Chicago Retail for Sale - Northwest City

SRS Real Estate Partners is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased AutoZone investment property located in Chicago, Illinois. AutoZone recently executed a 15-year lease extension through August 31, 2041 with 8 (5-year) options to extend, demonstrating its long-term commitment to the site. The lease features a scheduled 10% Rental Increase in Year 10, providing built-in NOI growth and an attractive hedge against inflation. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

Property Subtype:

Auto Repair

Date on Market:

2026-07-27

Chicago Retail for Sale - South Chicago

This offering presents a rare opportunity to acquire a low price point absolute NNN ground lease providing truly passive, management-free ownership with secure in-place cash flow. The asset is leased to Wendy’s, a globally recognized quick-service restaurant brand operating more than 7,000 locations worldwide, offering a strong tenant profile and long-term stability. As a drive-thru QSR, the property benefits from one of the most sought-after sectors in the net lease market, driven by consistent consumer demand, resilient performance, and strong investor appetite. Strategically located along the heavily trafficked Western Avenue corridor in Chicago, the site offers excellent visibility and access to dense surrounding neighborhoods. The property is further supported by a highly populated trade area, with approximately 700,000 residents within a five-mile radius, providing a deep and diverse customer base that drives consistent foot traffic and long-term performance. 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

Property Subtype:

Fast Food

Date on Market:

2026-07-21

Chicago Retail for Sale - South Chicago

Network Property Management is pleased to exclusively present for sale a single tenant, net-leased Walgreens property strategically located on the southwest side of Chicago. The asset occupies the highly visible northeast corner of 63rd Street & Kedzie Avenue, a prominent hard-corner position at a fully signalized four-way intersection. The property is improved with a +/-14,029 square-foot freestanding building situated on an approximately +/-39,558 square-foot site, offering excellent frontage, access, and visibility. The intersection benefits from strong traffic volumes of approximately 33,000 vehicles per day, providing consistent consumer exposure and reinforcing the location’s long-term retail viability. Walgreens has successfully operated at this location since its original construction in 2001 and recently demonstrated its continued commitment to the site by extending its lease through January 2029. The lease structure offers a passive investment profile, with landlord responsibilities limited to roof and structural components, making this an attractive opportunity for investors seeking stable, long-term income backed by a nationally recognized credit tenant.

Property Subtype:

Freestanding

Date on Market:

2026-05-06

Burbank Retail for Sale - Near South Cook

11+ years remaining on initial lease term. Strong store. Rare opportunity to acquire a highly desirable Walgreens absolute net investment property located in the southwest Chicago suburb of Burbank. New building with modern design and a drive-thru pharmacy. Located on an incredible corner with amazing visibility and traffic, counting 50,000 + vehicles passing daily. The surrounding area is densely populated and less than three miles from Chicago's Midway International Airport.

Property Subtype:

Freestanding

Date on Market:

2026-05-05

Chicago Retail for Sale - North Branch/Goose Island

The Boulder Group is pleased to exclusively market for sale a single tenant net lease Crème de la Crème located in Chicago’s Lincoln Park neighborhood. Crème de la Crème has operated from this location since 2014 on a lease running through May 2034. The lease is absolute triple net with zero landlord responsibilities and features rental escalations every ?ve years throughout the primary term. Each escalation is equal to the lesser of 10% or the change in CPI. The lease also includes ?ve 5-year renewal options and is backed by a corporate guaranty. The property is situated in Lincoln Park, one of Chicago’s most affluent neighborhoods, with average household incomes exceeding $240,000 within one mile and over 548,000 residents within a three-mile radius. The site bene?ts from exceptional traffic exposure at the con?uence of North Clybourne Avenue, West Webster Avenue, and North Ashland Avenue, collectively carrying 44,000+ vehicles per day, and is less than one mile from Interstate 90/Kennedy Expressway, one of the region’s most heavily trafficked corridors drawing 292,000+ vehicles per day. The property is positioned on the SEC of the Elston/Clybourne retail corridor, one of Chicago’s most dominant retail nodes, anchored by Costco, The Home Depot, Menards, Target, ALDI, Best Buy, Kohl’s, Burlington, Ross, Old Navy, Michaels, and more, providing signi?cant retail synergy and a built-in consumer base. Further bolstering daytime traffic and demand generators, DePaul University sits less than one-half mile to the east, serving a campus community of 25,000 students. Further enhancing the property’s long-term growth trajectory is Foundry Park, a transformative $1+ billion mixed-use redevelopment located less than one mile south of the site along the Chicago River. Approved by the Chicago City Council in February 2026 and led by JDL Development and Kayne Anderson Real Estate, the 31-acre master-planned neighborhood will deliver up to 3,700+ residential units, 420,000 square feet of retail, 350,000 square feet of office space, a 180- to 200-key hotel, and 34 acres of public open space, with Phase One groundbreaking slated for October 2026. Upon completion, Foundry Park will introduce thousands of new residents, workers, and visitors into the immediate trade area. Crème de la Crème, Inc. (now operating as Crème School) is a premium national childcare and early learning company founded in 1982 and headquartered in Greenwood Village, Colorado. It operates high-quality childcare centers across multiple states, offering programs for infants (starting at 6 weeks), toddlers, preschool, pre-kindergarten, private kindergarten, before- and after-school care, and summer camps. As of 2026, Crème School maintains over 40 schools across 15 states with a capacity to serve over 10,000 children. In 2022, Crème de la Crème was acquired by KinderCare Learning Companies, further expanding its reach while maintaining its reputation for exceptional early education.

