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5-Tenant Retail Strip Mall
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2550 W 94th Street, Evergreen Park, IL 60805

NN+ lease structures support limited landlord responsibilities across the center.

Property SizeContact for details
Days on Market145

Property Features for 2550 W 94th Street

General Information

Standard status Active
Property subtype Retail

Building Details

Tenancy Multi
Listing Agency: Marcus & Millichap - Chicago Downtown
Listed By: Nicholas Kanich · License #IL 476.147401
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 1:48PM

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 Marcus & Millichap - Chicago Downtown

Investment Insights

Based on property information with market context.

This five-tenant retail center is located at 2550 W 94th Street in Evergreen Park, Illinois. The property offers a multi-tenant retail configuration with a diversified tenant roster and NN+ lease structures that limit ongoing landlord responsibilities.

The center sits within the Chicago MSA and a retail corridor characterized by little vacancy. Its leases have 4.92 years of NOI-weighted primary term remaining, providing a defined period of contractual occupancy across the tenant base. The property is offered as a fee simple interest.

Key Highlights

  • Five‑tenant retail strip center
  • 4.92 years of NOI‑weighted primary term remaining
  • NN+ leases with minimal landlord responsibilities

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Restaurant

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,561
Businesses Nearby
461k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 30% Shops & Services 20% Dining 17% Home Improvements & Furnishings 16%
Walmart Superstores
136,394 visits/mo 0.2 miles
Menards Home Improvements & Furnishings
73,302 visits/mo 0.2 miles
Meijer Groceries
67,960 visits/mo 0.0 miles
McDonald's Dining
33,822 visits/mo 0.1 miles
Dollar Tree Shops & Services
30,164 visits/mo 0.2 miles

Demographics for 60805, IL

19,945
Population
7,707
Households
2.6
Avg Household Size
39
Median Age
43%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,866
Density / Sq Mi
$95,738
Median Household Income
$55,760
Median Earnings
$1,425
Median Rent
$255,700
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?
Strip mall - NN+ lease structures support limited landlord responsibilities across the center.
Where is this strip mall located?
The property is located at 2550 W 94th Street Evergreen Park, IL.
What are key features of this property?
This property features: Five‑tenant retail strip center; 4.92 years of NOI‑weighted primary term remaining; NN+ leases with minimal landlord responsibilities
(312) 327-5422 Call to check price and availability
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