Unanchored Neighborhood Retail
For Sale
$5,165,000
13957-14009 S Bell Rd, Homer Glen, IL 60491
Fee-simple sale of two unanchored neighborhood retail strips with eight tenants currently 100% occupied.
Property Size14,700 SF
Price / SF$351.36
Days on Market56
Property Features for 13957-14009 S Bell Rd
General Information
Standard status
Active
Size
14,700 SF
Property subtype
Shopping Strip
Amenities
Well Located Eight-Tenant Retail Center Featuring an Optimal Tenant Mix of Food, Medical and Necessity Retailers
Strategic Positioning in a Dense Retail Node Proximate to Home Depot, Meijer, Menard's and Jewel
Strong Rent Increases Woven through the Rent Roll, Effecting a 21 Basis Point Increase in the Cap Rate Between Year One and Year Two
Over 4½ years of Weighted Average Lease Term
Optimal Unit Sizing, Shallow Depth Bay Suites with Excellent Visibility from Bell Road
The Properties Feature Two Internally Illuminated Monument Signs
Homer Glen is a High-Income Suburb of Chicago, located in Will County with Household Incomes Pushing $150,000 Annually
Average Daily Traffic Counts of Over 17,000 Cars per Day with Multiple Access Points
Building Details
Building Size
14,700 SF
Year Built
2006
Listing Agency:
Marcus & Millichap - Chicago Downtown
Listed By:
Mitchell Kiven · License #License(s): IL: 475.164486
(312) 624-7006
Source:
Marcusmillichap
Added: Jul 15
Changed: Aug 14
Last Checked: Sep 8 at 3:32AM
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 Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
This offering presents the fee simple interest in a pair of class A unanchored neighborhood strip retail properties in Homer Glen, Illinois. The center is configured as an eight-tenant neighborhood retail setup and is currently 100% occupied and stabilized, with a weighted average lease term of 4.0 years. The rent roll includes fixed rent increases between Year One and Year Two.
The properties sit as an outparcel to a larger development that includes Meijer, ALDI, and Home Depot. Shared access drives and prominent signage support convenient customer circulation, and the site is located between Bell Road and the signalized intersection at Bell and Glengary. The property is described as visible to just over 17,000 vehicles per day.
Tenant suite sizes average below 2,000 square feet, and the shallow bays are referenced as supporting an efficient configuration for neighborhood retail use. The listing describes an optimal tenant mix including food, medical, and other necessity retail.
The properties sit as an outparcel to a larger development that includes Meijer, ALDI, and Home Depot. Shared access drives and prominent signage support convenient customer circulation, and the site is located between Bell Road and the signalized intersection at Bell and Glengary. The property is described as visible to just over 17,000 vehicles per day.
Tenant suite sizes average below 2,000 square feet, and the shallow bays are referenced as supporting an efficient configuration for neighborhood retail use. The listing describes an optimal tenant mix including food, medical, and other necessity retail.
Key Highlights
- Fee‑simple sale of two unanchored neighborhood retail strips in Homer Glen, IL (Will County)
- 8‑tenant property built in 2006, currently 100% occupied and stabilized
- 4.5‑year weighted average lease term with tenant mix including food and medical/necessity retailers
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
308k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 34%
Home Improvements & Furnishings 22%
Dining 21%
Shops & Services 21%
Meijer
Groceries
53,196 visits/mo
0.4 miles
Menards
Home Improvements & Furnishings
38,494 visits/mo
0.1 miles
Jewel-Osco
Groceries
34,122 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
28,933 visits/mo
0.3 miles
Starbucks
Dining
20,362 visits/mo
0.2 miles
Demographics for 60491, IL
22,999
Population
7,846
Households
2.9
Avg Household Size
45
Median Age
38%
College-Educated
92%
High-School Grad
25.6 sq mi
ZIP Area
898
Density / Sq Mi
$132,788
Median Household Income
$60,770
Median Earnings
$1,604
Median Rent
$404,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Fee-simple sale of two unanchored neighborhood retail strips with eight tenants currently 100% occupied.
Where is this strip mall located?
The property is located at 13957-14009 S Bell Rd Homer Glen, IL.
What is the asking price?
The asking price for this property is $5,165,000.
What are key features of this property?
This property features: Fee‑simple sale of two unanchored neighborhood retail strips in Homer Glen, IL (Will County); 8‑tenant property built in 2006, currently 100% occupied and stabilized; 4.5‑year weighted average lease term with tenant mix including food and medical/necessity retailers
