Springfield Specialty for Sale - Downtown Springfield

Property Subtype:

Parking Lot

Date on Market:

2026-01-09

Prospect Heights Retail for Sale - Schaumburg Area

Palwaukee Plaza is a multi-tenant retail center located along North Milwaukee Avenue in northwest suburban Prospect Heights, Illinois (Chicago MSA). The Property was renovated in 1989 and totals 113,801 square feet across three (3) buildings, including approximately 10,550 square feet of second-floor professional office space. The center is situated on a 10.47 acre parcel and zoned B-2: Community Business District. Currently, the center is 87% leased. Palwaukee Plaza features a diverse mix of longstanding tenants including Dollar Tree, Wintrust Bank, Palwaukee Liquor, Rocky's America Grill, Care For Kids Learning Center, Monica’s, Mango’s, Bravo Bakery, Mi Dulce Michoacana, APM Dental, Doggy Daydream, and State Farm, among many others. The center generates a strong in-place NOI of approximately $912,000, providing investors with stable day-one cash flow and meaningful upside through lease-up and future out lot development. The Property features multiple access points, monument signage, and a large on-site parking lot with 605 surface spaces. The center is strategically positioned along a high-traffic commercial corridor surrounded by dense residential neighborhoods and several national retailers including Walmart, LA Fitness, Home Depot, McDonald’s, Starbucks, O’Reilly Auto Parts, Binny’s Beverage Depot, T.J. Maxx, and Panera Bread, among others

Property Subtype:

Freestanding

Date on Market:

2026-01-07

North Chicago Land for Sale - Far North

Positioned in the heart of the O'Hare/Lake County industrial corridor, 901 MLK offers a rare 10-acre (9.87 AC) high-density Industrial Outdoor Storage (IOS) opportunity. This asset is strategically zoned M3 (Heavy Industrial), providing a mission-critical "low-coverage" site for national logistics providers, regional carriers, and institutional fleet operators. In a market with tightening zoning restrictions and dwindling land for heavy-vehicle use, this site represents a high-barrier-to-entry asset with immediate proximity to the I-94 / I-294 / Rt-41 logistics spine. Asset Specifications Total Site Area: ±9.87 Acres Zoning: M3 (Heavy Industrial) – Entitled for Truck Terminal, Fleet Parking, and Heavy Equipment Storage. Surface: Heavy-duty paved/compacted gravel designed for high-tonnage axle loads. Security Infrastructure: Institutional-grade perimeter fencing, automated electric gate entry, 24/7 cloud-based video surveillance, and high-lumen LED site lighting. Configuration: Optimized for 53’ trailers with 12’ wide stalls, expansive drive aisles, and 75’+ deep-well parking options. Strategic Location & Logistics Connectivity Regional Reach: Positioned mid-way between the Chicago and Milwaukee metros, serving as a primary staging point for the Upper Midwest. Intermodal Access: Minutes from I-94 and Route 41 (Skokie Hwy); immediate access to the Great Lakes Metra and proximity to Waukegan Regional Airport. Institutional Neighborhood: Surrounded by major industrial players and directly adjacent to Naval Station Great Lakes, ensuring a stable, high-security environment. Management & Scalability Operating Model: Currently configured for multi-tenant or single-user occupancy. Turnkey Operations: Professional on-site management, automated payment/access systems, and contract snow removal services in place. Growth Potential: Significant upside in a high-demand, under-supplied asset class (IOS).

Property Subtype:

Industrial

Date on Market:

2026-01-05

Pontoon Beach Land for Sale - Illinois

High Growth Area - Lots of opportunity!

Property Subtype:

Industrial

Date on Market:

2025-12-11

Chicago Retail for Sale - Northwest City

4677 N Elston offers an exceptional chance to own or lease a versatile 35,000 SF commercial building on nearly an acre of land in one of Chicago’s most dynamic corridors. The property features a 25,000 SF Main section over two floors. This portion of the building includes 8,000 SF of clear-span space with a 22-foot clear ceiling height. There is also a second, separate section of the building with an entrance on Lowell that features a 4,000 SF warehouse on the first floor and 4,000 SF of office on the second floor. The property further boasts the rare amenity of a 52-car, dedicated parking lot adjacent to the building. Located minutes from I-90/94 and with 160 feet of frontage on Elston Avenue, the site enjoys excellent accessibility and visibility. Flexible B1-1 zoning supports a wide range of as of right uses, including sports and recreation, retail, medical offices, creative studios, light industrial, and showroom space. There are two leases in place which generate $30,000 in monthly net income. The Main section lease is a modified gross structure with more than eight years left (April 30, 2034). The remaining term is corporately guaranteed by Fitness International, the parent company of LA Fitness, and adjustments to the lease duration can easily be made to align with a buyer's objectives. The Lowell section lease is a gross structure with two years remaining (November 30, 2028). Ownership is willing to explore early termination options for this lease in further coordination with a buyer's objectives. Therefore, this opportunity allows a buyer the unique flexibility to either maintain the existing income or repurpose the property immediately to suit their vision.

Property Subtype:

Health Club

Date on Market:

2025-12-04

Elgin Office for Sale - Far Northwest

Cawley Commercial Real Estate is proud to present an exciting residential conversion opportunity in Elgin, Illinois. This former medical center offers 44,077 square feet on 3.20 acres, complete with 147 parking spaces - a rare advantage for multifamily redevelopment. The current plan calls for 35 apartment units thoughtfully designed across three sections of the building, with expansion potential in the fourth section for even greater density. Large floor plates, abundant natural light, and flexible layouts make the property well -suited for modern apartment living. Ideally located near shopping, dining, schools, and employment hubs, the site is positioned to capture strong rental demand. The generous parking ratio, existing infrastructure, and adaptable design provide a faster, more cost-efficient path to market compared to new construction. This is a unique chance to transform a well-located property into a vibrant residential community, offering investors and developers both immediate momentum and long-term upside.

Property Subtype:

Medical

Date on Market:

2025-09-23

Chicago Portfolio of properties for Sale - Northwest City

100-140 s. Ashland Ave is a 52,356 SF street level commercial property that is 100% occupied. Most leases are absolute triple net leases. The property is located in the heart of Chicago's west loop. An investment of $7 billion has been proposed by the Reindorf and Wirtz families just a few blocks to the west. This property includes a privately owned garage located at 1608 W. Adams with 96 parking spaces. Ownership is fee simple.

Property Subtype:

Mixed Types

Date on Market:

2025-07-24

Melrose Park Portfolio of properties for Sale - Melrose Park Area

Ideal Cook County Location just north of North Avenue with accessibility to I-294 via North Avenue. Close to other major highways including I-290 and I-88.

Date on Market:

2025-07-21

Chicago Land for Sale - South Chicago

Cawley CRE, as exclusive representing broker and advisor, is proud to present the opportunity to lease or acquire the fee simple interest in 1912 S. California Ave., (“Property” or “Site”), a gated and paved vacant lot totally approximately 31,210 Sq.Ft. 1912 S. California Ave. welcomes buyers or lessees to be a part of the fast-growing Douglas Park Neighborhood. Zoning precedent and surrounding PD’s pave the path to a ground-up development of the site. With M1-2 Zoning As-of-Right, the site can provide more traditional industrial uses such as outdoor storage and parking. The property falls within built-in City of Chicago Incentive & Development programs such as the Western/Ogden TIF/SBIF District, Enterprise Zone 1, Transit-Oriented Development, and Connected Communities Ordinance

Property Subtype:

Commercial

Date on Market:

2025-07-17

Chicago Retail for Sale - South Chicago

Don’t miss this rare opportunity to acquire a 25,000 SF mixed-use building along with a 4,347 SF adjacent parking lot in the heart of Chicago’s vibrant South Loop neighborhood. Currently improved with two occupied ground-floor commercial units and four expansive loft-style units above—ideal for residential or commercial use. Elevator building with natural lighting. The property is zoned DX-7, offering significant redevelopment potential or value-add investment upside. Near Soldiers Field, WinTrust Arena, Museum Campus. Chicago's South Loop, a colorful 74-square-block neighborhood that is home to iconic Chicago museums, lakefront parks and popular South Loop event venues, including gourmet restaurants and luxury hotels. South Loop venues are within close proximity to downtown Chicago and features fantastic public transportation options, including access to all four Chicago Transit Authority (CTA) rail lines. The neighborhood is located only eight miles from Midway International Airport and 20 miles from O'Hare International Airport. Whether you're looking to expand your portfolio or reposition in one of Chicago’s fastest-growing areas, this offering is well-positioned for long-term growth.

