Hoffman Estates Retail for Sale - Schaumburg Area

Strauss Realty, Ltd. has been exclusively engaged to market for sale 2306–2332 Hassell Road, an 11-unit, 20,438 square foot neighborhood shopping center located just blocks from the I-90 Barrington Road interchange in Hoffman Estates, Illinois. The property is currently 93.8% leased, with two remaining vacancies at 3,090 total square feet of vacancy (one unit of which is currently under LOI). Tenants include national and regional operators such as 7-Eleven and State Farm, offering a strong mix of service-oriented and daily-needs retailers. Investor Highlights - The center is being offered at an 7.97% capitalization rate, presenting immediate yield with near-term upside through full lease-up. Proforma 2026 Cap Rate 8.11%. Recent capital improvements include a fully repaired parking lot with 111 spaces, upgraded lighting across the entire property, and a new rooftop HVAC unit installed in May 2023 with a 5-year warranty. In the summer and early fall of 2022, the parking lot underwent significant repairs including sewer line work, repaving, and striping. There are no capital expenditures anticipated in the near term. Most tenants operate under modified gross leases with recoverable expenses, providing stable and predictable income. Unbeatable Location. Situated in the heart of the Golden Corridor, the property benefits from strong demographics and easy access to major thoroughfares. With durable in-place cash flow, limited near-term rollover, and strong surrounding fundamentals, 2306–2332 Hassell Road represents an attractive suburban retail investment opportunity.

Property Subtype:

Storefront

Date on Market:

2025-06-23

Orland Park Retail for Sale - South Route 45

This Arby's has over 9 years remaining on absolute NNN lease that calls for 10% fixed rent increases every 5 years. Situated as a pad site to a +/-122,900 sq. ft. Meijer grocery store anchored center, other national retailers in this center are Chili's, Panda Express, White Castle and AutoZone. Orland Park is a village located in Cook County, Illinois situated 25 miles southwest of downtown Chicago. With a city population exceeding 60,000, Orland Park reflects signs of affluence and sophistication. The Average Household Income within a 3-mile radius of this Arby's is reported at $117,122.

Property Subtype:

Fast Food

Date on Market:

2025-06-19

Tinley Park Retail for Sale - South Route 45

For Sale Great Freestanding Masonry Commercial Retail Building in Tinley Park IL, Extremely rare offering here. Currently built out as a retail dry cleaners and tuxedo rental operation, Well maintained. High security entrance doors, and cameras. Zoning is NG Neighborhood General Legacy District Zoning. Tinley Park The Building is 4,083 SQ FT. The Landsite is 12,253 SQ FT 97 SQ FT of Frontage along Oak Park . The building features on the first floor an open reception area and a Dry Cleaners cleaning area and Plant, 2 bath rooms 1 utility room and 2 storage rooms. The south half of the building is a retail Tuxedo fitting and alteration area, The property has plenty of parking in a large Front and side parking lot for 20 cars, 8,000 Cars pass this location a day (VPD) on Oak Park, The building utilizes 200 + amp electric system This Property has a Clean Phase one EPA report, The property also features a landscaped side lot, Redevelop for parking or expand with an additional building. This property presents the unique opportunity to acquire a stand-alone Retail, building in Tinley Park, Ideal for a variety of commercial uses: Perfect for new owners for Office, Retail, Professional use, law firm, insurance, technology, financial trading, Real Estate, accounting office or or keep the tenant and extend the Lease and use for Investment, or you can redevelop the Parcel. Do not contact Owner. Please call the listing broker for all showings. Pin numbers - 28311030210000 - 28311030200000

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-06-13

Homewood Retail for Sale - Far South

Great Owner User Opportunity! The total size of the building is 4,045 sf consisting of TWO Retail spaces. 17629-31 - 2,545 sf (Leased to Dave's Hot Chicken) 17627 - 1,500 sf (Former Subway) L-1 - The Former Subway Space is 1,500 sf in size, retail that is fully built out includes Walk in Cooler, Freezer, Coke Machine, Cold unit, Coffee Brewer, Bubbler, 4 Compartment Sink, Grease Trap. There is no hood as this was a former Subway Sandwich Shop. There is no drive thru at this location, and I am unknown if the village of Homewood would permit one.

