Commercial Real Estate in Illinois available for sale
1031 Exchange Properties For Sale

1031 Exchange Properties for Sale in Illinois, USA

More details for 9438 S Ashland Ave, Chicago, IL - Retail for Sale

9438 S Ashland Ave

Chicago, IL 60620

  • 1031 Exchange Property
  • Retail for Sale
  • $3,412,709 CAD
  • 2,400 SF
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More details for 556 47th St, Chicago, IL - Land for Sale

Bronzeville Land Parcel Available - 556 47th St

Chicago, IL 60653

  • 1031 Exchange Property
  • Land for Sale
  • $1,577,303 CAD
  • 21,000 AC Lot

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.

Contact:

Midwest Investment Advisors

Property Subtype:

Commercial

Date on Market:

2025-03-30

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More details for 5701 W Roosevelt Rd, Cicero, IL - Multifamily for Sale

Price Improved | In Place 8.32% Cap Rate - 5701 W Roosevelt Rd

Cicero, IL 60804

  • 1031 Exchange Property
  • Multifamily for Sale
  • $2,456,768 CAD
  • 18,000 SF
  • Private Bathroom
  • Kitchen

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

Contact:

Paul Proano Properties and Businesses

Property Subtype:

Apartment

Date on Market:

2025-03-24

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More details for 700 W Irving Park Rd, Bensenville, IL - Retail for Sale

CVS/AutoZone NNN 15-yrs Plus Chicago IL - 700 W Irving Park Rd

Bensenville, IL 60106

  • 1031 Exchange Property
  • Retail for Sale
  • $5,205,782 CAD
  • 10,941 SF

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.

Contact:

HMX1031.COM - NETLEASENAVIGATOR.COM

Property Subtype:

Freestanding

Date on Market:

2025-02-26

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More details for 565 W Randolph St, Chicago, IL - Office for Sale

565 W Randolph St

Chicago, IL 60661

  • 1031 Exchange Property
  • Office for Sale
  • $15,363,338 CAD
  • 59,225 SF
  • Air Conditioning
  • 24 Hour Access
  • Controlled Access
  • Restaurant
  • Wheelchair Accessible
  • Smoke Detector

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.

Contact:

Midwest Investment Advisors

Property Subtype:

Loft/Creative Space

Date on Market:

2024-12-23

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More details for 7122 40th St, Berwyn, IL - Retail for Sale

Jewel-Osco | Stickney IL - 7122 40th St

Berwyn, IL 60402

  • 1031 Exchange Property
  • Retail for Sale
  • $15,841,789 CAD
  • 59,009 SF
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More details for 99 Quentin Rd, Lake Zurich, IL - Land for Sale

99 Quentin Rd

Lake Zurich, IL 60047

  • 1031 Exchange Property
  • Land for Sale
  • $10,165,750 CAD
  • 17.25 AC Lot

Lake Zurich Land for Sale - Central Northwest

Make millions with this prime commercial, mixed-use, or residential development opportunity in Lake Zurich. This is a previously approved opportunity to develop a vibrant mixed-use project in one of the most sought-after locations in Lake Zurich! Strategically positioned at the high-traffic intersection of Route 22 and Quentin Road, this prime corner property has been approved for a dynamic blend of commercial and residential spaces, including: o Gas station for daily convenience o Three retail spaces for high-visibility businesses o Drive-through coffee shop to capture commuter traffic o 56 luxury townhomes offering an exceptional living experience Thriving Location with Built-in Demand. Surrounded by the affluent communities of Lake Zurich, Kildeer, Hawthorn Woods, Long Grove, and Barrington, this site is expected to bring strong market demand. It sits directly across from Mariano’s grocery store, ensuring steady traffic, and benefits from high visibility along both Route 22 and Quentin Road. Residents and businesses alike will enjoy proximity to top-tier schools, including the prestigious Stevenson High School, a state-of-the-art public library, and an abundance of high-quality shopping, dining, and entertainment options. Plus, with Lake Zurich’s scenic beach just moments away, this location offers an unbeatable combination of convenience, luxury, and lifestyle. Flexible Development Potential While approved for the proposed mixed-use plan, this versatile property also presents opportunities for fully commercial or residential developments, for example: o Tech innovation hub – Ideal for an AI research & development center with a data facility o Multi-unit residential community – Cater to the demand for high-end luxurious housing in this prime suburb o Customized commercial or mixed-use project – Adapt to market trends and maximize returns Shovel-Ready & Approved – Start Building Now! All soil tests and environmental reviews are complete, and the Village of Lake Zurich has enthusiastically approved the site for development. This is a rare chance to move quickly on an exceptional investment opportunity in a high-growth market. Don’t miss out—bring your vision to life in the great Village of Lake Zurich!

