Renovated Multi-Tenant Strip
For Lease
Contact for pricing
1501-1527 West North Avenue, Melrose Park, IL 60160
Multi-suite retail center with available spaces and prominent corner signage at a signalized intersection.
Space Size2,069 SF - 8,600 SF
Property Size41,925 SF
Days on Market143
Property Features for 1501-1527 West North Avenue
General Information
Standard status
Active
Size
2,069 SF - 8,600 SF
Net Rentable
1,860 SF
Property subtype
Retail - Strip
Space & Availability
Available Space
1,860-8,600 SF
Space Use
Retail
Site & Location
Corner Location
Yes
Traffic Count
48,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
dual-sided pylon signage
Building Details
Building Size
41,925 SF
Year Renovated
2011
Units
11
Tenancy
Multi
Spaces For Lease
at 1501-1527 West North Avenue Contact us1505 Immediate
Size
2,069 SF
Type
Retail
Rate
Contact for pricing
Lease Type
NNN
Sublease
No
Renewal Option
Yes
1519 Immediate
Size
8,600 SF
Type
Retail
Rate
Contact for pricing
Lease Type
NNN
Sublease
No
Renewal Option
Yes
Listing Agency:
Frontline Real Estate Partners
Listed By:
Matthew Tarshis · License #471022713
(847) 542-9058
Source:
Commercialcafe
Added: May 30
Changed: Oct 17
Last Checked: Oct 19 at 4:29AM
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 Frontline Real Estate Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-tenant strip mall contains approximately 42,000 SF and was renovated in 2011. Four vacancies are available, ranging from 1,860 - 8,600 SF, providing several suite-size options within the center. Dual-sided pylon signage serves the property’s corner position, while 277’ of North Avenue frontage supports retail exposure.
The center occupies the northwest corner of North Avenue and 15th Avenue, a signalized intersection in Melrose Park’s primary trade area. The location records Approx. 48,000 VPD and is 4 miles from O’Hare International Airport and 3.5-miles from the Interstate-290/294 interchange. Nearby retail includes Costco, Target, Jewel-Osco, ALDI, Cinemark Melrose Park, Walgreens, Best Buy, Burlington, Ross Dress 4 Less, and numerous food and service operators.
The center occupies the northwest corner of North Avenue and 15th Avenue, a signalized intersection in Melrose Park’s primary trade area. The location records Approx. 48,000 VPD and is 4 miles from O’Hare International Airport and 3.5-miles from the Interstate-290/294 interchange. Nearby retail includes Costco, Target, Jewel-Osco, ALDI, Cinemark Melrose Park, Walgreens, Best Buy, Burlington, Ross Dress 4 Less, and numerous food and service operators.
Key Highlights
- Approximately 42,000 SF multi‑tenant retail center
- Four (4) vacancies ranging from 1,860 - 8,600 SF
- Renovated in 2011
Property Analytics
Current Use
Lease Details
48,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
162k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Leisure 34%
Groceries 18%
Shops & Services 9%
Cinemark Melrose Park And Xd
Leisure
55,153 visits/mo
0.4 miles
Aldi
Groceries
29,654 visits/mo
0.3 miles
Olive Garden
Dining
24,688 visits/mo
0.3 miles
Chili's Grill & Bar
Dining
16,368 visits/mo
0.4 miles
AutoZone
Shops & Services
9,333 visits/mo
0.1 miles
Demographics for 60160, IL
24,776
Population
8,947
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
71%
High-School Grad
4.6 sq mi
ZIP Area
5,386
Density / Sq Mi
$64,740
Median Household Income
$39,722
Median Earnings
$1,194
Median Rent
$265,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Multi-suite retail center with available spaces and prominent corner signage at a signalized intersection.
Where is this strip mall located?
The property is located at 1501-1527 West North Avenue Melrose Park, IL.
What are key features of this property?
This property features: Approximately 42,000 SF multi‑tenant retail center; Four (4) vacancies ranging from 1,860 - 8,600 SF; Renovated in 2011