Date on Market:

2025-06-19

Chicago Industrial for Sale - South Chicago

Income producing property available for sale or lease. Fully air-conditioned warehouse space. User/Investor Opportunity.

Property Subtype:

Warehouse

Date on Market:

2025-05-27

Lockport Retail for Sale - Joliet/Central Will

UNIQUE | HISTORIC BUILDING-FORMER OPERA HOUSE For Lease and Sale 1000 State St, Lockport, IL 60441 Right in the heart of downtown Lockport, this iconic building is one of the oldest in town, originally built in 1882.We present a unique opportunity to acquire or lease a stunning historic building in the heart of Lockport, located on the town’s main street. · 13,176 SF Historic Building · Incredible potential for a bar, restaurant, banquet hall, or event venue · The property is still undergoing renovation but has already been largely restored, preserving its historic character while incorporating modern upgrades. · Basement: Hidden, authentic speakeasy-style bar with 9’ ceilings and exposed stone walls. A one-of-a-kind atmosphere that will draw locals and visitors alike. · First Floor :Ideal restaurant space with direct access from State Street and 10th Street. Excellent visibility and foot traffic. · Second Floor :Show-stopping event space with two-story high ceilings, large arched windows, and abundant natural light. Perfect for weddings, concerts, corporate events, and cultural gatherings. · Third Floor: Office and support space with a balcony overlooking the event hall. Rooms suitable for a bridal suite, office, or storage. · Ownership is open to completing the build-out to match your concept and vision. Bring your ideas and your contractor. · Major Renovations Completed – New windows, restored façade, new rough plumbing and electrical service, new HVAC systems, new sprinkler system, new underground grease trap, new elevator, and all necessary construction and renovation permits secured. · Convenient Access & Parking – Street parking and any downtown public parking lot is available. Also the city provides valet parking on their expense. · Elevator & Staircases – the two new staircases in the front and back of the building including the new elevator ensures seamless movement between floors and efficient logistics. Ownership is open to completing the build-out to match your concept and vision. Bring your ideas and your contractor. Lease Rate: Subject to offer Asking Price: Subject to offer

Property Subtype:

Restaurant

Date on Market:

2025-04-02

Chicago Retail for Sale - Northwest City

Neighborhood gem with a rich history of drawing patrons for live music, engaging trivia nights, and competitive pool leagues. The establishment boasts a spacious, vintage-style tavern bar that stretches along half the length of the venue, complemented by a charming beer garden for relaxed outdoor gatherings. Adding to its appeal, the property includes a two-bedroom apartment upstairs, offering potential for rental income, and a private parking lot with space for up to ten vehicles. A unique opportunity for those seeking a piece of history with additional investment potential. Visit our website at kudangroup.com or refer to the links below for more info on this listing and other hospitality offerings, including restaurants, bars/taverns, hotels, entertainment venues, breweries, dispensaries and much more. Stay in the know and receive current updates, new offerings and relevant industry info and events by joining our email list and follow us on social media.

Property Subtype:

Bar

Date on Market:

2025-03-24

Chicago Retail for Sale - South Chicago

9,800 SF freestanding retail building located at of the SWC of the signalized intersection at Cottage Grove Avenue and Marquette Road (~20,000 VPD) in Chicago. The Property is 100% leased by the YWCA with lease term until October 2027. At the existing 100% occupancy rate, the Property produces a NOI of approximately $89,282. The single-tenant building features a unique "L-shaped" layout, with potential to be demised into smaller units. The property includes parking on site and is conveniently located one (1) mile east of the Interstate-90 (I-90) and Interstate-94 (I-94) interchange. Neighboring retailers include Aldi (directly across the street), Jewel-Osco, Family Dollar, AutoZone, Chipotle, McDonalds, Wendy's, and Subway, among many others.

