Chicago Retail for Auction - South Chicago

Property Subtype:

Movie Theatre

Date on Market:

2025-11-10

Northbrook Flex for Sale - Central North

For sale absolutely top of the line office suite and Recording Studio/Rehearsal Space with Custom built-in stage with theatre lighting in Northbrook sky harbor industrial park!!!!! I-1 ZONING, 3606 SQ FT, A Very Rare offering here, an Office Suite/Condo in this condition with this level of Quality, one rear 12X12 Drive in Door (DID) The suite has a rear storage area with 14" ceilings or if you wish can hold about 4 Cars, a Great place to store your muscle or vintage cars. 2 gorgeous high end private restrooms, Front Paved parking lot for about 40 cars, everything has been done, stunning, all new beautifully finished high end interior buildout, Updated kitchen area, 2 subzero Refrigerator's New roof, New HVAC on the Roof, New floors, New electric, Tuckpointing, Newer windows, freshly painted, 200+ amp electric, bright modern lighting, superbly maintained The suite also features Conference room, 2 Private offices, Reception area, Waiting room, A phenomenal Entertainment theatre Leisure room that seats 16 with areas for your large TV, with a wet bar 2 storage area's Full fire control with sprinklers, Perfect for Guests, Bring your clients & Friends and watch the game, Spectacular, No Disappointments, Great location, Close to major roads and expressways. Ownership Will Negotiate separately on the sound equipment and Instruments. Ownership with look at all offers within reason. Area Businesses include - Fed EX ship Center, Signature Water and Fire Restoration, AA Heating Service, AAT Restaurant Equipment Sales, EXACT Performance McLaren body repair, American Weathermakers, Pin number - 0454000271013 Do not Bother tenant, please call listing broker for showings.

Property Subtype:

Light Distribution

Date on Market:

2025-11-24

Joliet Multifamily for Sale - Joliet/Central Will

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 301 S Ottowa Street in Joliet, IL (the “Property”). The two-story building contains six (6) total units comprised of one (1) commercial unit, one (1) 3-Bedroom/1-Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit, two (2) 1-Bedroom/1-Bathroom units, and one (1) Studio unit with 6,000 square feet of gross living area and 6,500 square feet of gross area. The Property is situated upon two separate parcels totaling 0.42-acres of land and offers ample parking with five (5) spaces available. Additionally, there is a vacant lot adjacent to the Property that is vacant and can be developed into a development of prospective buyers choosing, further enhancing value to the Property. 301 & 303 S Ottawa Street is centrally located near downtown Joliet, offering excellent visibility within a growing commercial and residential hub. Positioned just minutes from Interstate 80 and Interstate 55, the property provides efficient regional connectivity to Chicago, Naperville, and surrounding Will County communities. Its strategic location offers walkable access to downtown amenities including restaurants, retail, civic institutions, and public transit via the Joliet Gateway Center Metra and Amtrak station. Nearby attractions such as the Rialto Square Theatre, Harrah’s Casino, and the Des Plaines Riverwalk support a lively local environment, enhancing tenant convenience, quality of life, and long-term investment appeal.

Property Subtype:

Apartment

Date on Market:

2025-11-07

Orland Park Land for Sale - South Route 45

For Sale, Ground lease, or Build-to-Suit opportunity. -/+20,500sf Prime Site fronting Lagrange Rd across the street from Orland Square Shopping Mall. The lot dimensions are (150' x 137') There is 150ft frontage along La Grange Rd. The site has prime visibility from La Grange Road. Orland Park is a southwest suburb of Chicago with a population of approximately 59,000 residents. Orland Park is considered the economic engine to the Southwest suburbs given its commercial, medical, and financial strength. Neighboring towns of Palos Heights, Palos Hills, and Palos Park to the north; Tinley Park to the east; Homer Glen to the west; and Frankfort and Mokena all avail themselves of the retail, restaurant, and recreational amenities in Orland Park. Orland Park is bordered to the south by I-80, which provides a 40-minute drive to Downtown Chicago. There are three Metra Commuter transfer stations serving Orland Park, with regular daily trains to Chicago. The three-mile radius incomes of $119,255/average and $96,108/median indicate a strong base for purchasing power and economic growth. The five-mile numbers, based on a population of 164,174, expand the trade areas’ strength. The area is known for its fine dining restaurants, activity centers, shopping destinations, Orland Square Mall, Marcus Theatre, and many other amenities. Orland Park has plenty of recreational facilities, such as Centennial Park Aquatic Center, Sportplex of Orland Park, a state of the art Library, and more.

