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

Dolton Retail for Sale - Near South Cook

• The subject property is operated by KBP foods one of the largest operators in America with 1,100+ units operating other brands like Taco Bell, Sonic, KFC, and Arby’s. • Approximately 10 years remaining on the base term with 2 (5-year) option periods to extend the lease • The lease is backed by FQSR, LLC a subsidary of KBP Foods that has over 840 units in this entity

Property Subtype:

Fast Food

Date on Market:

2025-07-07

Hazel Crest Retail for Sale - Near South Cook

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a 9,422 square foot neighborhood retail center located in Hazel Crest, directly off the I-294 highway. Well-sited at the signalized intersection of Dixie Hwy and 171st St, the property features an above average yield of 9.00% on the in-place income. The property has shallow depth bays, ample parking, and benefits from the wellestablished tenants in place. With one vacant unit accounting for 10% of the square footage, investors can further push their Year 2 CAP rate to 11.13%. Current ownership recently signed another lease for ~2,000SF, establishing clear demand for space here. The retail center has been well-maintained by the current owners, who are largely focused on their industrial and office portfolio of over 1,500,000 square feet. All the tenants operate on Modified Net leases, reimbursing all CAM Expenses, Insurance, partial Management Fees, and their pro rata share of real estate tax increases over the base year expense. Located on the edge of a dense neighborhood, the center benefits from solid suburban demographics – over 75,000 people live within three miles of the property and average household incomes exceed $91,000 annually within the same radius. This retail property further benefits from visibility to 15,000 vehicles per day on Dixie Hwy. Listed at an 9.00% CAP rate and Price/SF of $98.33, this is an opportunity to purchase a well-performing asset with a yield that’s difficult to replicate elsewhere. Please contact Marcus & Millichap with additional questions.

Property Subtype:

Storefront

Date on Market:

2023-05-08

Homewood Retail for Sale - Far South

• The subject property is operated by FQSR, LLC, a subsidiary of KBP Foods, one of the largest operators in America with 1,100+ units operating other brands like Taco Bell, Sonic, KFC, and Arby’s. • Approximately 10 years remain on the base term with 2 (5-year) option periods to extend the lease.

Property Subtype:

Fast Food

Date on Market:

2025-06-02

Orland Park Retail for Sale - South Route 45

Net leased investment property for sale. The Tenant S2 Express grill operates 11 successful restaurants in the Chicagoland area. Lease is triple net with virtually no landlord responsibilty. Ten year Lease. Start date 5/2021. Base rent increases to $82,500 on June 1, 2026 S2 Grill was founded in 2019 by Andre and Suheir Williams as an extension of their popular nightlife venue - S2 Ultra Bar in Calumet Park, IL. During the course of relocating, they received so much positive feedback from customers via social media about their food that the next logical step was to open a restaurant instead, where people could continue to enjoy their cuisine and so S2 Express Grill was born.

Property Subtype:

Restaurant

Date on Market:

2025-03-07

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