Listing Agency: Northmarq | Chicago (East Wacker Dr) Show Phone

Listed By: Mark Lovering · License #471019332 Show Phone

Source: Moodyscre

Added: Jan 16, 2025 Changed: Jul 10 Last Checked: Jul 21 at 6:43AM

Report an Issue

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 Northmarq | Chicago (East Wacker Dr)

Investment Insights

Based on property information with market context.

This 4,940 square foot retail property is located in Northlake, Illinois. It benefits from a long-term, absolute NNN lease with annual rent increases and a corporate guaranty from a publicly traded multi-state operator. The property underwent a full renovation in 2023, with significant investment from the tenant. Situated in a highly trafficked retail corridor, the property offers excellent visibility and local and regional access within a strong industrial market. It is located near Chicago O’Hare International Airport and public transportation. This acquisition opportunity is located within the Chicago MSA and benefits from strong demographics and an expanding cannabis market in a limited-license state.

Key Highlights

• Long‑Term, Absolute NNN Lease W/ Annual Rent Increases
• Corporate Guaranty from Publicly Traded Multi‑State Operator
• Full 2023 Property Renovation w/ Significant Tenant Investment**

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Veterinary Clinic Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

543

Businesses Nearby

305k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 77% Shops & Services 12% Dining 11%

Walmart Superstores

122,108 visits/mo 0.2 miles

Sam's Club Superstores

112,165 visits/mo 0.3 miles

Sam's Club Gas Station Shops & Services

35,720 visits/mo 0.3 miles

Portillo's Dining

34,083 visits/mo 0.3 miles

City Electric Supply Home Improvements & Furnishings

636 visits/mo 0.3 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Retail space - Retail property in Northlake, Illinois, with long-term NNN lease.

Where is this retail space located?

The property is located at 39 W N Ave Northlake, IL.

What is the asking price?

The asking price for this property is $3,603,086.

What are key features of this property?

This property features: Long‑Term, Absolute NNN Lease W/ Annual Rent Increases; Corporate Guaranty from Publicly Traded Multi‑State Operator; Full 2023 Property Renovation w/ Significant Tenant Investment**