Property Subtype:

Commercial

Date on Market:

2025-11-06

Skokie Office for Sale - Near North

Rare opportunity with 5 contiguous lots for better land use. NX zoned. Very close to downtown Skokie in Central Business District. Walking distance to Chase Bank, Skokie Theater, Skokie Library, Village Hall, Bank of America, Lots of Restaurants, Assorted retailers and Specialty Stores. Close to CTA Yellow Line Station and I-90/94. Three lots with one building each. The remaining two lots are vacant. 7848 Lincoln was a real estate company with office setting. 7852 Lincoln Ave building was a Chan Hall and a three bedroom apartment. Buildings are serviceable. Basement needs work. Or you can tear down and build to suit. Please consult: Skokie Village-Zoning Chapter, Appendix A-use table for all the permitted and special uses. Additional PINs are: 1028211002, 1028211003, 1028211004, 1028211005.

Property Subtype:

Office/Residential

Date on Market:

2025-10-12

Chicago Retail for Sale - Northwest City

Unique Investment Opportunity: Iconic ESO Theater Property For Sale in Austin, Chicago! Welcome to a truly one-of-a-kind property in the heart of Chicago's vibrant Austin neighborhood, right on the border of the Oak Park community. Currently home to the celebrated ESO Theater, this multi-functional space offers an extraordinary opportunity for entrepreneurs, artists, investors, and visionaries looking to own a dynamic commercial and residential property with built-in revenue potential. Property Highlights: Over 6,000 sq ft of mixed use commercial space Purpose-built for performing arts, events, music showcases, or creative studios Multiple performance areas with AV hook-ups for audio/visual integration Spacious kitchen area with multiple freezers - ideal for launching a restaurant, cafe, or catering business Several private offices, dressing rooms, and bathrooms for staff and guests Dedicated employee restroom in the kitchen area Zoned B3-2, offering extensive flexibility for various business types Licensed as a Public Place of Amusement and Performing Arts Venue Residential Income Potential: Two fully equipped apartments on the second level. One 3bed 1.5bath & one 2bed 1bath. Combined rental income potential of $3,000+ per month Income can cover the mortgage, allowing your business to flourish without financial strain Whether you're a theater operator, restaurateur, creative collective, or investor seeking a cash-flow-positive property with deep community roots, this space delivers. With both commercial performance space and residential units, it's a rare blend of function, flexibility, and financial upside. Don't miss your chance to own a cornerstone of Chicago's creative scene with unmatched potential.

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-10-03

Chicago Sports & Entertainment for Sale - Fulton Market/Near West Side

A Historic Landmark Reimagined for Modern Events – In the Heart of Chicago Step into a piece of history—brilliantly reborn. Located in the heart of Chicago, this fully renovated, landmarked building offers a rare fusion of architectural grandeur and contemporary design, meticulously reimagined to serve as a premier event destination. Every inch of the structure has been thoughtfully updated—from the structural and mechanical systems to the interior finishes—creating a seamless blend of historic charm and modern sophistication. Spanning multiple levels and configurations, the property features six distinct event spaces—both indoor and outdoor—each offering its own unique ambiance. From intimate gatherings of 20 to grand celebrations of up to 500 guests, the venue adapts effortlessly to weddings, corporate functions, art showcases, concerts, and more. At the heart of the property is a state-of-the-art concert hall, where acoustics and design come together to deliver unforgettable experiences. For more personal occasions, smaller rooms offer cozy, elegant backdrops filled with warmth and character. Two fully built-out bar areas—one located just off the main hall (formerly a historic church space) and another on the upper level—add convenience and sophistication to any event. Whether you're planning a black-tie affair, hosting a team-building retreat, or curating an immersive gallery experience, this venue is a canvas for creativity and connection. A rare opportunity to own or operate a turnkey event space in one of the city’s most dynamic and accessible locations—where history, design, and versatility converge. https://brochures.christiesrealestate.com/view/635531080/