Contact:

AMD Real Estate Group, Inc.

Property Subtype:

Commercial

Date on Market:

2024-08-21

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More details for 2744 N California Ave, Chicago, IL - Retail for Sale

Walgreens - (California Ave) Chicago, IL - 2744 N California Ave

Chicago, IL 60647

  • 1031 Exchange Property
  • Retail for Sale
  • $10,105,662 CAD
  • 12,515 SF
  • Car Charging Station

Chicago Retail for Sale - Northwest City

Available individually or as a portfolio, ask about our other midwest Walgreens locations. WALGREENS Walgreens, one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance has over 21,000 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 425 distribution centers delivering to more than 250,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries. CHICAGO, IL Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan, expands over a 5,000-square-mile region in northeastern Illinois and extends into Wisconsin and Indiana. The metro houses 9.5 million people and comprises 14 counties. The city of Chicago contains 2.7 million residents. The greatest growth during the past 20 years occurred in the western portion of the region and was exemplified between 2020-2021. Since then, movement back into downtown Chicago is gaining headway as employers increasingly push for hybrid work schedules, while progressing tourism levels support activity in the urban core. Illinois Broker of Record: Steven Weinstock One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 P: (630) 570-2200 Steven.Weinstock@MarcusMillichap.com Lic #: 471.011175

Contact:

NNN Investment Group of Marcus & Millichap

Property Subtype:

Drug Store

Date on Market:

2024-04-25

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More details for 3410 W Belmont Ave, Chicago, IL - Retail for Sale

Walgreens - (Belmont Ave) Chicago, IL - 3410 W Belmont Ave

Chicago, IL 60618

  • 1031 Exchange Property
  • Retail for Sale
  • $9,948,615 CAD
  • 14,490 SF
  • Air Conditioning

Chicago Retail for Sale - Northwest City

Available individually or as a portfolio, ask about our other midwest Walgreens locations. WALGREENS Walgreens, one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance has over 21,000 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 425 distribution centers delivering to more than 250,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries. CHICAGO, IL Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan, expands over a 5,000-square-mile region in northeastern Illinois and extends into Wisconsin and Indiana. The metro houses 9.5 million people and comprises 14 counties. The city of Chicago contains 2.7 million residents. The greatest growth during the past 20 years occurred in the western portion of the region and was exemplified between 2020-2021. Since then, movement back into downtown Chicago is gaining headway as employers increasingly push for hybrid work schedules, while progressing tourism levels support activity in the urban core. Illinois Broker of Record: Steven Weinstock One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 P: (630) 570-2200 Steven.Weinstock@MarcusMillichap.com Lic #: 471.011175

Contact:

NNN Investment Group of Marcus & Millichap

Property Subtype:

Drug Store

Date on Market:

2024-04-25

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More details for 123 Orchard -1, Oswego, IL - Land for Sale

123 Orchard -1

Oswego, IL 60543

  • 1031 Exchange Property
  • Land for Sale
  • $361,679 - $1,556,174 CAD
  • 0.76 - 1.33 AC Lots
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More details for Thornton's, Kildeer, IL - Retail for Sale

Brand New 20 Yr. Ground Lease- Large Parcel - Thornton's

Kildeer, IL 60074

  • 1031 Exchange Property
  • Retail for Sale
  • $10,617,773 CAD
  • 5,900 SF
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More details for 215 N Waukegan Rd, Lake Bluff, IL - Retail for Sale

215 N Waukegan Rd

Lake Bluff, IL 60044

  • 1031 Exchange Property
  • Retail for Sale
  • $1,358,802 CAD
  • 4,200 SF
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More details for 175 Corneils & Route 47, Yorkville, IL - Land for Sale

