Listing Agency: Stream Capital Partners

Listed By: Graham Gold · License #475164964 Show Phone

Source: Crexi

Added: Sep 1 Changed: Oct 13 Last Checked: Oct 20 at 8:40PM

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Investment Insights

Based on property information with market context.

The Thorntons gas station at 823 West Lake Street in Hanover Park, Illinois, is offered through a long-term ground lease. The property is situated within the Chicago MSA and is associated with a reported traffic volume of 43k VPD.

The surrounding area includes 5mm+ SF of nearby industrial space, providing important context for the site’s commercial setting. The branded fuel-station format and ground-lease structure are central characteristics of the offering.

Key Highlights

• Thorntons‑branded gas station with a long‑term ground lease
• Reported traffic volume of 43k VPD
• 5mm+ SF of nearby industrial space

Property Analytics

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Open Analytics

Current Use

Thorntons Gas Station Thortons Gas Station

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Building Supply Auto Repair Shop Hair Salon

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

43,000 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

157

Businesses Nearby

6k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 50% Dining 50%

7-Eleven Shops & Services

3,127 visits/mo 0.5 miles

Dairy Queen Dining

3,112 visits/mo 0.5 miles

Demographics for 60133, IL

37,494

Population

11,573

Households

3.2

Avg Household Size

35

Median Age

29%

College-Educated

84%

High-School Grad

8.4 sq mi

ZIP Area

4,464

Density / Sq Mi

$92,263

Median Household Income

$40,743

Median Earnings

$1,478

Median Rent

$260,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Gas station - Branded fuel property with a long-term lease structure and substantial nearby industrial space.

Where is this gas station located?

The property is located at 823 West Lake Street Hanover Park, IL.

What is the asking price?

The asking price for this property is $5,850,000.

What are key features of this property?

This property features: Thorntons‑branded gas station with a long‑term ground lease; Reported traffic volume of 43k VPD; 5mm+ SF of nearby industrial space