At 11 Shagbark Road. Is Being Sold Separately or with other two listing . Sunset Motel Is Currently Open And Operating. Office Building At 8 Skokie BLVD Has A Few Month To Month Tenants In Place. SFH At 11 Shagbark Is Rented With A Month To Month Lease In Place. Rare North Shore Commercial Redevelopment Land Acquisition Opportunity Available In Lake Bluff, IL. Major Market Areas Include Lake Bluff, Lake Forest, Green Oaks And Libertyville, IL. General Commercial And Residential Zoning Currently In Place. Located In Unincorporated Lake Bluff - Current Lake County Zoning. Buyer Could Voluntarily Annex Into The Village Of Lake Bluff - Lake Bluff Willing To Offer Financial Incentives! Recent Developments Include New Target & Chase Bank Plus Retail Strip Malls Directly Across The Street On Route 176 (Rockland Road).v Thriving Commercial Corridor Serving Lake Bluff & Lake Forest Residents Plus Large Daytime Employment From Abbott Labs And Many Surrounding Businesses. Value Is In The Land! This Offering could be part of a larger Eight-Parcel Assembly Of Contiguous Properties That Total 2.75 Acres Of Commercial And Residential Land. Possible Rezoning Of All Parcels To Be Either Commercial Or Residential. Future Use For New Retail, Medical, Multi-Family, Drive-Thru Etc. Contact John Josephitis For Full Offering Memorandum And Complete Details On The Overall Development Opportunity.

Property Subtype:

Commercial

Date on Market:

2025-05-21

Thomson Retail for Sale

Property Subtype:

Storefront

Date on Market:

2025-04-28

Chicago Retail for Sale - South Chicago

We are pleased to present an exceptional investment opportunity—a newly constructed Starbucks property completed in 2022, featuring a secure 10-year lease with Starbucks Corporation (NASDAQ: SBUX S&P: BBB+). This property is strategically positioned as a pad site to Jewel-Osco Grocery Store, ensuring strong consumer traffic and visibility. Situated at highly visible and heavily traveled corner of S. Ashland Ave. and W. 95th Street. The surrounding area is home to a variety of well-established retailers, including McDonald's, Taco Bell, Burger King, Walgreens, BMO Bank, Dollar Tree, and Dunkin' Donuts, Subway and more, making this location highly desirable for continued foot traffic and long-term growth. The asset is backed by a stable NN lease structure, offering minimal landlord responsibilities and ease of management. With over (7) seven years remaining on the lease term, the investment benefits from (4), 5-year extension options, providing long-term stability. Additionally, rent increases of 10% every 5 years ensure steady income growth throughout the lease duration. For more information or inquiries, please contact Michael Murphy or Christopher Mauriello.

Property Subtype:

Storefront

Date on Market:

2025-04-18

Chicago Land for Sale - South Chicago

Presented by the Midwest Investment Advisors team with KW Commercial and Keller Williams ONEChicago. Located in the thriving neighborhood of Bronzeville, Chicago, this land parcel portfolios offers a prime opportunity to invest in an area poised for development. With significant cultural value and a rapidly growing economic landscape, Bronzeville is attracting attention from developers, businesses, and investors alike. This land portfolio includes 2 parcels, all strategically located to capitalize on the neighborhood's ongoing revitalization and increasing demand for both residential and commercial developments. The land parcels in this portfolio range in size and zoning, offering flexibility for various development possibilities. These include: 556 E 47th St. | 14,980 SF | Zoned B3-2. | APN - 20-03-424-025-0000 4644 S Saint Lawrence | 6,020 SF | Zoned B3-2. | APN - 20-03-424-017-0000 Total | 21,000 SF | Zoned B3-2. | Purchase Price - $1,155,000 Bronzeville Neighborhood Development Bronzeville has become a key area for urban development in Chicago, benefiting from several major projects. The Bronzeville Lakefront Project is one of the largest undertakings in the area, transforming the former Michael Reese Hospital site into a mixed-use development that includes residential units, retail, and office spaces. Additionally, the Artis Senior Living Center and Boxville Marketplace continue to shape the neighborhood’s identity, bringing commercial activity and community-focused ventures to the area. Positive Economic Indicators Bronzeville’s economic outlook is highly favorable for investors: Rising Property Values: The neighborhood has seen significant appreciation in property values, fueled by development projects and increasing demand. Job Growth: Employment opportunities, particularly in healthcare, education, and technology, are expanding, contributing to the neighborhood's economic vitality. Transportation Access: Bronzeville boasts excellent public transportation options, making it a convenient location for both residents and businesses. Overall, this land parcel represents a strong investment opportunity in a neighborhood that combines historical significance with modern economic growth. With competitive pricing and a variety of development possibilities, these land parcels are well-positioned to benefit from the ongoing transformation of Bronzeville.