Multi Family - 175 Corneils & Route 47

Yorkville, IL 60560

  • 1031 Exchange Property
  • Land for Sale
  • $10,856,759 CAD
  • 38 AC Lot
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More details for 2301-2323 W 95th St, Chicago, IL - Retail for Sale

Windfall Plaza- Beverly - 2301-2323 W 95th St

Chicago, IL 60643

  • 1031 Exchange Property
  • Retail for Sale
  • 20,392 SF
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More details for 2948 Grand Ave, Chicago, IL - Sports & Entertainment for Sale

2948 Grand Ave

Chicago, IL 60622

  • 1031 Exchange Property
  • Sports & Entertainment for Sale
  • 35,233 SF
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More details for 460 Briargate Dr, South Elgin, IL - Office for Sale

Thornwood Professional Center - 460 Briargate Dr

South Elgin, IL 60177

  • 1031 Exchange Property
  • Office for Sale
  • $785,237 CAD
  • 2,763 SF
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More details for 4831 S Ashland Ave, Chicago, IL - Retail for Sale

4831 S Ashland Ave , Chicago, IL 60609 - 4831 S Ashland Ave

Chicago, IL 60609

  • 1031 Exchange Property
  • Retail for Sale
  • $225,329 CAD
  • 2,775 SF
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More details for 6330-6338 Hennings Ct, Morton Grove, Morton Grove, IL - Multifamily for Sale

Luxury New Multi Family Townhomes - 6330-6338 Hennings Ct, Morton Grove

Morton Grove, IL 60053

  • 1031 Exchange Property
  • Multifamily for Sale
  • $3,857,905 CAD
  • 9,480 SF
  • Air Conditioning
  • 24 Hour Access
  • Kitchen
  • Smoke Detector

Morton Grove Multifamily for Sale - Near North

Attention Investors - Exceptional NOI Opportunity! Own all 5 brand-new, luxury townhomes and secure a strong passive income stream. Strategically located near the Metra Train Station, minutes from I-94, parks, shopping, dining, and entertainment, these properties offer the perfect blend of urban convenience and suburban comfort. Construction is complete and ready to be filled with tenants by the end of September. Each unit features a modern, upscale design with no deferred maintenance, ensuring a hassle-free investment from day one. Property Highlights *Hollywood-style luxury townhomes built in 2025 with premium craftsmanship *High NOI potential - turnkey investment with brand-new construction *Striking architectural design blending cement, glass, and steel *Floor-to-ceiling windows & full-wall glass panels provide natural light and open, airy interiors Unit Features *3 bedrooms & 3 full bathrooms across a spacious 3-level floor plan *Finished first level with direct access from an attached 2-car garage - ideal for a home office, guest suite, or fitness room *Main level with open-concept kitchen, dining, and living spaces, two balconies, and an additional bedroom *Upper level with two bedrooms, laundry, and a full bath *Private master suite with luxurious en-suite bathroom *Modern kitchens featuring 42" cabinets, Dekton countertops, and stainless steel appliances Investment Advantage *Own all 5 units for a portfolio-quality investment *No maintenance or deferred issues - brand-new construction means peace of mind *Located in a highly desirable area with strong rental demand *3D tour available - experience the design and quality firsthand This is an exclusive opportunity to own a newly built, architecturally stunning property in a prime location - perfect for investors seeking consistent rental income and long-term appreciation.1

Contact:

Baird & Warner Glenview

Property Subtype:

Apartment

Date on Market:

2025-08-22

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More details for 1200 W Touhy Ave, Park Ridge, IL - Retail for Sale

Shell - 1200 W Touhy Ave

Park Ridge, IL 60068

  • 1031 Exchange Property
  • Retail for Sale
  • $1,270,036 CAD
  • 1,235 SF
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More details for Payne & Hartrey St, Evanston, IL - Land for Sale

2202 Payne Bull/Bear Opportunity - Payne & Hartrey St

Evanston, IL 60201

  • 1031 Exchange Property
  • Land for Sale
  • $1,194,926 CAD
  • 0.31 AC Lot
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More details for Investment Grade Portfolio Offering – Retail for Sale

Investment Grade Portfolio Offering

  • 1031 Exchange Property
  • Specialty for Sale
  • $539,424 CAD
  • 3,200 SF
  • 3 Specialty Properties
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