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Two-Unit Retail Center
For Sale
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Pending

1741 E Chestnut St, Canton, IL 61520

C-zoned center combines an established grocery tenancy with additional retail space.

Property SizeContact for details
Days on Market140

Property Features for 1741 E Chestnut St

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Frontline Real Estate Partners
Listed By: Matthew Tarshis · License #IL 481011744
Source: Crexi
Added: Apr 13 Changed: Aug 29 Last Checked: Aug 29 at 5:12PM

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

Investment Insights

Based on property information with market context.

This two-unit shopping center contains 40,668 square feet in a building completed in 1971. The occupied unit measures 29,952 square feet and is leased to Kroger, which has operated at the property since construction. The second unit provides 10,716 square feet of former pharmacy space. The property is zoned C and occupies a 3.82-acre parcel.

Site improvements include pylon signage along Chestnut Street and a 285-space surface parking field. Kroger’s lease runs through August 2027 and includes two five-year extension options. The parking ratio is 3.56 spaces per 1,000 square feet, supporting the center’s existing retail configuration.

Key Highlights

  • 40,668‑square‑foot shopping center across 2 units
  • 29,952‑square‑foot Kroger tenancy with lease term through August 2027
  • 10,716 square feet of former pharmacy space

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Law Firm Spa & Massage Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

96
Businesses Nearby
Well-served
Demand for This Use

Demographics for 61520, IL

16,156
Population
7,301
Households
2.2
Avg Household Size
43
Median Age
16%
College-Educated
89%
High-School Grad
152.0 sq mi
ZIP Area
106
Density / Sq Mi
$56,618
Median Household Income
$35,240
Median Earnings
$814
Median Rent
$116,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - C-zoned center combines an established grocery tenancy with additional retail space.
Where is this shopping center located?
The property is located at 1741 E Chestnut St Canton, IL.
What are key features of this property?
This property features: 40,668‑square‑foot shopping center across 2 units; 29,952‑square‑foot Kroger tenancy with lease term through August 2027; 10,716 square feet of former pharmacy space
(847) 780-8062 Call to check price and availability
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