Grocery-Adjacent Shopping Center For
For Sale
Contact for pricing
7532 1600 E, Chicago, IL
100% leased shopping center with necessity and fashion retailers.
Property Size66,171 SF
Lot Size1.85 Acres
Price / SF$178.33
Days on Market461
Property Features for 7532 1600 E
General Information
Standard status
Active
Size
66,171 SF
Lot size
1.85 Acres
Property subtype
RETAIL
Listing Agency:
Mid-America Real Estate Group | Chicago
(630) 954-7327
Listed By:
George Ghattas · License #475135588
(630) 954-7398
Source:
Moodyscre
Added: Jul 2, 2025
Changed: Oct 4
Last Checked: Oct 4 at 1:11PM
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
Investment Insights
Based on property information with market context.
This offering presents the fee simple interest in a 66,171 square foot shopping center. The property is 100% leased and features a dynamic mix of necessity, fashion, and apparel retailers. The shopping center is grocery-adjacent.
Key Highlights
- 100% leased shopping center, offering immediate income.
- Grocery‑adjacent location, providing consistent customer traffic.
- Dynamic mix of necessity and fashion & apparel retailers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$915,463
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,309,260
$18.3M
Cap Rate 7%
$13,078,043
$13.1M
Cap Rate 9%
$10,171,811
$10.2M
Market Conditions
NOI Build-Up for 66,171 SF
Gross rent
$1.43M $21.60/SF
− Vacancy
−$121.5K −$1.84/SF
EGI
$1.31M $19.76/SF
− OpEx
−$392.3K −$5.93/SF
NOI
$915.5K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,309,260
Cap Rate 7%
$13,078,043
Cap Rate 9%
$10,171,811
Alternative Uses
Best Use
Retail
$13.08M
$11.44M – $15.26M
NOI $915,463 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$31.20M
$27.30M – $36.40M
NOI $2,183,961 @ 7.0% cap · market cap 18.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,238
Businesses Nearby
81k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Apparel 24%
Dining 18%
REI
Apparel
19,531 visits/mo
0.4 miles
Mobil
Shops & Services
15,111 visits/mo
0.4 miles
Dunkin' Donuts
Dining
12,619 visits/mo
0.3 miles
Exxon
Shops & Services
10,032 visits/mo
0.3 miles
PetSmart
Shops & Services
9,609 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Coin Cloud Bitcoin ATM — 1402 w grand ave, chicago, il 60642
- Coinstar Kiosk - Bitcoin ATM — 424 W Division St Jewel, Chicago, IL 60610
- Old Town Square — Chicago, IL 60610
- North and Kingsbury Center — 1415 N Kingsbury St, Chicago, IL 60642
- NEWCITY — 1457 N Halsted St, Chicago, IL 60642
Frequently Asked Questions
What type of property is this?
Shopping center - 100% leased shopping center with necessity and fashion retailers.
Where is this shopping center located?
The property is located at 7532 1600 E Chicago, IL.
What is the asking price?
The asking price for this property is $11,800,000.
What are key features of this property?
This property features: 100% leased shopping center, offering immediate income.; Grocery‑adjacent location, providing consistent customer traffic.; Dynamic mix of necessity and fashion & apparel retailers.
