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Retail Store with Rear Parking
New
For Lease
$24 SF/Yr

5840 Dempster Street, Morton Grove, IL 60053

The property sits along Dempster Street, with bus service and a Metra station nearby.

Space SizeContact for details
Days on Market2

Property Features for 5840 Dempster Street

General Information

Standard status Active
Property subtype Commercial

Site & Location

Traffic Count 40,000 vehicles/day
Highway Access Yes

Additional Details

Space Use Retail

Amenities

Central air
Central Air Cooling

Building Details

Year Built 1975
Listing Agency: CENTURY 21 CIRCLE
Listed By: NICHOLAS MARINO
Source: Corcoran
Added: Oct 15 Changed: Oct 16 Last Checked: Oct 16 at 2:03PM

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 CENTURY 21 CIRCLE

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Investment Insights

Based on property information with market context.

This retail space at 5840 Dempster Street was built in 1975 and includes a rear parking lot measuring 157 feet long.

Dempster Street carries approximately 40,000 vehicles per day. The property is 2.5 blocks from I-94/Edens Expressway, near Walgreens and Dunkin’ Donuts, and six blocks from a Metra station. Bus service runs along Dempster Street.

Key Highlights

  • 157‑foot‑long parking lot behind the building
  • Approximately 40,000 vehicles per day on Dempster Street
  • 2.5 blocks from I‑94/Edens Expressway

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Cafe & Coffee Shop Skin Care Clinic 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

40,000 VPD
Traffic count
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

930
Businesses Nearby
35k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 67% Dining 33%
Shell Shops & Services
11,246 visits/mo 0.3 miles
BP Shops & Services
9,441 visits/mo 0.3 miles
Giordano's Dining
5,848 visits/mo 0.2 miles
Dunkin' Donuts Dining
2,987 visits/mo 0.1 miles
Pizza Hut Dining
2,927 visits/mo 0.3 miles

Demographics for 60053, IL

25,297
Population
9,546
Households
2.7
Avg Household Size
45
Median Age
52%
College-Educated
90%
High-School Grad
5.1 sq mi
ZIP Area
4,960
Density / Sq Mi
$106,078
Median Household Income
$61,315
Median Earnings
$2,210
Median Rent
$377,000
Median Home Value
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Market

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 - The property sits along Dempster Street, with bus service and a Metra station nearby.
Where is this retail space located?
The property is located at 5840 Dempster Street Morton Grove, IL.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: 157‑foot‑long parking lot behind the building; Approximately 40,000 vehicles per day on Dempster Street; 2.5 blocks from I‑94/Edens Expressway
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