Property Subtype:

Storefront

Date on Market:

2025-03-20

Chicago Specialty for Sale - South Chicago

Available for Sale or Lease • Directly across the street from Midway Airport • Currently striped for 62 parking spots • Fenced and paved lot with parking lot light poles • Adjacent to Central Avenue Gate to Midway Airport • Zoning allows for Airport Parking Operation

Property Subtype:

Parking Lot

Date on Market:

2025-02-26

Lyons Land for Sale - Cicero/Berwyn Area

Property Subtype:

Commercial

Date on Market:

2024-11-11

Chicago Portfolio of properties for Sale - Northwest City

Three urban vacant land parcels totaling 88,672 SF can be sold together or separately offering tremendous flexibility. Properties are well suited for various types of redevelopment. Zoning contingencies will be considered. Parcels can be purchased separately. Contact Broker for Pricing. 4058 W. Melrose Street — 42,807 SF of land at the northeast corner of Melrose Street and Karlov Avenue. The site of a former hospital and medical campus, all structures have been demolished and the parcel is ready for redevelopment. 3240 N. Karlov Avenue (UNDER CONTRACT) — 33,220 SF of land on the west side of Karlov Avenue, running a full city block from Melrose Street to the south to School Street to the north. The parcel is improved with a paved and gated parking lot. 3301 N. Karlov Avenue (JUST SOLD) — 12,645 SF of land at the northeast corner of Karlov Avenue and School Street. Like the 3240 N. Karlov lot, the parcel is improved with a paved and gated parking lot. All three parcels were recently rezoned to RM-4.5.

Date on Market:

2024-10-21

River Forest Office for Sale - Oak Park Area

SVN Chicago Commercial is pleased to present 7777 Lake Street in River Forest, a ±15,000 SF Retail and Office building on 0.45 Acres with full basement for storage. This property is value-add with 55% occupied with 20 total units. Current retail tenants include Edward Jones Investments, River Forest Dry Cleaners & Tailoring, and various office users.

Date on Market:

2024-09-18

Chicago Retail for Sale - South Chicago

Value-add multi-tenant retail property located just steps from the recently redeveloped Evergreen Plaza, along 95th Street, just west of Western Avenue, in Chicago's Beverly Neighborhood. The 20,392 SF retail building is located within a high traffic commercial corridor surrounded by a mix of national and local retailers. Fronting 95th Street, Tenants benefit from visibility and exposure to 28,000+ VPD. All Tenants are on NNN leases including One Main Financial, Beverly Smiles, Beverly Furniture, and 504 Concepts. The property includes a 20-car parking lot, direct access to public transit including the 95th Street CTA bus stop directly in front of the building, and convenient access to Interstate 57 (I-57), less than three (3) miles to the east. Neighboring retailers include Whole Foods, Walmart, Sam's Club, Meijer, Menards, Chase Bank, Potbelly, Chipotle, Dollar Tree, AT&T, and Planet Fitness, among many others.

Property Subtype:

Storefront

Date on Market:

2024-07-09

Arlington Heights Retail for Sale - Schaumburg Area

1213-1221 E Rand Road is a multi-tenant retail center located along the southwest side of Rand Road in Arlington Heights, Illinois (Chicago MSA). The Property was constructed in 1996 and totals 27,712 square feet across three (3) units. The center is 53% occupied with tenants AutoZone and Crest Furniture, providing potential buyers an opportunity to add value through lease-up. AutoZone occupies 8,125 square feet and is on a NNN lease with term through September 2033. The Property features a large on-site parking lot totaling over 80 spaces and dual-sided monument signage along Rand Road featuring visibility and exposure to approx. 26,700 VPD. The center is conveniently located two (2) miles east of Illinois Route 53 and five (5) miles from both Interstate-90 and Interstate-94 and is situated within a dense commercial corridor with neighboring tenants including Jewel-Osco, Tony’s Fresh Market, ALDI, Trader Joe’s, Target, LA Fitness, Walgreens, Burlington, JoAnn Fabric & Crafts, Ross Dress For Less, Marshalls, Party City, Dollar Tree, Petco, Binny’s Beverage Depot, At Home, Floor & Décor, Sherwin Williams, Raising Cane’s, and Starbucks, among several others.

Date on Market:

2024-06-20

Chicago Office for Sale - South Chicago

2245 S Michigan served as the former Buick Showroom on Motor Row. The three-story walk-up offers excellent natural light with exposures on three sides, while high ceilings and brick interiors define the buildings historic character. There is also parking available in the adjacent lot, which can be paired in the offering. Located in the South Loop, this building is a short distance from McCormick Place, Wintrust Arena, and Marriott Marquis Hotel. It is also just two blocks from the Cermak Green Line L Station. 2245 S Michigan is being offered with the adjacent parking lot at 2241 S Michigan .

