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Multi-Tenant Retail Space
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4751 North Harlem Avenue, Harwood Heights, IL 60706

Planned improvements will reposition the building for multiple retail occupants.

Space Size8,000 SF
Days on Market155

Property Features for 4751 North Harlem Avenue

General Information

Standard status Active
Size 8,000 SF
Property subtype Retail

Spaces For Lease

at 4751 North Harlem Avenue
8,000 SF (DIVISIBLE)
Size 8,000 SF
Term Negotiable
Rate Contact for pricing
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Listing Agency: Mid-America Real Estate Group | Chicago
Listed By: Brendan Reedy · License #478004552
Source: Midamericagrp
Added: May 17 Changed: Oct 1 Last Checked: Oct 16 at 7:41AM

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 Mid-America Real Estate Group | Chicago

Rey
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Investment Insights

Based on property information with market context.

The property is a retail building planned for renovation and reconfiguration into space accommodating multiple tenants. The planned work is intended to support a multi-tenant retail format at 4751 North Harlem Avenue in Harwood Heights, Illinois.

Key Highlights

  • Planned building renovation
  • Multi‑tenant retail configuration
  • 4751 North Harlem Avenue, Harwood Heights, IL 60706

Property Analytics

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Current Use

Family Palace Restaurant

Suggested Use

Top Pick Law Firm Skin Care Clinic Parking Lot & Garage (Bike/Boat/Book/etc) Store Food Market Daycare Center

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,009
Businesses Nearby
397k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 48% Apparel 24% Groceries 21% Shops & Services 6%
Burlington Apparel
64,031 visits/mo 0.2 miles
Raising Cane's Chicken Fingers Dining
53,622 visits/mo 0.2 miles
Portillo's Dining
49,145 visits/mo 0.3 miles
Mariano's Groceries
44,132 visits/mo 0.4 miles
McDonald's Dining
35,329 visits/mo 0.3 miles

Demographics for 60706, IL

24,327
Population
9,720
Households
2.5
Avg Household Size
45
Median Age
30%
College-Educated
87%
High-School Grad
3.1 sq mi
ZIP Area
7,847
Density / Sq Mi
$85,000
Median Household Income
$48,602
Median Earnings
$1,242
Median Rent
$347,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Harwood Heights, IL

$25.14 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,886 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

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

Frequently Asked Questions

What type of property is this?
Retail space - Planned improvements will reposition the building for multiple retail occupants.
Where is this retail space located?
The property is located at 4751 North Harlem Avenue Harwood Heights, IL.
What are key features of this property?
This property features: Planned building renovation; Multi‑tenant retail configuration; 4751 North Harlem Avenue, Harwood Heights, IL 60706
More about this property
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