Single-Tenant Retail Store Net
17910 Halsted Street, Homewood, IL 60430
Fee simple retail investment offered as a net lease with landlord responsibilities limited under NNN terms.
Type:Retail
Property size:
22,000 SFPrice / SF:
$164/SF- Added:
- Jun 18, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 24 at 3:14 am
Property Features for 17910 Halsted Street
General Information
- Standard status
- Active
- Size
- 22,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing office CBRE - Oak Brook
Listing date Jun 18, 2026
Source Crexi
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 - Oak Brook
HighLights
- Fee simple interest in a 22,000 SF Ross Dress for Less retail property in Washington Park Plaza (Homewood, IL).
- Single tenant: Ross Stores, Inc. (investment grade tenant), with an A-/Stable S&P credit rating.
- Net lease structure with landlord responsibility limited under NNN terms.
- Located in Washington Park Plaza, which draws approximately 2.9 million annual visitors.
- Ross Stores had fiscal year ending January 2025 sales of $21.1 billion.
Overview
This offering presents the fee simple interest in a 22,000-square-foot Ross Dress for Less retail store within Washington Park Plaza. The property is leased to Ross Stores, Inc. under a net (NN) structure with landlord responsibility limited under NNN terms. The asset provides a single-tenant retail configuration built for an off-price apparel business model.
Located at 17910 Halsted Street in Homewood, IL, the store is situated within Washington Park Plaza, which the remarks state attracts approximately 2.9 million annual visitors. The center’s tenant mix includes nearby national retailers listed in the offering materials: Best Buy, Ross, Five Below, Petco, and Old Navy.
For investors and tenant-oriented operators seeking a stabilized retail platform, the lease is supported by Ross Stores, Inc., identified in the materials as having an A-/Stable S&P credit rating. Ross Stores operates two discount clothing chains and sells mostly closeout merchandise across men’s, women’s, and children’s apparel, along with select accessories and small furnishings. This combination of a single-tenant net lease structure and an investment-grade corporate tenant can align with buyers looking for an institutional-style retail holding with limited landlord obligations.
Located at 17910 Halsted Street in Homewood, IL, the store is situated within Washington Park Plaza, which the remarks state attracts approximately 2.9 million annual visitors. The center’s tenant mix includes nearby national retailers listed in the offering materials: Best Buy, Ross, Five Below, Petco, and Old Navy.
For investors and tenant-oriented operators seeking a stabilized retail platform, the lease is supported by Ross Stores, Inc., identified in the materials as having an A-/Stable S&P credit rating. Ross Stores operates two discount clothing chains and sells mostly closeout merchandise across men’s, women’s, and children’s apparel, along with select accessories and small furnishings. This combination of a single-tenant net lease structure and an investment-grade corporate tenant can align with buyers looking for an institutional-style retail holding with limited landlord obligations.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $475.2k | $21.60 |
| − Vacancy | −$39.0k | −$1.77 |
| EGI | $436.2k | $19.83 |
| − OpEx | −$130.9k | −$5.95 |
| NOI | $305.4k | $13.88 |
22,000 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.36M
$3.82M – $5.09M
NOI $305,364 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.60M
$6.65M – $8.86M
NOI $531,692 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Ross Dress for Less
Men'S Clothing Store
Amazon Locker - Ibn
Postal Service
Amazon Hub Locker ...
Postal Service
Location Insight
- Map
- Local Demand
- City
- Homewood
- County
- Cook
- State
- Illinois
- Longitude
- -87.6385765
- Latitude
- 41.5647919
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Fee simple retail investment offered as a net lease with landlord responsibilities limited under NNN terms.
Where is this storefront property located?
The property is located at 17910 Halsted Street Homewood, IL.
What is the asking price?
The asking price for this property is $3,623,000.
What are key features of this property?
This property features: Fee simple interest in a 22,000 SF Ross Dress for Less retail property in Washington Park Plaza (Homewood, IL).; Single tenant: Ross Stores, Inc. (investment grade tenant), with an A-/Stable S&P credit rating.; Net lease structure with landlord responsibility limited under NNN terms.