Date on Market:

2019-03-27

Hillsdale Multifamily for Sale - Outlying Rock Island Cnty

Marcus & Millichap is pleased to present Larson Apartments, a 23-unit multifamily property located at 301 Larson Ct, Hillsdale, IL 61257. Spanning just over two acres, the property consists of five residential buildings offering a mix of one-, two-, and three-bedroom units across both single- and two-story layouts. The asset has benefited from recent capital improvements, including metal roof replacements, a resurfaced blacktop parking lot, and select interior renovations. Several units include private patios or decks, and the property offers an on-site coin-operated laundry facility with four washers and four dryers. The property presents a compelling opportunity for continued value enhancement. A portion of the units have already been renovated, while others provide potential for future upgrades. The current ownership structure has included informal on-site maintenance support from a long-term resident, offering operational flexibility for a new investor. Visual access to a nearby pond adds to the site’s setting and appeal for residents. Located in Hillsdale, IL, within Rock Island County, Larson Apartments is positioned in a quiet, residential community with convenient access to the Quad Cities metropolitan area. The region offers a mix of employment, retail, and recreational amenities, supporting steady demand for rental housing. With meaningful improvements completed and further upside available through continued renovation and leasing strategies, Larson Apartments represents a well-maintained multifamily asset with long-term value potential.

Property Subtype:

Apartment

Date on Market:

2026-06-22

South Beloit Multifamily for Sale

Excellent opportunity to acquire a multi-parcel mixed-use property located along Blackhawk Boulevard in South Beloit. This offering includes three separate parcels featuring retail, residential income, and additional parking, providing flexibility for investors or owner-users. The first parcel includes a 780 SF retail building, currently operating as a slot machine parlor, offering strong visibility and commercial frontage along Blackhawk Boulevard. The second parcel features a 2-family apartment building with a detached garage, providing residential rental income potential. The third parcel consists of an adjacent parking lot, offering additional parking and operational flexibility for the retail or residential components. Property Highlights: Three-parcel mixed-use offering 780 SF retail building currently used as a slot machine parlor 2-family apartment building with detached garage Additional adjacent parking lot included Strong Blackhawk Boulevard frontage and visibility Retail and residential income potential Flexible investment or owner-user opportunity This property presents a unique opportunity to own a combination of commercial and residential assets with multiple income streams in a convenient South Beloit location. 2025 Real Estate Taxes for the three parcels is $6,054 For pricing, financial information, or to schedule a private tour, contact the listing broker. Members-only remarks Call broker for all showings. 24 hour notice for the apartment at 904 1/2 Blackhawk

Property Subtype:

Apartment

Date on Market:

2026-06-16

Springfield Land for Sale - Downtown Springfield

1.10 +/- acre redevelopment opportunity in the Mid-Illinois Medical District at the gateway to Downtown Springfield. Currently improved as a surface parking lot, the property offers a rare infill development site suitable for mixed-use, multifamily, medical office, research, educational, hospitality, or other commercial uses. Positioned within several powerful incentive programs—including the Adirondack TIF District, Cannabis Grants Area, and a federally designated Opportunity Zone—the site provides developers with multiple tools to support project feasibility and long-term value creation. The property is being offered in “as-is, where-is, with all faults” condition. Seller is aware of certain environmental conditions affecting the site. Additional information is available upon request. The property benefits from approximately 320’ of frontage along Madison St (11,000 AADT) and additional frontage and access from N. 5th St (5,800 AADT). Surrounding investments include Villas Downtown Springfield, one of the largest recent multifamily developments in the urban core, as well as continued expansion by Isringhausen Imports, including its recently added Porsche dealership. The site is strategically positioned to benefit from several transformative public and private initiatives underway in Downtown Springfield and the Mid-Illinois Medical District. The recently adopted Downtown Springfield & Mid-Illinois Medical District Master Plan prioritizes additional housing, mixed-use redevelopment, higher-density development, enhanced walkability, and expanded public spaces throughout the district. In addition, the proposed expansion of the Mid-Illinois Medical District would further strengthen the area’s role as a regional hub for healthcare, education, research, and workforce development. Long-term growth prospects are further supported by the ongoing Springfield Rail Improvements Project, expected to be completed by 2027, which will improve connectivity and unlock redevelopment opportunities throughout the downtown area. Complementary initiatives including the planned Third Street Greenway (The LINC) and the new Springfield Mass Transit District Transportation Hub are expected to enhance accessibility, placemaking, and investment activity for years to come.

Property Subtype:

Commercial

Date on Market:

2026-06-15