Property Subtype:

Day Care Center

Date on Market:

2026-04-30

Niles Retail for Sale - Near North

Prime Investment Opportunity | 6% CAP Rate | Fully Leased Retail Property in Niles Exceptional opportunity to acquire a fully leased, two-unit masonry retail building in a high-visibility, high-traffic location in Niles. Positioned prominently at the corner of Milwaukee Ave and Jonquil Terrace, this property offers strong in-place income and long-term upside. Property Highlights: • 6% CAP Rate with stable, long-term tenants • 6,000+ sq ft building on a 10,564 sq ft lot • Zoned C-3 (Commercial) – ideal for a variety of uses • Two retail units: o Unit 1: approx. 3,029 sq ft o Unit 2: approx. 2,280 sq ft • Both units are fully leased with long-term lease agreements Visibility & Location: • 123.20 ft of frontage on Milwaukee Ave • Approx. 26,200 vehicles per day (VPD) for maximum exposure • Located just north of Howard & Milwaukee intersection • Easy access to major expressways, public transportation, and retail corridors Building Features: • 12–14 ft ceilings for flexible retail layouts • Well-maintained property with strong curb appeal • ADA-compliant restrooms (men’s & women’s) • Ample signage opportunities • 200-amp electrical service • Private parking lot for ~30 vehicles plus additional street parking • Professionally landscaped exterior Future Potential: • Excellent retail build-out already in place • Potential for mixed-use or redevelopment • Possible TIF incentives available through the Village of Niles Nearby Businesses: Situated among established retailers and destinations including Kouklas Ristorante, Taco Bell, Baskin Robbins, and Lone Tree Manor Banquet Hall. Additional Details: • 3 PINs: 09252110010000, 09252110020000, 09252110030000 • Please do not disturb tenants • Showings by appointment only – contact Mayur Trivedi: 847-692-2268 For security and verification purposes, online meetings are scheduled only after a proper introduction and exchange of valid contact information.

Property Subtype:

Freestanding

Date on Market:

2026-04-28

Chicago Retail for Sale - South Chicago

CIRE Partners, in cooperation with Continental Real Estate Group, is pleased to present for sale the single tenant net lease Taco Bell in Chicago, Illinois. The property operates under a 25-year NNN ground lease with approximately 18 years remaining and four, 5-year renewal options. The investment offers qualified buyers a well-located asset in a dense urban-infill major market with a below market rent, long-term stable income and fixed rental increases. This is an ideal opportunity to acquire a management-free investment backed by a nationally recognized quick-service restaurant brand that is "best-in-class" in the Mexican food category.

Property Subtype:

Freestanding

Date on Market:

2026-04-13

Chicago Retail for Sale - South Chicago

Surmount is pleased to present the exclusive listing for a Checkers located at 6705 South Halsted Street, Chicago, IL 60621. The site consists of roughly 1,900 rentable square feet of building space on an estimated .35-acre parcel of land. Checkers is subject to a 15-year ground (NNN) lease, which commenced 04/7/2014. The current annual rent is $74,070 and has scheduled increases of 10.00% Every 5 Years.

Property Subtype:

Fast Food

Date on Market:

2026-04-01

Chicago Retail for Sale - Lincoln Park

The Wrigleyville Trophy Center located at 1115 W Addison Street is an irreplaceable retail asset located directly outside Wrigley Field - one of the highest foot-traffic intersections in Chicago. The property is leased to a diversified mix of national credit tenants on long-term NNN leases, producing highly stable income with a WALT of 10.74 years. Its visibility, tenant quality, and supply-constrained location make it a flagship, long-term hold for both private and institutional investors.

