1145 S Desplaines St, Chicago, IL

Listing office Northmarq | Chicago (East Wacker Dr) Show Phone

Listing date Oct 27, 2025

Source Moodyscre

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 Northmarq | Chicago (East Wacker Dr)

Report an issue

---

Overview

This property presents a rare net lease opportunity in the vibrant South Loop area of Chicago. The location benefits from dense, urban infill characteristics and high population numbers. Situated on a hard, signalized corner, the property offers excellent visibility and unique on-site parking. A long-term net lease is in place with a national nonprofit organization with strong credit. The property is adjacent to expressways and in close proximity to the University of Illinois-Chicago (UIC). Significant capital improvements are scheduled for 2025, making this a turnkey asset.

Suggested Use

Auto Repair Shop Building Supply Auto Parts Store Garden Center Discount Store Furniture & Home Goods Nursing Home Veterinary Clinic Nursing Home HVAC Service

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

• LA Flower Boutique — 6120 W Roosevelt Rd, Oak Park, IL 60304
• VicBell Flowers LLC — 1426 1/2 S Austin Blvd #2E, Cicero, IL 60804

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6434

Latitude

41.8675

Nearby Similar for Sale

• 

  $1,300,000

  6,400 SF

  Renovated Chicago Industrial Flex Warehouse

  6,400 SF renovated industrial flex warehouse in Chicago for sale.

  3146 W Chicago Avenue, Chicago, IL 60622

  View Details
• 

  $949,000

  4,055 SF

  Turnkey Restaurant Venue with PPA License

  Fully renovated restaurant with licenses and uncommitted VGT potential.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $949,000

  4,055 SF

  Turnkey Restaurant Venue with PPA License

  Fully renovated restaurant with licenses and VGT potential in Chicago.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $949,000

  4,055 SF

  Turnkey Restaurant Venue with Licenses

  Fully renovated restaurant with licenses and residential unit for sale.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $649,000

  2,176 SF

  Turnkey Restaurant Opportunity in Chicago

  Below-market lease in East Lakeview, fully equipped restaurant with assets.

  420 W Belmont Avenue, Chicago, IL 60657

  View Details
• 

  $759,000

  5,000 SF

  Prime Retail Space in Chicago

  Commercial property in a high-traffic retail district.

  4411 N Kedzie Avenue, Chicago, IL 60625

  View Details
• 

  $1,295,000

  9,744 SF

  Chicago Office Building with Parking

  Two-story office building in Chicago's Clearing neighborhood.

  6350 W 63rd Street, Chicago, IL 60638

  View Details
• 

  $1,700,000

  Convenience Store Retail Building with Parking

  Turnkey convenience store in brick masonry with outdoor parking, surveillance, workstations, and restrooms—ready for immediate operation.

  5132 S Racine Avenue, Chicago, IL 60609

  View Details
• 

  $459,000

  3,000 SF

  Chicago Commercial Buildings For Sale

  Three commercial buildings in a busy Chicago neighborhood retail location.

  1753-1759 W 79th Street, Chicago, IL 60620

  View Details
• 

  $625,000

  4,593 SF

  Fulton River District Commercial Loft

  Classic timber loft in Fulton River District, Chicago.

  566 W Lake Street, Chicago, IL 60661

  View Details
• 

  $549,900

  2,806 SF

  Wicker Park Corner Retail Building

  2,806 SF retail building in prime Wicker Park location.

  2357 W North Avenue, Chicago, IL 60647

  View Details
• 

  $749,000

  Corner Retail Suite in New Elevator Building

  New construction corner space in an 18-unit elevator building with optional street parking acquisition.

  1445 W Chicago Avenue, Chicago, IL 60642

  View Details

FAQs

What type of property is this?

Storefront property - Urban infill net lease in vibrant South Loop Chicago.

Where is this storefront property located?

The property is located at 1145 S Desplaines St Chicago, IL.

What is the asking price?

The asking price for this property is $1,848,000.

What are key features of this property?

This property features: Long‑Term Net Lease with a National Nonprofit with Strong Credit; Rare, Dense, Urban Infill Net Lease Opportunity in Vibrant South Loop Chicago Location; **Significant 2025 Capital Improvements (Turnkey Asset)**