Shopping Center With Convenience
For Sale
Contact for pricing
7550 W Addison St, Chicago, IL 60634
80%-occupied shopping center anchored by a convenience store, with side street and private behind-building parking.
Property SizeContact for details
Days on Market120
Property Features for 7550 W Addison St
General Information
Standard status
Active
Property subtype
Retail
Occupancy
80%
Additional Details
Cap Rate
8%
Building Details
Tenancy
Multi
Listing Agency:
Golden Group Commercial Real Estate
Listed By:
Troy Golden · License #IL
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 3:46AM
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 Golden Group Commercial Real Estate
Investment Insights
Based on property information with market context.
This shopping center is an 8% cap investment opportunity with approximately 80% occupancy by seven tenants. The property is anchored by a convenience store identified as “Addison Liquor,” and includes other established businesses such as a Mexican restaurant, an insurance company, an aquarium store, an advertising company, and private social clubs.
The center offers free side street parking and a private parking lot behind the building. Public remarks also note that many tenants have been in place for years, indicating operational stability.
A new lease is being negotiated that would add $9,000 in gross annual income for a new owner, according to the offering remarks.
The center offers free side street parking and a private parking lot behind the building. Public remarks also note that many tenants have been in place for years, indicating operational stability.
A new lease is being negotiated that would add $9,000 in gross annual income for a new owner, according to the offering remarks.
Key Highlights
- 80% occupied shopping center at 7532–7550 W Addison Ave, Chicago with 7 tenants
- Anchored by convenience store “Addison Liquor”
- Tenant mix includes Mexican restaurant, insurance company, aquarium store, advertising company, and private social clubs
Property Analytics
Current Use
Lease Details
80%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
87k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 34%
Electronics 4%
McDonald's
Dining
30,205 visits/mo
0.4 miles
BP
Shops & Services
17,718 visits/mo
0.5 miles
Starbucks
Dining
13,460 visits/mo
0.4 miles
Taco Bell
Dining
7,993 visits/mo
0.5 miles
Dollar General
Shops & Services
7,037 visits/mo
0.5 miles
Demographics for 60634, IL
75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
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Similar Off Market Nearby
- M&R Plaza — 3332 N Harlem Ave, Chicago, IL 60634
- Harlem Irving Plaza — 4104 N Harlem Ave, Norridge, IL 60706
- Mall Cejas — Harlem Irving Plaza, Norridge, IL 60706
- Penelope's Plaza — N Harlem Ave, Chicago, IL 60634
- Mani — 7113 W Addison St, Chicago, IL 60634
Frequently Asked Questions
What type of property is this?
Shopping center - 80%-occupied shopping center anchored by a convenience store, with side street and private behind-building parking.
Where is this shopping center located?
The property is located at 7550 W Addison St Chicago, IL.
What are key features of this property?
This property features: 80% occupied shopping center at 7532–7550 W Addison Ave, Chicago with 7 tenants; Anchored by convenience store “Addison Liquor”; Tenant mix includes Mexican restaurant, insurance company, aquarium store, advertising company, and private social clubs