Property Subtype:

Storefront

Date on Market:

2026-04-01

Chicago Retail for Sale - South Chicago

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Little Caesars property located in Chicago, Illinois. After a successful multi-decade operating history since 1983, Little Caesars recently signed a new 10-year lease through June 2036, demonstrating a strong commitment to the site. The lease features rental escalations throughout the primary term and two 5-year renewal options. This net lease investment features a low absolute rent of $87,360. This is a rare corporate Little Caesars location. The property is situated at the signalized intersection of West Cermak Road and South Rockwell Street, benefiting from robust traffic flow generated by a strong mix of neighboring retailers and demand drivers. The surrounding trade area includes Ace Hardware, Pete’s Fresh Market (#2 Visited of 18 Illinois locations per Placer.ai), McDonald’s (Top 95% of 12,295 locations nationwide per Placer.ai), Discovery Clothing, O’Reilly Auto Parts, Planet Fitness, AbsoluteCare, Saint Anthony Hospital, and several others. The property sits within one of the most densely populated trade areas in the Chicago MSA, with more than 335,000 residents within a three-mile radius and an average household income exceeding $94,000. The area is further supported by major regional employers, including Union Pacific and Cinespace Studios, which drive significant daytime population and consumer spending in the trade area. The strength of the surrounding retail ecosystem is further validated by Placer.ai data, which ranks this Little Caesars as the #1 visited location in Illinois out of 118 locations and #27 nationwide out of 2,320, a testament to the exceptional consumer traffic and demand the area commands. Little Caesars, officially known as Little Caesar Enterprises, Inc., is an American multinational pizza restaurant chain founded on May 8, 1959, by Mike Ilitch and his wife Marian Ilitch in Garden City, Michigan, a suburb of Detroit. Starting as a single family-owned carryout-focused pizzeria, the company pioneered affordable, ready-made pizza options and grew rapidly through franchising, opening its first franchise in 1962. Headquartered in Detroit, Michigan, Little Caesars has become the third-largest pizza chain in the United States by total sales, behind only Pizza Hut and Domino’s, with thousands of locations across all 50 states and international markets in over a dozen countries. Renowned for its value-driven menu, including the iconic Hot-N-Ready® pizzas and the famous “Pizza! Pizza!” slogan, the privately held company remains family-influenced and emphasizes convenience, quality, and low prices.

Property Subtype:

Fast Food

Date on Market:

2026-03-26

Chicago Retail for Sale - South Chicago

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the leasehold interest in a single-tenant CVS Pharmacy location in Chicago, Illinois. The absolute net lease structure provides for a passive, secure investment with no responsibilities for the Landlord. Due to its irreplaceable location, the Property ranks in the 89th percentile of all CVS pharmacies in Illinois, according to Placer.ai. In Association With Isaiah Harf IL Lic #471019332

Property Subtype:

Drug Store

Date on Market:

2026-03-20

Chicago Retail for Sale - South Chicago

Great Value Add Opprtunity. +/-20,000sf Retail Center on a +/-51,000sf site. The center is Anchored by Chase Bank in the 4,015sf eastern end unit n and Autzone in the 7,507sf western end unit. All leases are triple net. The inline space in the middle is 8,406sf. It was formerly occupied by Family Dollar. t. NOI at 100% occupancy based on current market rents in the area is estimated to be approximately $243,000-$250,000/yr. potentially generating a 9.26% cap rate.

Property Subtype:

Storefront Retail/Office

Date on Market:

2026-03-20

Oak Lawn Retail for Sale - Near South Cook

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire a leased fee interest (land ownership) in an absolute NNN leased, Take 5 Oil investment property located in Oak Lawn, Illinois. The tenant, TWO Oil 5, LLC signed a 15-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

Property Subtype:

Auto Repair

Date on Market:

2026-02-12

Chicago Retail for Sale - Northwest City

Marcus & Millichap is pleased to present a Taco Bell featuring a 2,232 SF freestanding building situated on a 0.30-acre lot in an outer urban neighborhood of Chicago. The property is secured by a brand-new 25-year triple-net lease, offering strong 7.5% rent escalations every five years and five additional 5-year renewal options.

Property Subtype:

Fast Food

Date on Market:

2025-12-17

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 interior 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 leased to Lomax Urban Outreach 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 reimbursed to the Landlord thru 5/31/2028 is not factored in the calculated $259,190 NOI. Estimated annual NOI thru 05/31/2028 is approximately $370,312. That increases the cap rate to approximately 10.71% thru May 2028.

