Absolute NNN Retail
9820 Ridgeland Ave Chicago Ridge, IL 60415
For Sale
Contact for pricing
Absolute NNN retail property offered with 11+ years remaining under a long-term lease and scheduled rent escalations.
Property Size8,925 SF
Price / SF$1,050
Days on Market560
Property Features for 9820 Ridgeland Ave
General Information
Standard status
Active
Size
8,925 SF
Property subtype
RETAIL
Listing Agency:
Northmarq | Chicago (East Wacker Dr)
(312) 858-6725
Listed By:
Mark Lovering · License #471019332
(918) 494-2692
Source:
Moodyscre
Added: Jan 16, 2025
Changed: Jul 25
Last Checked: Jul 29 at 4:10PM
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 absolute NNN retail storefront is offered for sale with a long-term lease in place and 11+ years of lease term remaining. The lease includes annual rent escalations described as exceeding retail market averages, supporting growth in cash flow over the remaining term.
The property is positioned on a highly trafficked retail corridor with major surrounding retail, described as an outlot to Chicago Ridge Mall. The public remarks also note strong local demand indicators, including high-density demographics.
The offering is presented as benefiting from Illinois’s limited cannabis licensure environment, with the property described as having performed strongly within that framework. No additional tenant, building, or unit-level details were provided.
The property is positioned on a highly trafficked retail corridor with major surrounding retail, described as an outlot to Chicago Ridge Mall. The public remarks also note strong local demand indicators, including high-density demographics.
The offering is presented as benefiting from Illinois’s limited cannabis licensure environment, with the property described as having performed strongly within that framework. No additional tenant, building, or unit-level details were provided.
Key Highlights
- Absolute NNN retail property with 11+ years remaining on a long‑term lease
- Scheduled annual rent escalations with increases exceeding retail market averages
- Single‑tenant NNN structure: tenant pays expenses under an absolute NNN lease (based on provided remarks)
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN retail property offered with 11+ years remaining under a long-term lease and scheduled rent escalations.
Where is this nnn property 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: Absolute NNN retail property with 11+ years remaining on a long‑term lease; Scheduled annual rent escalations with increases exceeding retail market averages; Single‑tenant NNN structure: tenant pays expenses under an absolute NNN lease (based on provided remarks)
