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    9820 Ridgeland Ave Chicago Ridge, IL 60415

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    For Sale
    $9,379,244

    NNN leased retail property with long term tenant.

    Property size:
    8,925 SF
    Lot size:
    0.91 Acres

    Property Features for 9820 Ridgeland Ave

    General Information

    Size
    8,925 SF
    Lot size
    0.91 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

    Chicago Ridge Retail Investment Opportunity

    This retail property features a long-term absolute NNN lease with over 11 years of lease term remaining. The lease includes annual rent escalations. The property is located in a highly trafficked retail corridor near major retailers as an outlot to Chicago Ridge Mall. The surrounding area has excellent demographics and a high-density corridor. The property is located at 9820 Ridgeland Ave, Chicago Ridge, IL and has 8,925 square feet of space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Ascend Cannabis Dispensary ... Cannabis Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.7801762
    Latitude
    41.7143684

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    FAQs

    What type of property is this?
    Retail space - NNN leased retail property with long term tenant.
    Where is this retail space located?
    The property is located at 9820 Ridgeland Ave Chicago Ridge, IL.
    What is the asking price?
    The asking price for this property is $9,379,244.
    What are key features of this property?
    This property features: - Long Term Absolute NNN Lease with 11+ Years of Lease Term Remaining; - Aggressively Growing Cash Flow and Return of Principal; - Incredible Cannabis Success In Limited Licensure State - Illinois | **Distinct Locational Competitive Advantage**
    (312) 240-0127
    Request Owner's contact information
    9820 Ridgeland Ave Chicago Ridge, IL 60415
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    Chicago Ridge, IL 60415
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    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
    9820 Ridgeland Ave Chicago Ridge, IL 60415
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