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 - South Chicago

Constructed in 2018, this single tenant net leased freestanding Goodwill store represents a ground-up new construction combined with a partial adaptive reuse, delivering a fully renovated asset with zero landlord responsibilities in a dynamic retail corridor bordering the southwestern edge of Chicago and Evergreen Park. Its location between both high-income and emerging neighborhoods drives robust inbound donation traffic and consistent outbound shopper activity. Positioned on Western Avenue with a rare 320 feet of frontage and on-site parking, the property benefits from exceptional visibility and access to more than 31,000 vehicles per day. Additionally, the site is shadow anchored by major national retailers including Walmart, Sam’s Club, Meijer, and Menards, and sits within a vibrant retail and medical corridor that brings strong daytime and employee populations. The submarket exhibits extremely low retail vacancy for spaces with Western Avenue exposure, underscoring the strong tenant demand in the area. Recent nearby lease transactions have achieved gross rents of more than $20/SF higher than the subject property, highlighting the below-market rent and NNN pass-through expenses. The property is leased to the largest of the 150 regional Goodwill organizations across the world, operating roughly 100 stores between greater Chicago and Milwaukee with $360 Million in 2024 revenues. The thrift retail sector continues to experience powerful growth driven by sustainability trends, affordability, and the enduring popularity of the “treasure hunt” shopping experience. As a resilient, recession-resistant retail category, the sector tends to do better in economic downturns. With its strong tenant, below-market rent, thrift sector trends, and location in a stable and dynamic Chicago retail corridor, this asset represents a rare opportunity to acquire a newly constructed, high-visibility retail property with a strong fundamentals and long-term upside. Owner is a licensed Illinois managing real estate broker.

Property Subtype:

Freestanding

Date on Market:

2025-11-10

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 Ridge Retail for Sale - Near South Cook

Colliers Net Lease Investment Group is pleased to present to qualified investors the opportunity to acquire a 100% fee interest in a remodeled Meinke location in the Chicago MSA. This is a chance to acquire a recession proof single- tenant net lease with a good operating history and a growing franchisee. Meineke is one of the leading brands in auto-maintenance and repair and is now under the Driven Brands umbrella. This 2,242-square-foot property is located on 111th Street just west of the I294 on off ramp in the south suburb of Chicago Ridge. The property sits on a commercial corridor surrounded by industrial parks and residential. 111th Street brings 33,800+ people by the property daily. There are over 15,000 people within 1 mile and 119,000+ people within 3 miles of the store. The single-tenant building is leased for a 15 year term and is offered at $1,376,623 corresponding to a 7.70% cap rate.

Property Subtype:

Auto Repair

Date on Market:

2025-01-08

Worth Retail for Sale - Near South Cook

The Snyder Carlton National Net Lease Team is pleased to present an exceptional investment opportunity to acquire a high-quality, single-tenant CVS property located in Worth, Illinois, within the thriving Chicago Metropolitan Statistical Area (MSA). This asset offers a long-term, absolute NNN lease with over 14 years remaining in the primary term, plus five 5-year renewal options, each with 5% rent increases—making it a prime choice for investors seeking stable, passive income for years to come. The 16,000 SF building is situated on a 1-acre parcel at a highly visible and accessible location along W 111th Street and Normandy Avenue W (29,172 VPD), just adjacent to Interstate 294 (154,600 VPD). With its prominent position and easy access, the property enjoys excellent traffic and visibility, ensuring continued success for the tenant. Nearby retailers and amenities include CIBC Bank, O’Reilly Auto Parts, Chase Bank, Baskin-Robbins, Subway, Dollar Tree, Family Dollar, Advance Auto, Walgreens, and many others, making this a well positioned asset in a busy retail corridor.

Property Subtype:

Drug Store

Date on Market:

2025-01-07

Riverdale Retail for Sale - Near South Cook

Property Subtype:

Drug Store

Date on Market:

2024-05-27

Chicago Retail for Sale - South Chicago

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar Tree located in Chicago, Illinois. The property underwent extensive renovations in 2023 for Dollar Tree’s tenancy, coinciding with the start of their long-term lease, which runs through November 2033. The lease includes three 5-year renewal options, each featuring a $0.50/SF rent increase at commencement. Significant capital improvements were completed in preparation for occupancy, including a newly sealed and striped parking lot, upgraded parking lot lighting, an updated fire sprinkler and electrical system, and a refreshed monument sign. Additionally, the HVAC system was replaced in 2018. Dollar Tree is an investment-grade tenant with an S&P credit rating of BBB. The 15,717 square-foot building benefits from its hard corner position along South Western Avenue which experiences over 27,900 vehicles per day. Additionally, the subject property is within proximity to Interstate 57 (145,000 VPD). The asset is in an affluent pocket of Chicago where the average household income is $122,000 within 1-mile. It is also a densely populated area with 449,000 people living in a 5-mile radius. Neighboring tenants include Fairplay Foods, NAPA Auto Parts, Meineke, PNC Bank, Buona Beef, U-Haul, and several others. Furthermore, Morgan Park Highschool (1,200+ Students) is located less than one mile east of the property. This is an urban-infill location with high barriers to entry for new tenants. Dollar Tree, Inc. is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 16,000 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers. Additionally, the company operates stores under the name of Dollar Bills, as well as a multi-price-point variety chain under the Family Dollar banner.

Property Subtype:

Drug Store

Date on Market:

2023-09-08

Summit Argo Retail for Sale - Near South Cook

Hard Corner Strip Center at 63rd and Harlem. 4 retail spaces fully leased inside the retail building with long term leases and good rents. Large sign on corner for all tenants and amazing visibility. Access to both Harlem as well as 63rd. Street. Just down the street from Seat Geek Stadium and near everything Harlem has to offer. Highly dense and strong vehicle traffic. Call for Financials and additional information.

Property Subtype:

Freestanding

Date on Market:

2022-08-29