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-12-04

Chicago Retail for Sale - Lincoln Park

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Enterprise property in Chicago, Illinois. Enterprise has been successfully operating from this location since 1985 and executed a lease extension in 2015 demonstrating commitment. The current lease runs through February 2033 and features signi?cant 2.25% annual rental escalations. The lease is also absolute triple net and presents no landlord responsibilities. This is a rare, dense urban in?ll site in the heart of Wrigleyville, presenting a potential covered land opportunity as the tenant holds no renewal options. The property bene?ts from its position within Chicago’s vibrant Lakeview neighborhood. There are over 106,000 people living within one mile of the property, those of which earn an average household income exceeding $183,000. The property is surrounded by major demand drivers including Advocate Illinois Masonic Medical Center (397 beds), Advocate Outpatient Center, Belmont Harbor, Diversey Harbor, Jewel-Osco, Whole Foods, and Wrigley Field. Situated just two blocks from Wellington Station, served by the Purple and Brown CTA lines with a combined 38,000 daily riders, the property offers exceptional transit access. It is also surrounded by major thoroughfares, including Diversey Pkwy (16,700 vehicles per day), Halsted St (12,400 VPD), Lincoln Ave (13,000 VPD), Belmont Ave (17,700 VPD), and Lake Shore Dr (161,000 VPD). Enterprise Rent-A-Car, founded in 1957 by Jack Taylor in St. Louis, Missouri, is a global leader in the car rental industry. Initially a small leasing company with just seven vehicles, Enterprise grew under Taylor’s vision of exceptional customer service and a focus on local markets. Today, it operates over 9,500 locations in more than 100 countries, offering a wide range of vehicles for personal and business use. The company, still family-owned through Enterprise Mobility, emphasizes ?exibility with services like daily rentals, long-term leases, and innovative programs such as Enterprise CarShare and Exotic Car Collection, catering to diverse customer needs.

Property Subtype:

Freestanding

Date on Market:

2025-11-06

Chicago Retail for Sale - Northwest City

Property Subtype:

Health Club

Date on Market:

2025-10-30

Chicago Retail for Sale - South Chicago

High CTA Ridership: The site benefits from being 1 block from the CTA “L” Pulaski station, which saw total entries of 942,000 riders in 2024, making it the Orange Line’s second highest ridership location. Excellent Highway Accessibility: Strategically located just 1.5 miles from Interstate 55, a major arterial route connecting the southwest suburbs to downtown Chicago, which sees approximately 190,000 vehicles per day—providing exceptional regional access and high visibility for commercial traffic. High Traffick Retail Corridor: Pulaski Rd. (34,440 VPD) runs throughout the entire City of Chicago, providing strong traffic counts and visibility to the immediate area. Other retailers include Jewel-Osco, McDonald’s, Chipotle, and Walgreens, among others.

Property Subtype:

Bank

Date on Market:

2025-10-10

Chicago Retail for Sale - South Chicago

Arm Chair investment with fortune 500 (Ranked #111) national credit tenant (NYSE: DG). Major commercial corridor next to McDonald and many recognized businesses. The lease just renewed and this location is one of the busiest dollar general location in Chicagoland. The huge land can offer another future upside potential to add about 5000 sqft additional retail /drive thru space on outlot.

Property Subtype:

Freestanding

Date on Market:

2025-08-04

Chicago Retail for Sale - South Chicago

NNN Investment and great long term tenants mix. 100 % Occupied with 8 tenants. Very visible and busy 6 corner business corridor. Very dense population area with countless car and foot traffic. Built 2007.

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-05-14

Chicago Retail for Sale - South Chicago

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Pizza Hut investment property located in Chicago, Illinois. The tenant, PH S Stoney Island LLC, will sign a brand new 15 year lease with 3 (5-year) options to extend at close of escrow, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

Property Subtype:

Restaurant

Date on Market:

2025-04-02

Elmwood Park Retail for Sale - Oak Park Area

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, 2-tenant investment property located in Elmwood Park, Illinois. The tenant, Little Newton’s, has an agreement in place to extend the lease until 6/30/2037, bringing the term remaining to over 12 years with 4 (5-year) options to extend, demonstrating their commitment to the site. Foss Swim School has over 4 years of term remaining. Both leases currently feature 1.5% annual rental increases throughout the initial term and Little Newton’s extend throughout each option period, steadily growing NOI and hedging against inflation. The leases are absolute NNN in structure with zero landlord responsibilities making it an ideal investment opportunity for a passive investor.

Property Subtype:

Freestanding

Date on Market:

2025-03-17

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 Retail for Sale - Northwest City

Rare opportunity to acquire a mixed-use property in a prime Chicago location between Bucktown and Lincoln Park. Offered for the first time in more than 30 years, this property presents an ideal opportunity for an owner-occupant seeking additional income to offset operating expenses. The building is currently configured for three commercial spaces and features long-term tenants including Frame Factor and Simes Studio, providing established tenancy and stability. Zoned C1-3, the property offers exceptional flexibility for a variety of uses, including retail, medical, office, event space or creative workspace. Its highly desirable location and adaptable layout create strong potential for investors, business owners, and redevelopment-minded buyers alike. The Vacant Space is also available for lease. There is a possibility to expand and occupy the whole building.

Property Subtype:

Freestanding

Date on Market:

2024-08-08