Property Subtype:

Theater/Concert Hall

Date on Market:

2025-08-15

Chicago Office for Sale - South Chicago

PRICE REDUCTION! A 2 story, double lot, CORNER building zoned DS-5 can support retail, residential. commercial, industrial, office and public venues. Build up to 5 stories. DS-5 (downtown mixed use district). 2420-22 S Michigan is a historically important Landmarked building in Chicago, IL. It is in Motor Row, a designated historical area by the City of Chicago and it is federally listed in the National Register of Historical Places. This masonry building was originally a Pearce Arrow Car Showroom built around in 1915. This building is easily viewed from the Stevenson Expressway (I55) and Michigan Avenue. McCormick Place Convention Center is 1 block away. There is great transportation by CTA, the red line and green lines, Metra trains, and is close to downtown Chicago, The Central Business District, The Theatre District, The Loop, restaurants, hotels, Grant park, Millennium Park, 35th Street Beach, The Art Institute, and Museum Campus. Selling as is by owner. Owner occupies the 1st floor and the 2nd floor is vacant. Some repairs needed, contact owner for additional details.

Date on Market:

2025-07-16

Aurora Retail for Sale - Western East/West Corr

NEW PRICE! FSBO – Versatile 2,520 SF Two-Story Dual-Income Commercial Property with Rooftop Access in Downtown Aurora This exceptional property is move-in ready with all the hard work completed, yet still offers plenty of opportunity for you to add your personal touch. Situated in a prime Downtown Aurora location, you’re just a 14-minute walk to the train station—ideal for an easy Chicago commute. Enjoy being steps from dining options and the iconic Paramount Historic Theatre -2 minute walk across the scenic Fox River. Low taxes and convenient street parking. Flexible Layout to Suit Your Needs Home + Business living make this newly remodeled(never lived in) second floor your new home and bring your business ideas for the first floor. Living area can easily be converted back to office spaces, with the kitchen serving as a break room. Dual Income Potential Earn rental income from both the spacious studio/business area and the upstairs apartment. These spaces appeal to tenants seeking a blend of business and residential comfort. Apartment Highlights 2 bedrooms possible small third bedroom 1 full bath and dedicated laundry room Skylights flooding the space with natural light New, high-end appliances, fixtures and beautiful granite countertops/backsplash *Additional 1,260 SF accessible rooftop, perfect for gardens or outdoor seating* Studio Features Expansive main studio space Entrance room Half bath Utility room, generous storage, small basement space Explore endless possibilities with this adaptable property that’s ready to support a variety of business models or residential needs. Don’t miss this fantastic opportunity and bring your custom vision! Sold as-is

