Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    39 W 39Th Ave N Northlake, IL 60165

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,603,086

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

    Property size:
    4,940 SF
    Lot size:
    0.45 Acres

    Property Features for 39 W 39Th Ave N

    General Information

    Size
    4,940 SF
    Lot size
    0.45 Acres

    Source: Northmarq | Chicago (East Wacker Dr) Agent Christian Tremblay

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

    Overview

    Northlake Retail Property For Sale

    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.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Northlake
    County
    Cook
    State
    Illinois
    Longitude
    -87.88112
    Latitude
    41.89756

    Nearby Similar for Sale

    • $725,000
      2,853 SF

      Northlake Mixed-Use Investment Opportunity

      High-visibility mixed-use property with diverse income streams in Northlake, IL.
      216 E North Ave, Northlake, IL 60164
      View Details
    • $150,000
      2,853 SF

      Established Pizzeria Business Opportunity

      Pizzeria business for sale in prime Northlake location.
      216 E North Ave, Northlake, IL 60164
      View Details
    • $3,862,500
      4,940 SF

      Northlake Retail Investment Opportunity

      NNN Leased Cannabis Dispensary, High NOI
      39 North Ave, Northlake, IL 60164
      View Details
    • $749,900
      2,853 SF

      216 North Ave, Northlake, IL 60164

      Commercial real estate • 2,853 SF
      216 North Ave, Northlake, IL 60164
      View Details

    FAQs

    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 39Th Ave N 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**
    (312) 240-0127
    Request Owner's contact information
    39 W 39Th Ave N Northlake, IL 60165
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    39 W 39Th Ave N
    Northlake, IL 60165
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    39 W 39Th Ave N Northlake, IL 60165
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.