Property Subtype:

Freestanding

Date on Market:

2025-06-13

Broadview Retail for Sale - Cicero/Berwyn Area

Property Subtype:

Health Club

Date on Market:

2025-06-05

Calumet City Retail for Sale - Near South Cook

Matthews M. Fitzgerald License No. 478027547 (IL) (866) 889-0550 Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203

Property Subtype:

Freestanding

Date on Market:

2025-05-29

Chicago Retail for Sale - Northwest City

For Sale at $275,000 but Also available for lease. $1400 for the small space, $2000 for the larger space and $3000 to lease both spaces. Monthly assessment is $382.46

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-05-27

Homewood Retail for Sale - Far South

5,000 SF of Prime Retail Space (C-1) in Downtown Homewood, directly across from commuter train and Amtrak Station and adjacent to Starbucks. Ideal for retail or restaurant Abundant on-site parking and adjacent municipal parking lot. Can be combined with adjacent 3,000 SF (C-2/3), also for sale, for a total of 8,000 SF.

Property Subtype:

Storefront

Date on Market:

2025-05-22

Chicago Retail for Sale - North Branch/Goose Island

For Sale, Turn Key Newer construction fast food fast food building, Just South of the Hard stoplight corner of North Avenue and Elston Avenue. Fantastic opportunity to own or lease a freestanding commercial building In the Elston Manufacturing Corridor M2-3 Zoning, Prime location, immense potential, This fully built out restaurant offers an excellent opportunity for users to take advantage of high traffic counts, Fully built-out kitchen Full commercial fast food buildout, all black iron hoods and fire suppression are in place, all furniture, fixtures, and equipment, Walk in Cooler, All FF&E Included, The Building is completely done. new, facade, Modern Windows upgraded heat and HVAC on roof, tuckpointing, 200 Amp Electric, modern functionality. Great Location, Heavy traffic, High Visibility, 8600 Vehicles pass this location a day 8600 VPD, 15 car parking in rear parking lot Close to Area Highways and Public Transportation, Bus Area retailers include - Art's Drive In, River North Hand Car Wash, Home Depot, Nortown Auto Do not bother the tenant, Call listing broker for all showings. Second Pin Dimensions - 26X166.5X23.9X176.7 Pin Numbers - 17051040120000 - 17051040130000

Property Subtype:

Restaurant

Date on Market:

2025-05-21

Chicago Retail for Sale - Northwest City

Prime Commercial Opportunity in West Town! Unlock the potential of this 6,300 sq. ft. property, offering 3,100 sq. ft. per floor, plus roof access-perfect for a roof deck or additional dining. Built entirely with concrete and flex core, this space boasts high ceilings, an elevator, a large garage, and a blank slate ready for a tenant or owner to create a standout retail or restaurant space. Originally designed for an upscale restaurant, it features precast plumbing for bathrooms and kitchen, streamlining the build-out process. Located in the heart of Chicago Ave and West Town, this property is surrounded by top-tier tenants including Mariano's, McDonald's, Cleo's, West Town Bakery, Forbidden Root, Brasero, and more. With easy access to bus and Divvy stations and the Kennedy Expressway, it offers unbeatable convenience. Available for lease or purchase, this is a rare chance to secure a versatile, high-visibility location in one of Chicago's most popular neighborhoods. TI packages available for right tenant / building will be sold as vanilla box.