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-06-18

Chicago Multifamily for Sale - Lincoln Park

**SALE NOTES – 2020 N Lincoln Park West, Unit CU1 | Chicago, IL 60614** **Property Overview:** Prime 4,650 SF ground-floor commercial condo located in the heart of Lincoln Park, one of Chicago’s most established and affluent neighborhoods. Positioned at the base of a 440-unit luxury residential tower and surrounded by high-rise buildings, this corner unit offers unparalleled exposure to heavy foot traffic, destination visitors, and a stable high-income local population. **Former Use:** Previously occupied by the Original Pancake House for over 25 years. Restaurant infrastructure remains in place, but the space is easily adaptable for other high-value commercial uses. **Ideal Uses:** Restaurant, Coffee Shop, Retail Boutique, Medical, Dental, Chiropractic, Fitness Studio, Spa/Salon, Gallery, or Professional Office. B1-2 zoning offers flexible use potential. **LOCATION ADVANTAGE** **High Traffic + Tourist Magnet:** * Located steps from **Lincoln Park Zoo** (over **3.6 million annual visitors** – free admission all year) * One block from **Green City Market**, **Peggy Notebaert Nature Museum**, **North Pond**, and **Park West Theater** * Constant year-round foot traffic from residents, tourists, eventgoers, and runners/cyclists from the lakefront path * CTA bus stops within 200 feet; 5-minute drive to Lake Shore Drive; short walk to Clark St retail corridor **DEMOGRAPHICS** *(2023 Data — 1 Mile Radius)* * **Population:** 54,000+ * **Households:** 28,500+ * **Median Household Income:** \$132,000+ * **Average Household Income:** \$188,000+ * **Daytime Population (includes workers and visitors):** 90,000+ * **Walk Score:** 96 (“Walker’s Paradise”) * **Bike Score:** 92 * **Transit Score:** 80 **PROPERTY FEATURES** * ±4,650 SF corner commercial condo * Large window line and high ceilings * Existing kitchen infrastructure (grease trap, venting, plumbing – confirm with broker) * Strong visibility with signage potential * In the base of a well-managed 440-unit high-rise condo * Utilities and mechanicals in place; minimal buildout for similar uses * Ideal for both owner-users and long-term investors **CONDO ASSOCIATION NOTES** * **Right of First Refusal applies** (unit sale subject to board review and match rights) * Use restrictions/covenants in place—please inquire * Professionally managed, healthy reserves, stable assessments **Zoning:** B1-2 **Property Use:** Retail | Restaurant | Medical | Office | Service **Available:** Immediately **Sale Type:** Fee Simple Interest **Summary:** With high visibility, rich foot traffic, and direct access to one of Chicago’s highest income, highest density neighborhoods, 2020 N Lincoln Park West presents a rare ownership opportunity in a true legacy location. Whether you’re expanding a brand, opening a flagship, or securing long-term real estate for a stable business model—this offering is a standout.

Property Subtype:

Apartment

Date on Market:

2025-05-31

Channahon Land for Sale - Joliet/Central Will

Retail Lot For Sale Total Available: ±5.6 Acres Versatile Investment Opportunity $495,000

Property Subtype:

Commercial

Date on Market:

2025-05-28

Sleepy Hollow Land for Sale - Far Northwest

Seize the opportunity to develop in one of the most sought-after areas in Sleepy Hallow across from Jewel, next to Spring Hill Mall and Theater. Great visibility on Higgins Road and within minutes of I-90 and Route 31, ensuring high traffic exposure. Approximately 5 acres with 603 ft frontage on IL Rt 72. Property currently zoned B-2: zoning for commercial, retail, office, and/or medical use, health clubs, restaurants banquet facilities. Densely populated area that has 21,000+ vehicles driving past per day. Great opportunity for a developer or investor.

Property Subtype:

Commercial

Date on Market:

2025-05-05

Skokie Retail for Sale - Near North

For sale, the Historic Skokie theatre, 1 & part 2-story, masonry theatre bldg, built in 1912 as a movie theatre, renovated & converted to a live music venue in '06, at a cost of 1.5 million dollars!! bldg is 4,800 sq ft, land is 6,900 sq ft. zoned cx, core mixed-use district. 12,700 vehicles pass this location a day (12,700 VPD) bldg is completely rehabbed. new marquee, facade, upgraded heat and a/c roof, tuckpointing, electric, Full rebuilt stage, lighting & sound equipment. Operational movie screen in place that can be lowered for use, This is a perfectly acoustic concert hall. The conference room is now being used as a studio apt. Price is for Property & Building With All Equipment, This Prime Property is Surrounded by Small Commercial, Retail and Residential Properties. Both small and Large, Unique Opportunity to own this gateway entertainment building at the entrance to the heart of the Village of Skokie Downtown shopping district, Close to area expressways, Area Restaurants & retailers include, Libertad, The Spot Rotary Hotpot, Will's place, Alexanders restaurant, The village inn, Kneads & Wants Artisan Bakery and Cafe, Take flight spirits, Cigar king, Chase Bank. Owner is willing to discuss a sale Leaseback. Do not bother the tenant, Call listing broker for all showings.

