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Retail Space Near Tony's Market
For Lease
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8490 North Greenwood Avenue, Niles, IL 60714

Retail property for lease with high traffic and excellent signage.

Space SizeContact for details
Days on Market260

Property Features for 8490 North Greenwood Avenue

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE - Chicago
Listed By: Sean McCourt
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 10 Last Checked: Aug 9 at 1:20PM

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 CBRE - Chicago

Investment Insights

Based on property information with market context.

This retail property benefits from its location alongside Tony's Fresh Market. The area has a high population density, with 155,067 people residing within a 3-mile radius, and an average household income of $128,099. The property offers excellent signage opportunities, including a large panel on a tall sign. It experiences high traffic volume, with 36,000 vehicles per day.

Key Highlights

  • High Average Household Income: $128,099 within 3 miles
  • High Traffic Volume: 36,000 Vehicles Per Day
  • High Population Density: 155,067 people within 3 miles

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Storage Facility Home Appliance Store Daycare Center Veterinary Clinic

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

1,506
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60714, IL

31,006
Population
11,867
Households
2.6
Avg Household Size
49
Median Age
39%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
4,922
Density / Sq Mi
$78,868
Median Household Income
$46,553
Median Earnings
$1,247
Median Rent
$351,100
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
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail property for lease with high traffic and excellent signage.
Where is this shopping center located?
The property is located at 8490 North Greenwood Avenue Niles, IL.
What are key features of this property?
This property features: High Average Household Income: $128,099 within 3 miles; High Traffic Volume: 36,000 Vehicles Per Day; High Population Density: 155,067 people within 3 miles
More about this property
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