Property Subtype:

Bar

Date on Market:

2025-05-06

Elk Grove Village Retail for Sale - Schaumburg Area

Fully-Equipped Freestanding Restaurant Sought-After Northwest Suburb - Property For Sale! "Out-lot Of A Busy Plaza - At A Signalized Intersection - On A Major Thoroughfare/A Dense Commercial Corridor - Within A Massive Business Park/Vibrant Industrial Hub & Surrounded By A Dense Residential Area" Popular long-established pancake house and lunch cafe. Offering all-day breakfast/brunch and traditional comfort food. Full-service restaurant. Dine-in, carryout, pickup and 3rd party delivery. Features high ceilings, exposed beams, expansive windows, a spacious dining room, large wait station and fully equipped commercial kitchen. Long established restaurant location over 47 years. And with the current operator 14 years. Asset sale with property - all furniture, fixtures and equipment (FF&E) included. Business is not for sale - no financials. This exceptional restaurant opportunity offers a turnkey operation in one of the most business-friendly communities in the United States. Also, a rare opportunity to acquire a proven restaurant location together with its real estate in a sought-after northwest suburb. With a fully equipped kitchen, established location and strong surrounding demographics, this property is positioned for continued success. Plus, an incredible opportunity for long-term real estate appreciation. Bring your concept here! Can also add gaming!! Location: Prime retail space in a large one-story freestanding building with ample parking on one of Chicagoland’s most stable and densely populated northwest suburban corridors. Perfectly situated in a busy plaza with a diverse tenant mix and easy access at the signalized intersection of two high traffic routes. Well positioned on a major thoroughfare and a dense commercial corridor with excellent street exposure, high visibility and strong traffic flow (22,000+ VPD) close to the interchange of two major interstates. And strategically located in the village’s massive business park and vibrant industrial hub, surrounded by corporate offices, logistics facilities, industrial parks and hotels. As well as surrounded by a dense residential and established retail/service area, close to homes, schools and local businesses. Plus, just 5 minutes from two Metra stations and less than 15 minutes from O’Hare International Airport. Year Established: 2012. Property Information: One-story freestanding building. Built in 1979. On .61 acre or 26,272 sqft. Class C. Zoning B-2. $1,200 plaza parking lot maintenance fee. Real estate taxes $44,317. Square Feet: 5,288. Seating: 200+ Inside. Owners Role: Absentee owned and operated. Gross Sales: (Asset Sale). Net Operating Income: (Asset Sale). Value of FF&E: Included In Asking Price (Valued at $250,000). Seller Financing Available: No. Reasons for Selling: Other interests. Competition/Market: Fully built-out. Spacious dining room. Versatile space for any type of restaurant. Efficient set up for high volumes. Conveniently located on established retail and service corridors with excellent commuter visibility and high traffic counts, plus access to regional expressways. Benefits from strong surrounding demographics. Sits within a mature residential and commercial trade area that consistently supports restaurant operators. Growth & Expansion: In a sought-after northwest suburb. Within one of the most stable municipalities in the northwest suburbs. On two dense suburban commercial corridors. In the heart of a robust business and industrial market with a significant nearby employment base. Plus, surrounded by a dense residential area with a population of over 90,000 with a median household income of over $95,000 within a 3-mile radius. Location, location, location!!! Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please email Tom Traina at Tom@eatz-associates.com or call 847-651-3834 for more information. Showings by appointment only outside of business hours. Listed by Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC

Property Subtype:

Freestanding

Date on Market:

2025-05-02

Oak Lawn Retail for Sale - Near South Cook

Offering a prime investment opportunity in Oak Lawn, IL: 6417-6421 W 87th St. Well maintained property boasts a 15,810 SF building on a +/-48,138 site (roughly 1.10 acres) Features 6 fully leased units. The property offers a solid revenue stream from day one. Renovated in 2025, it presents a contemporary, attractive space for tenants and shoppers alike. Situated in the Chicago MSA at the Oak Lawn & Burbank borders, this 100% occupied strip center is a beacon for retail investors seeking a stable, high-performing asset in a thriving market. With its strategic location and strong tenant base, this property represents an exceptional addition to an investment portfolio.

Property Subtype:

Storefront

Date on Market:

2025-04-29

Chicago Retail for Sale - South Chicago

7,056 SF 5-Unit Retail Center with parking along W 79th Street. The building's exterior features a gated parking lot with 10 spaces, with the ability to add more. The property's interior features an open floor plan, allowing units to be conjoined depending on the usage.