Property Subtype:

Freestanding

Date on Market:

2025-03-28

Chicago Retail for Sale - Northwest City

Ideal Storefront Bldg near Loyola University! Investment or Owner - User opportunity at the corner of Devon and Wayne Ave with the ability to expand, develop FAR or combine storefronts. The building is strategically located in booming Edgewater in an area that caters to a diverse and dynamic clientele and Loyola student concentration. 6 storefronts (1 currently combined)with individual HVAC systems. Well maintained building surrounded by lots of new development in addition to student housing that is walking distance to Loyola Campus University Campus and the Lake. Well maintained building. Value add opp with below market rents and future potential FAR and TOD. B3-2 FAR 2

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-02-26

Joliet Specialty for Sale - Joliet/Central Will

Prime investment opportunity or is your business tired or rentin g or you've outgrown your space? This building is approximately 3300 sq. ft. Come see this completely remodeled building with great curb appeal. A very high traffic area. Perfect opportunity for a commercial storage/warehouse or individual units for rental income. There are six bays with front and rear openings. Four bays are 16x25 each with 9ft doors. The remaining two bays are 16x35 and separated by interior walls. Interior doorways separate these spaces. The office is 16x24 and has a bathroom adjacent to it. Recent updates since 2021 include: hydronic liquid filled electric heat in each bay and office. Office area has AC. A fresh paved parking lot, an abundance of parking available, new membrane roof in 2021, sprayed insulation on ceilings, 600 amp electrical service. This property is ready! Per City of Joliet: 328 Barney Drive is zoned B-3 general business district. Any automobile-related use in the B-3 zoning district requires a Special Use Permit. The Special Use Permit process requires two hearings, first with the Zoning Board of Appeals and then the City Council. The process takes approximately two months to complete. This approval process also requires public notice signs and notice letters sent out to property owners within 600 ft. The permitted uses for the B-3 zoning district are below: Retail sale of appliances, auto accessories, bakery goods with baking limited to goods for retail sales on the premises, books or stationery, cameras and photographic supplies, candy or ice cream, computers, drugs, dry goods, electronics, floor coverings, flowers, food, furniture including incidental upholstering, gifts, haberdashery, hardware or paints, home and office furnishings and supplies, jewelry, new clothing and apparel, package liquor, shoes, software, telecommunications equipment and services, video and audio recordings; Service establishments such as banks, brokerage house (excluding pawn shops, payday loan stores, consumer installment licensees, currency exchanges and similar uses), barber shop or beauty shop, business or professional office, clothes cleaning or laundry pickup station, funeral home, private dancing, music, business, trade or vocational school, restaurant, including drive-in, tavern, self-service laundry, telephone exchanges, theatre;* Animal hospital, veterinary clinic or kennel.Bowling alley, pool hall or billiard parlor, dance hall, bar or cocktail lounge, night club, microbrewery, brew pub, and similar enterprises.Carpenter shop, electrical, heating, ventilating, sheet metal or plumbing shop, furniture upholstering shop, printing, publishing, engraving or lithographing plant, laundry and dry cleaning shop, sign painting shop, canvas tenting and awning repair and assembly shop and similar establishments.Laundries, clothes cleaning or dyeing establishments.Building material sales yards, if enclosed on all sides by a solid wall or fence not less than six (6) feet in height;Commercial greenhouses, including accessory outdoor sales of seasonal stock in trade, but only if such items are sold and stored more than one hundred (100) feet from a residential zoning district;Commercial parking lots, subject to the provisions of Section 47-17.17;Motels or motor hotels, subject to the provisions of Section 47-17.17;Wholesale business; * Any retail business with tobacco, video gambling or liquor sales requires approval from Liquor Commissioner. Please call 815-724-3710 to ask about the approval process."

Property Subtype:

Self-Storage

Date on Market:

2024-09-04

Chicago Retail for Sale - Northwest City

Fabulous 3-unit Mixed use building with 2 loft style residential units and 1 retail unit with long term tenant. Roof and tuckpointing been done in last 5-6 years as well as retail level fully rehabbed. Centrally located in the heart of Wicker Park along the bust Milwaukee Ave retail corridor. Steps to the blue line entry at Division Street and Ashland Ave. with access to Kennedy express way within 1/4 mile and bus and Divvy stops right outside building. N issue leasing Area tenants include Dunkin Donuts, Jewel, Lowes, Pet Supplies Plus, Den Theater and many more.

