Former Neighborhood Market
For Sale
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2531-2551 W Cermak Rd, Chicago, IL 60608
Former Walmart Neighborhood Market in a shopping center, built in 1987 and located along a CTA bus route.
Property Size37,504 SF
Days on Market572
Property Features for 2531-2551 W Cermak Rd
General Information
Standard status
Active
Size
37,504 SF
Property subtype
RETAIL
Zoning
PD 321
Site & Location
Neighborhood
Near South Side
Additional Details
Business Included
No
Building Details
Year Built
1987
Listing Agency:
CBRE | Chicago
(312) 935-1400
Listed By:
Jim Sakanich
(847) 572-1455
Source:
Moodyscre
Added: Apr 8, 2025
Changed: Oct 25
Last Checked: Oct 30 at 5:28PM
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 CBRE | Chicago
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Investment Insights
Based on property information with market context.
This property is a former Walmart Neighborhood Market retail facility within Cermak Plaza. The center was built in 1987 and the site is zoned PD 321, offering a defined framework for redevelopment within that planned district.
The property sits along CTA bus route #21, providing transit-oriented access for customers and employees.
As an existing retail anchor space in a shopping center setting, the building is suited for continued neighborhood-oriented commercial use depending on redevelopment plans consistent with the PD 321 zoning designation.
The property sits along CTA bus route #21, providing transit-oriented access for customers and employees.
As an existing retail anchor space in a shopping center setting, the building is suited for continued neighborhood-oriented commercial use depending on redevelopment plans consistent with the PD 321 zoning designation.
Key Highlights
- Former Walmart Neighborhood Market at Cermak Plaza
- Built in 1987
- Zoned PD 321
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,543
Businesses Nearby
190k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 45%
Electronics 3%
Dollar Tree
Shops & Services
29,998 visits/mo
0.1 miles
Dunkin' Donuts
Dining
15,231 visits/mo
0.2 miles
Speedway
Shops & Services
14,019 visits/mo
0.2 miles
Church's Chicken
Dining
13,470 visits/mo
0.4 miles
Little Caesars Pizza
Dining
13,456 visits/mo
0.2 miles
Demographics for 60608, IL
75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
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Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- La Familia Market — 2300 W 23rd St, Chicago, IL 60608
- Cermak market — 2830 W Cermak Rd, Chicago, IL 60623
- Sucursal De Iguala Guerrero — 2714 W Cermak Rd, Chicago, IL 60608
- Super Mercado Gonzalez — 2158 W 21st Pl, Chicago, IL 60608
- Super Mercados El Güero cermak — 2101 W Cermak Rd, Chicago, IL 60608
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Former Walmart Neighborhood Market in a shopping center, built in 1987 and located along a CTA bus route.
Where is this grocery and convenience store located?
The property is located at 2531-2551 W Cermak Rd Chicago, IL.
What are key features of this property?
This property features: Former Walmart Neighborhood Market at Cermak Plaza; Built in 1987; Zoned PD 321