Property Subtype:

Freestanding

Date on Market:

2025-04-22

Chicago Retail for Sale - South Chicago

We are pleased to present an exceptional investment opportunity—a newly constructed Starbucks property completed in 2022, featuring a secure 10-year lease with Starbucks Corporation (NASDAQ: SBUX S&P: BBB+). This property is strategically positioned as a pad site to Jewel-Osco Grocery Store, ensuring strong consumer traffic and visibility. Situated at highly visible and heavily traveled corner of S. Ashland Ave. and W. 95th Street. The surrounding area is home to a variety of well-established retailers, including McDonald's, Taco Bell, Burger King, Walgreens, BMO Bank, Dollar Tree, and Dunkin' Donuts, Subway and more, making this location highly desirable for continued foot traffic and long-term growth. The asset is backed by a stable NN lease structure, offering minimal landlord responsibilities and ease of management. With over (7) seven years remaining on the lease term, the investment benefits from (4), 5-year extension options, providing long-term stability. Additionally, rent increases of 10% every 5 years ensure steady income growth throughout the lease duration. For more information or inquiries, please contact Michael Murphy or Christopher Mauriello.

Property Subtype:

Storefront

Date on Market:

2025-04-18

Chicago Retail for Sale - Northwest City

Excellent Income Producing Commercial brick 5 store fronts on busy corner of Division & Central. fully leased with long-term tenants, established businesses for many years, some been there for 16-10 years. tenants are responsible for interior maintenance,building is well maintained, new tuck pointing, annual maintenance on the roof. heat & electric. Landlord only responsible for water, taxes & exterior maintenance. 12 parking spaces in the back of the building, fenced parking lot, few parking spaces in the front. this property has two PIN numbers, two addresses 5600-5612 W Division & 1206 North Central. Easy to manage set back & collect rent, HIGH CAP RATE SOUND INVESTMENT

Property Subtype:

Storefront

Date on Market:

2025-04-16

Calumet Park Retail for Sale - Near South Cook

Free Standing, Vacant commercial building for sale. 4000 sq ft of retail space available to start your business! Great potential: former appliance store - perfect for restaurant, liquor store, supermarket, office and other- countless possibilities. Location in the key- densely populated area, this building is situated right on the busy Ashland Ave; near I-57 exit. Surrounded by multiple local businesses, restaurants, fast food chains & offices. Great for investors and owner/user. Building is also available for lease: $5,900/month (gross lease)

Property Subtype:

Freestanding

Date on Market:

2025-04-11

Skokie Retail for Sale - Near North

Prime commercial and residential two-story building for sale in Skokie, Illinois Excellent investment opportunity or also available for a user The corner brick building has excellent visibility and access for Church Street and Keystone Avenue. The first floor features a real estate office, a fitness gym, and a home care office, A kitchen, and three washrooms. The second floor has two 3 bedroom apartments and a laundry facility There is a ten-car parking lot with rear access from Keystone Ave. Please contact Tatyana Kukso at 847-463-0826 or tloseva@yahoo.com or Mark Feyman a7 847-971-8559 for further information.

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-04-07

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

Chicago Retail for Sale - South Chicago

Seize this incredible opportunity( asking for $349,000 , that's $285.83 psf !!!) to own a 1,221 sq. ft. retail space on 2nd level of bustling 2-story retail plaza. Strategically located at the high-traffic intersection of Archer Ave and Canal Street, right at the edge of Chicago's growing Chinatown area, this spot guarantees exceptional visibility and accessibility. With 48 retail spaces, 74 convenient parking spots, and two loading zones, this plaza is already becoming a hotspot, with many thriving businesses settled in. The space is ready for occupancy and offers boundless possibilities for a variety of ventures-don't let someone else claim it before you do! 2024 property taxes are approximately $8,943.79, and monthly assessments of about $415.68 cover key services like common area utilities, snow removal, roof maintenance, common HVAC, exterior upkeep, cleaning, and common insurance. Act fast-this is a can't-miss chance to position your business for success!