Date on Market:

2024-09-04

Lake Zurich Land for Sale - Central Northwest

Make millions with this prime commercial, mixed-use, or residential development opportunity in Lake Zurich. This is a previously approved opportunity to develop a vibrant mixed-use project in one of the most sought-after locations in Lake Zurich! Strategically positioned at the high-traffic intersection of Route 22 and Quentin Road, this prime corner property has been approved for a dynamic blend of commercial and residential spaces, including: o Gas station for daily convenience o Three retail spaces for high-visibility businesses o Drive-through coffee shop to capture commuter traffic o 56 luxury townhomes offering an exceptional living experience Thriving Location with Built-in Demand. Surrounded by the affluent communities of Lake Zurich, Kildeer, Hawthorn Woods, Long Grove, and Barrington, this site is expected to bring strong market demand. It sits directly across from Mariano’s grocery store, ensuring steady traffic, and benefits from high visibility along both Route 22 and Quentin Road. Residents and businesses alike will enjoy proximity to top-tier schools, including the prestigious Stevenson High School, a state-of-the-art public library, and an abundance of high-quality shopping, dining, and entertainment options. Plus, with Lake Zurich’s scenic beach just moments away, this location offers an unbeatable combination of convenience, luxury, and lifestyle. Flexible Development Potential While approved for the proposed mixed-use plan, this versatile property also presents opportunities for fully commercial or residential developments, for example: o Tech innovation hub – Ideal for an AI research & development center with a data facility o Multi-unit residential community – Cater to the demand for high-end luxurious housing in this prime suburb o Customized commercial or mixed-use project – Adapt to market trends and maximize returns Shovel-Ready & Approved – Start Building Now! All soil tests and environmental reviews are complete, and the Village of Lake Zurich has enthusiastically approved the site for development. This is a rare chance to move quickly on an exceptional investment opportunity in a high-growth market. Don’t miss out—bring your vision to life in the great Village of Lake Zurich!

Property Subtype:

Commercial

Date on Market:

2024-08-21

Chicago Retail for Sale - Northwest City

3014 W Irving Park Road boasts great frontage on Irving Park Road with a traffic count of over 41,000 cars per day. The property has two residential apartments and one retail space. The retail space is occupied by Windy City Playhouse, a fantastic tenant that provides a truly unique theater experience. The theater boasts a substantial build out with capital improvements of approximately $1,100,000. Including a lobby with a bar, stage, theater seating, dressing rooms, kitchen and an extensive amount of lighting. Residential units were gut rehabbed with newer finishes and updated mechanicals and plumbing.

Property Subtype:

Storefront Retail/Residential

Date on Market:

2023-03-23

Kildeer Retail for Sale - Central Northwest

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors, an opportunity to acquire a new construction absolute NNN ground lease with Thorntons in the Chicago MSA. Positioned directly on Rand Road (US Route 12), which sees over 49,700+ VPD, this site comprises a 5,900+ SF convenience store with drive-thru and 15 fuel pumps on a 5.18-acre parcel. With a 20-year primary term, six 5-year options, and 10% rent increases every 5 years, this is an ideal investment for a coupon clipper or an investor desiring zero landlord responsibilities with steady rent increases. The subject property is less than a mile from a major retail corridor (over 1.1 million SF) which includes the Deer Park Town Center, The Shops at Kildeer, Kildeer Village Square, The Quentin Collection, and Town Center Promenade. Major retailers include Best Buy, Dick’s Sporting Goods, William Sonoma, Pottery Barn, Century 16 Theater, Michaels, Nike Factory Store, Nordstrom Rack, Whole Foods, Chick-fil-A, Chipotle, Starbucks, and much more. Positioned within the Chicago MSA (population: 8.9 million) this is an excellent opportunity to purchase a well-located retail ground lease with 20 years of inflation resistant cash flows and 30 years in options.