Property Subtype:

Commercial

Date on Market:

2025-03-30

Cicero Multifamily for Sale - Cicero/Berwyn Area

The Proano Commercial Group is pleased to present a compelling investment opportunity at 5701 W. Roosevelt Road in Cicero, Illinois. This turnkey 18-unit mixed-use property features two commercial storefronts and sixteen residential apartments, including a mix of studios, one-bedroom, and two-bedroom units. The building is 90% renovated, enjoys high occupancy, and is efficiently operated with separate utilities and individual furnaces. Situated just one mile from I-290 and approximately nine miles from downtown Chicago, the asset sits on a prime corner lot and includes an adjacent vacant parcel, offering a unique opportunity for future development or additional income streams. Located just one mile from I-290 and approximately 9 miles southwest of downtown Chicago, this prime corner site sits at the intersection of Roosevelt Road and 57th Avenue in Cicero. The property fronts Roosevelt Road, a major two-lane east/west thoroughfare, with a public alley to the south. The immediate area features a diverse mix of commercial and mixed-use buildings, apartment complexes, and single-family homes—particularly along 57th Avenue. Cicero itself is a predominantly residential suburb with commercial corridors and scattered industrial areas, bordered by North and South Lawndale to the east, Oak Park and Austin to the north, Berwyn to the west, and Stickney to the south. This is a rare opportunity to acquire a stabilized asset in a vibrant, well-connected urban-suburban setting with strong surrounding infrastructure. Highlights: Prime Location – Corner site at Roosevelt Rd. & 57th Ave., 1 mile to I-290, 9 miles to downtown. Strong Market – Surrounded by residential, commercial, and mixed-use properties. Mixed-Use – 18 units: 2 retail + 16 residential (6 studios, 6 one-beds, 4 two-beds). Solid Build – 3-story masonry, 15,547 sq. ft. Updated Units – 90% of residential units renovated. Reliable Income – Long-term retail tenants, high residential occupancy. Efficient Ops – Separate utilities and individual furnaces. Expansion Potential – Includes adjacent vacant lot. Turnkey Asset –Cash-flowing, low maintenance, strong upside. Capital Improvements: 2024: -Two new hot water heaters installed -Complete remodel of both commercial unit bathrooms 2023: - Roof replaced over 5701 section - Plumbing upgraded (50% copper / 50% galvanized) - Lintels replaced - Tuck-pointing completed 2019: - All furnaces replaced (converted from radiator heating system) 2017: - Windows replaced throughout 2014-Present: - Interior renovations completed on most residential units to support market rent growth

Property Subtype:

Apartment

Date on Market:

2025-03-24

Bensenville Retail for Sale - O'Hare

HMX Realty Advisors exclusively presents for sale a rare opportunity to acquire a property featuring a restructured absolute triple net lease with CVS, an investment-grade tenant (NYSE: CVS), further enhanced by a sublease with AutoZone, a leading auto parts retailer. This structure offers an exceptionally secure and predictable income stream for the next 17 years, mitigating typical retail investment risks. CVS entered a new 20-year lease in 2022 in exchange for a significant rent reduction. Key Advantages: Investment-Grade Security: While the property is currently occupied by AutoZone, the primary lease obligation rests with CVS, a Fortune 500 company. This provides a substantial layer of financial security, as CVS remains contractually bound to the lease, regardless of AutoZone's occupancy. This eliminates the risk of vacancy or tenant turnover typically associated with single-tenant properties. Think of it as having the stability of CVS as your tenant, even with the benefit of AutoZone's daily operations. De-risked Retail Investment: Unlike traditional retail investments, where tenant closures are a concern, this property has already navigated that potential challenge. CVS strategically subleased the location to AutoZone after getting a significant rent reduction and more lease term. This proactive approach by CVS effectively de-risks the investment for you. Strong Location & Market: The property is situated in a high-traffic area in Bensenville, near O'Hare International Airport, and benefits from the strong retail presence of nearby Walgreens. This prime location contributes to the success of AutoZone and reinforces the long-term value of the real estate. Attractive Entry Point: The current rental rate of $194,450 per year reflects a strategic rent reduction negotiated by CVS in conjunction with their 20-year lease extension. This creates an attractive entry point for investors seeking a stable, long-term return with no management responsibilities whatsoever. Unique Investment Narrative: This property offers a compelling narrative – a secure, long-term lease with an investment-grade tenant, enhanced by a successful sublease to a well-established retailer. This unique structure allows for a lower cap rate justification, reflecting the reduced risk profile compared to typical retail investments. The property is very close to O’Hare International Airport in Chicago, one of the busiest airports in the United States. There are many shipping and warehousing uses nearby which service the airport and give this area a significant daytime population. Retailers in the immediate area include PB, Popeye’s, Dunkin Donuts, Speedway, UPS, Burger King, Shell, Walgreens and McDonald’s.

Property Subtype:

Freestanding

Date on Market:

2025-02-26

Chicago Industrial for Sale - Northwest City

Perfect 1031 or armchair investment opportunity. Building is occupied by long term tenant, Chicago School of Woodworking for 10 years. They have been in business for almost 20 years and they just extended the lease until 2030. The roof was completely torn off and replaced in 2021 and a new heating system was installed in 2023. 14,000 sq.ft. single story Industrial Building includes 1,600 sf office. New shop windows, new interior paint, and A/C in office. 12' ceiling height, 800 amp/3 phase power. 1 interior recessed dock (12'w x 14'h) with levelator. NOI $90,127.00 Blocks from I-90 and minutes from O'Hare International Airport.

Property Subtype:

Manufacturing

Date on Market:

2025-02-18

Chicago Office for Sale - West Loop

565 W. Randolph St offers investors a unique opportunity to acquire a prime asset in Chicago’s West Loop, a neighborhood celebrated for its dynamic blend of commercial and residential growth. This ±59,981 SF Class C office building, constructed in 1872, combines historical charm with modern functionality, featuring both a passenger elevator and a freight elevator. This asset provides immediate stable cash flow along with significant value-add potential through a strategic conversion plan. The property is currently 98% occupied, with nine tenants, including ground-floor anchors Proxi and Sepia—two Michelin-starred dining establishments that recently renewed their leases for another five years with additional renewal options. This established retail presence ensures strong income stability for investors. Key Conversion Opportunity: Office to Multifamily Apartments This asset presents a compelling opportunity for an office-to-residential conversion, allowing investors to capitalize on the increasing demand for multifamily units in the West Loop. The property offers a phased approach to conversion: 43,624 SF (72.8% of the building) can become available by the end of December 2024, providing the majority of the building for potential apartment conversion immediately after acquisition. An additional 1,642 SF (2.7% of the building) will become available between March and November 2026 as leases expire, offering further flexibility for phased redevelopment. The final 5,550 SF (9.2% of the building) will become available between January and April 2029 upon lease expirations, enabling investors to continue generating income from office leases while gradually converting spaces to residential use. Strategic Investment Potential This asset allows for a phased redevelopment strategy, maximizing cash flow while taking advantage of conversion opportunities as leases roll over. The property's prime location offers proximity to top-tier transportation, shopping, dining, and green spaces, making it highly attractive to prospective residential tenants. By converting the office floors to apartments, investors can tap into the strong rental market in the West Loop, while still benefiting from the stable income of long-term retail tenants. With strategic upgrades and a phased conversion plan, investors can elevate rental rates, attract premium residential tenants, and significantly enhance the property's value. The unique combination of historical architecture, Michelin-starred retail tenants, and conversion flexibility positions 565 W. Randolph St as a standout investment in one of Chicago’s most sought-after neighborhoods.

Property Subtype:

Loft/Creative Space

Date on Market:

2024-12-23