Property Subtype:

Storefront

Date on Market:

2025-03-27

Chicago Retail for Sale - South Chicago

Situated in the heart of Chicago’s “Motor Row” this second generation brewery with tasting room is available for purchase. In addition, the multi-story commercial building features a taproom on the second level and event space on the third with high end finishes, elevator access and multiple ingresses. The property was initially renovated in 2013 and can be easily reconfigured for other uses.

Property Subtype:

Bar

Date on Market:

2025-03-21

Chicago Retail for Sale - Fulton Market/Near West Side

EXQUISITE WEST LOOP LIVE/WORK BUILDING IN IT'S ENTIRETY WITH 9 SECURE PARKING SPACES CAN NOW BE YOURS! Discover an unparalleled blend of sophistication, modern convenience, and historic Chicago charm in this luxurious 8,490sq. ft. live/work property plus 4000 sq. ft. basement, perfectly situated in the highly sought-after West Loop neighborhood on coveted Madison Street. The second floor of this property has been completely gutted and reimagined to offer an extraordinary living and working experience, seamlessly blending opulent residential comfort with a dynamic professional space that is waiting to be built to suit. The second-floor luxury condo promises an exceptional level of craftsmanship and design. Ascend via your private elevator to discover a meticulously designed, 4,000 sq. ft. 3-bedroom, 3.5-bath residence with soaring 17-foot ceilings. Every detail of this expansive unit exudes elegance and modernity, from the open-concept living space bathed in natural light and floor to ceiling book match marble fireplace to the gourmet kitchen featuring top-of-the-line appliances, custom cabinetry, and an extravagantly spacious Taj Mahal Island. The stunning great room seamlessly connects to a grand private terrace. Perfect for entertaining or unwinding, this outdoor retreat offers ample space for dinning, lounging and enjoying breathtaking views. The primary suite serves as a tranquil retreat, complete with a spa-like en-suite bath with radiant heated floors, double walk-in closets and sky light. While additional bedrooms offer en-suite baths, walk-in closets and ample space for family or guests. High-end finishes, designer fixtures, and smart home technology elevate the living experience to an entirely new level. The versatile first level presents a unique build-to-suit opportunity, ideal for professionals, entrepreneurs, and creatives seeking a bespoke workspace. This expansive 4,000 sq. ft. area, boasting soaring 17.5-foot ceilings, offers limitless potential such as establishing an elegant gallery with ample space to display prized artwork, host unforgettable gatherings with a spacious interior and an inviting courtyard for outdoor mingling. Elevate your golf game with a private indoor driving range, merging leisure and luxury. Create a culinary destination with an open layout designed for showcasing culinary excellence. Design a serene wellness retreat complete with treatment rooms and tranquil ambiance. Imagine creating a hidden gem where only a select few guests access-an exclusive speakeasy retreat with a secret garden escape. Whether you're a musician, content creator, or business visionary, the soundproof space offers endless possibilities. With the potential for a fully equipped sound or video recording studio, you can bring your creative projects to life right from home. Imagine producing music, podcasts, or videos in a space designed for inspiration and innovation. Perfect for professional and hobbyists alike, this home offers the ideal blend of work and play in a setting that fuels creativity. This property isn't just a home it's an entrepreneur's dream come true! The perfect blend of luxury, mystery and ambiance awaits. This space is waiting to be transformed, bringing a vision to life! Additionally, this exceptional property includes 9 private parking spaces, a rare and invaluable asset in the heart of the city. The parking lot presents a prime opportunity for additional development, allowing the new owner to further enhance this remarkable space. Whether you seek an upscale residential haven, a dynamic professional environment, or a combination of both, this West Loop masterpiece delivers on every level. Don't miss the chance to claim this extraordinary property and shape it into your ultimate vision of luxury and functionality.

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-03-20

Skokie Retail for Sale - Near North

2nd generation restaurant space.

Property Subtype:

Restaurant

Date on Market:

2025-03-17

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

Oak Lawn Retail for Sale - Near South Cook

Prime high visibility corner lot on heavy traffic Southwest Highway in Oak Lawn. Prime for redevelopment or keep as mixed use investment property. Zoned B1 with a Large freshly paved parking lot with easy access.

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-03-15