Property Subtype:

Service Station

Date on Market:

2023-02-08

Chicago Office for Sale - East Loop

A distinguished presence in the Loop since 1914, the Garland Building was converted to office condominiums in 2005 and remains a popular choice for professionals across industries. -22 stories of landmark architecture with updated infrastructure -170+ individual office condos with strong occupancy -Tenant mix: Healthcare, law, consulting, nonprofits, therapists, and financial professionals Amenities include: -Seven passenger elevators + freight elevator -24/7 building access and security -On-site management and concierge services -Conference space access -Steam-based HVAC -Daily janitorial services for common areas Professionally managed, clean, quiet, and well-run

Property Subtype:

Medical

Date on Market:

2025-10-21

Waukegan Office for Sale - Far North

Mon Ami Realty is pleased to exclusively present the incredible value-add opportunity to acquire a bank-anchored office building in the Chicago MSA. 216 W Madison Street in Waukegan, Illinois, is a ±26,875-square-foot multi-tenant office building delivered in 1927 and renovated in 1986. The property sits on a 0.84-acre lot zoned B-4 and includes a covered parking garage for 89 cars. The property is anchored by Old National Bank and is also home to a variety of professional tenants occupying smaller spaces on short-term leases. Old National Bank currently occupies the largest space in the building, 3,200 square feet, and has an additional eight years remaining on its 15-year lease. The property is one block from the historic Genesee Theatre, a famous Waukegan landmark restored in the early 2000s. The theatre serves as a venue for Broadway plays, comedy, and live music. The beautiful Lake Michigan coastline and Waukegan Harbor & Marina are just a few blocks in the other direction. Waukegan is the most populous city in Lake County and serves as the seat of the county government. The property is strategically located directly across from the Lake County Building and Lake County Courthouse and Clerks Office. The Waukegan City Building, Waukegan Public Library, and College of Lake County campus are just a block away. The property is very accessible, as the building is just off Route 137 and near Grand Avenue and Washington Street. The Waukegan Metra rail station is less than a mile from the property. The Union Pacific North (UP-N) Line connects Waukegan to Chicago in just over an hour and also connects Waukegan to Kenosha, Wisconsin. 216 Madison Street in Waukegan, Illinois, presents an investor with an incredible value-add opportunity to acquire a bank-anchored office building and use aggressive lease-up strategies to raise occupancy and create substantial cash flow.

Date on Market:

2022-07-21

Aurora Land for Sale - Western East/West Corr

Located next to Aurora Transit Center last stop of the Metra train to and from Chicago. Less than a quarter-mile from RiverEdge Park (Aurora’s outdoor music venue), Hollywood Casino & Paramount Theater.

Property Subtype:

Commercial

Date on Market:

2019-12-04

Richton Park Land for Sale - Far South

New construction on vacant land suitable for retail, dining, entertainment, hospitality, or mixed-use. One of two Richton Park I-57 Exit properties available for redevelopment along Sauk Trail through a Request for Proposals (RFP) issued by the Village of Richton Park. Request more information on the RFP properties and process at https://richtonpark.org/towncenter. The deadline for RFP submittals is Monday, January 26, 2026. The Village will negotiate a Redevelopment Agreement (RDA) with the selected RFP applicant. The RFP will define the obligations of both the developer and the Village including the terms of sale. A project resulting in the reactivation of the entire site will be an obligation of the developer. Welcome to Your Home. Richton Park is a progressive village in the Chicago south suburbs. We are diverse and thriving, with easy access to the Lakefront via Interstate 57 and the Metra Electric line. Richton Park prides itself in being a safe, tight knit community. Home to the award-winning Southland College Prep, Rich Township Fine Arts Campus, and just ten minutes from Governors State University, Richton Park’s foundation for future growth is rooted in academic excellence. Investment is happening in new businesses. New restaurants and specialty retail cater to the appetites of residents and visitors of all ages. New venues and Village festivals create opportunities for people to come together and make memories. Richton Park fosters a spirit of both community and entrepreneurship. Rich Township High School District 227 Fine Arts Campus (FAC) is located immediately north of the RFP sites. The FAC has a student population of about 2500 students as well as 300 faculty and staff. The FAC also hosts over 100 events per year attracting in excess of 80,000 guests annually to attend major sporting events, multi-day tournaments, performing arts showcases, and graduation. The sites are located near existing national retailers on Sauk Trail including Walmart, Starbucks, McDonalds, Tropical Smoothie Café , Family Dollar and Dollar Tree. Recent investments in the Village span new retail and multifamily construction as well as renovation of multiple existing properties to offer new retail, dining and employment opportunities to residents. Notably, a new specialty bakery and restaurant, Sweet Vegan Bakes, has just opened adjacent to the RFP sites at 3721 Sauk Trail. The RFP sites are part of the Village’s active Town Center redevelopment efforts guided by its 2024 Town Center Plan. There are many active, funded projects that are all expected to be completed in the next two years including environmental assessments, new street design and construction of Richton Road, restoration of demolition sites, design for a one-way to two-way conversion of Richton Rd north of Sauk Trail and site preparations for future RFPs. Request more information on the RFP properties and process at https://richtonpark.org/towncenter. The deadline for RFP submittals is Monday, January 26, 2026.

