East Side Retail Center For Sale

10226 South Indianapolis Avenue, Chicago, IL 60617

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For Sale

$2,750,000

Stabilized 7-unit retail center with value-add potential in Chicago.

Type:Retail

Property size:

14,601 SF

Price / SF:

$188/SF

HighLights

Stabilized 7‑unit retail center offering immediate income with only 1,075 SF available.
Value‑add opportunity with flexible floor plan and potential for expansion.
Significant amenity: 36‑space parking lot.
Built in 2012, minimizing immediate capital expenditure needs.
Strategic location in Chicago's East Side, near I‑90, Calumet Industrial Corridor, and Port of Chicago.
Big Pawn tenant willing to vacate or sign a 5‑year lease, providing flexibility.

We can help!

Listing Contact

Samuel Silveira

For Sale

$2,750,000

Stabilized 7-unit retail center with value-add potential in Chicago.

Type:Retail

Property size:

14,601 SF

Price / SF:

$188/SF

Added:: Mar 6, 2026
Days on Market:: 101
Last Refresh:: Apr 6 at 12:16 am

Property Features for 10226 South Indianapolis Avenue

General Information

Standard status: Active
Size: 14,601 SF
Property subtype: Retail

Building Details

Year Built: 2012

We can help!

Listing Contact

Samuel Silveira

Listing agent Samuel Silveira License #IL 475130924

Listing office SVN | Chicago Commercial

Listing date Mar 6, 2026

Source Svn

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SVN | Chicago Commercial

HighLights

Stabilized 7‑unit retail center offering immediate income with only 1,075 SF available.
Value‑add opportunity with flexible floor plan and potential for expansion.
Significant amenity: 36‑space parking lot.
Built in 2012, minimizing immediate capital expenditure needs.
Strategic location in Chicago's East Side, near I‑90, Calumet Industrial Corridor, and Port of Chicago.
Big Pawn tenant willing to vacate or sign a 5‑year lease, providing flexibility.

Overview

This 7-unit retail center is located in Chicago's East Side neighborhood. Constructed in 2012 by the current owner, the property features a flexible floor plan that can be expanded into further units. A 36-space parking lot serves the center. With only 1,075 square feet currently available, the property offers both stability and a value-add component. The Big Pawn tenant is willing to vacate upon sale or sign a 5-year lease. The property also features a drive-in door in the largest suite. Chicago’s East Side neighborhood is a historically rooted community located on the city’s southeastern edge, bordered by the Calumet River and the Indiana state line, and it is just minutes from the Chicago Skyway (I-90), providing easy access. Known for its strong working-class character and rich industrial heritage, the East Side offers a mix of affordable housing, commercial corridors, and access to major transit and logistics infrastructure. The area is highly diversified in its composition, featuring local retail and expansive green spaces like Calumet Park and Wolf Lake. It is adjacent to the Calumet Industrial Corridor and Port of Chicago, positioning it well for future growth and redevelopment. The location benefits from 45,000 vehicles per day.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$315.4k	$21.60
− Vacancy	−$26.8k	−$1.84
EGI	$288.6k	$19.76
− OpEx	−$86.6k	−$5.93
NOI	$202.0k	$13.83

14,601 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.89M

$2.53M – $3.37M (±1% cap)

NOI $202,002 @ 7.0% cap · market cap 7.35%

Second Best

—

no second resolved use

Theoretical Best

Office A

$6.88M

$6.02M – $8.03M (±1% cap)

NOI $481,903 @ 7.0% cap · market cap 17.52%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Big Pawn Discount Store

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.532
Latitude: 41.7093

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For sale
Shopping centers
IL
Chicago
60617
10226 South Indianapolis Avenue

What type of property is this?

Shopping center - Stabilized 7-unit retail center with value-add potential in Chicago.

Where is this shopping center located?

The property is located at 10226 South Indianapolis Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: Stabilized 7‑unit retail center offering immediate income with only 1,075 SF available.; Value‑add opportunity with flexible floor plan and potential for expansion.; Significant amenity: 36‑space parking lot.