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Absolute NNN Retail Lease
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2900 N Sheffield Ave, Chicago, IL 60657

Absolute NNN retail property with 2.25% annual rental escalations and over seven years remaining on primary lease.

Property Size1,126 SF
Price / SF$3,818
Days on Market238

Property Features for 2900 N Sheffield Ave

General Information

Standard status Active
Size 1,126 SF
Property subtype RETAIL
Listing Agency: The Boulder Group - Corporate
Listed By: Randy Blankstein · License #471005983
Source: Moodyscre
Added: Jan 16 Changed: Aug 14 Last Checked: Sep 10 at 10:40AM

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 The Boulder Group - Corporate

Investment Insights

Based on property information with market context.

This absolute NNN retail property is available for sale at 2900 N Sheffield Ave in Chicago. The offering features a covered land play structure with no landlord responsibilities, and it includes more than 7 years remaining on the primary lease term. Rental payments are supported by significant 2.25% annual escalations, alongside a successful operating history dating back to 1985.

The property is positioned in Chicago’s Lakeview area and described as part of the highly sought-after Wrigleyville neighborhood. Area demand is supported by local traffic draws including Advocate Illinois Masonic Medical Center (397 beds), Advocate Outpatient Center, Belmont Harbor, Diversey Harbor, Jewel-Osco, Whole Foods, and Wrigley Field. The remarks also cite 106,000+ people living within one mile and an average household income of $183,000+ within one mile.

The site is approximately 1,126 square feet, as provided in the listing information.

Key Highlights

  • Absolute NNN retail property with no landlord responsibilities
  • Over 7 years remaining on the primary lease term
  • 2.25% annual rental escalations

Property Analytics

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Current Use

Enterprise Rent-A-Car Car Rental Facility

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Law Firm Grocery & Convenience Store Home Appliance Store Auto Parts 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

7,957
Businesses Nearby
398k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 29% Dining 26% Groceries 24% Superstores 8%
Trader Joe's Groceries
43,874 visits/mo 0.4 miles
Target Superstores
33,595 visits/mo 0.5 miles
The Home Depot Home Improvements & Furnishings
30,960 visits/mo 0.3 miles
Binny's Beverage Depot Groceries
26,649 visits/mo 0.3 miles
The Fresh Market Groceries
23,763 visits/mo 0.2 miles

Demographics for 60657, IL

72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Absolute NNN retail property with 2.25% annual rental escalations and over seven years remaining on primary lease.
Where is this nnn property located?
The property is located at 2900 N Sheffield Ave Chicago, IL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Absolute NNN retail property with no landlord responsibilities; Over 7 years remaining on the primary lease term; 2.25% annual rental escalations
(847) 562-0003 Call to check price and availability
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