Property Subtype:

Commercial

Date on Market:

2025-10-23

Princeton Hospitality for Sale - Bureau County

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Econo Lodge Princeton (Hotel’ or ‘Property’) located in Princeton, Illinois. The Choice Hotels International-branded Hotel is being offered on a “Request for Offer” basis. Please contact listing agent for more information. The Econo Lodge Princeton is a two-story hotel with 40 rooms and a two-bedroom apartment with a one-bedroom living suite, located at 2200 North Main Street in Princeton, Illinois. The hotel is easily accessible just off Interstate 80. As of June, the 12-month average RevPAR in the Illinois North Area Hotel Submarket increased by 3.2 percent, indicating robust growth and a lower-risk environment, boosting investor confidence in the asset and thriving market. With a RevPAR Index of 56 percent, the hotel presents untapped potential. Strategic revenue management and marketing initiatives could lift performance, increase room revenues and enhance investor returns. Positioned in the heart of Bureau County, Princeton, Illinois presents a compelling opportunity for hotel investment within a stable and diversified regional market. As the county seat and a key community within the Ottawa–Peru Micropolitan Statistical Area, Princeton benefits from a strategic location along Interstate 80, providing direct access to major urban hubs including the Quad Cities, Peoria, and the greater Chicago metropolitan area. This central position supports consistent transient, commercial, and regional travel throughout north-central Illinois. Princeton’s economy is anchored by a robust base of industrial employers, logistics centers, and healthcare services. Major companies such as L.W. Schneider (1.6 miles), the Ace Hardware Distribution Center (0.7 miles), and Allegion’s LCN Closers (0.8 miles) division generate steady corporate lodging demand. Healthcare also plays a critical role in regional activity, led by OSF HealthCare’s Perry Memorial Hospital (2.7 miles)—a full-service facility that attracts both patient traffic and traveling medical professionals. While Princeton does not host a university campus, Illinois Valley Community College (25.4 miles) in nearby Oglesby contributes to a dependable flow of faculty, students, and visiting families. The city’s revitalized downtown serves as a cultural and commercial draw, with boutique shops, local restaurants, the Amtrak depot, and restored Apollo Theatre (1.9 miles) offering an authentic small-town experience. Princeton hosts several signature events that drive seasonal leisure demand, including the long-running Bureau County Homestead Festival each September, the professional summer theater series Festival 56 (1.8 miles), and the Bureau County Fair (2.4 miles)—celebrating over 165 years of tradition and drawing regional attendance with live entertainment and agricultural showcases. Outdoor recreation remains a key driver of year-round visitation. The Hennepin Canal Parkway State Park (13.7 miles)—just 15 minutes from Princeton—offers more than 100 miles of multi-use trails ideal for biking, hiking, and horseback riding. In-town parks, conservation areas, and nearby waterways expand the area’s appeal to nature-focused travelers, RVers, and extended-stay guests seeking active or family-friendly experiences. Princeton continues to prioritize economic growth through multiple development tools, including a designated Interstate 80 Tax Increment Financing (TIF) district, two shovel-ready industrial parks, and participation in the Bureau/Putnam Enterprise Zone, which provides property tax abatements and sales tax incentives for qualifying investments. The city also offers local grant programs that support downtown renovation and tourism-driven business activity.

Property Subtype:

Hotel

Date on Market:

2025-08-13