Chicago, IL Shopping Centers for Sale

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West Chicago, IL Cicero, IL Oak Park, IL David City, NE Berwyn, IL River Forest, IL Forest Park, IL Evanston, IL

47 properties

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Updated: Jun 16

Unanchored Strip Center at Corner

1400 E 47th St, Chicago, IL 60653

$6,950,000

20,815 sqft

20,815 SF unanchored strip center built in 1990
Located at the hard corner lighted intersection of 47th Street and Lake Park Avenue
Direct access off Lake Shore Drive (108,300 vehicles per day)
Steps from the Kenwood Metra Station
Secure 5.34‑year WALT with annual rent increases across tenant leases; 5‑year CAGR of 2.58%

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1400 E 47th St, Chicago, IL 60653

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Est. Cap Rate

4.1%
NOI ÷ price
Est. NOI

$288K
Annual
Mortgage

$7.5M
May 2026
Property Type

Grocery, Supermarket
Built 1947

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Updated: May 17

Six-Unit Storefront Property

339 E 47Th Street, Chicago, IL 60653

$699,950

0.30 AC lot

Six‑unit storefront building with five tenants; one tenant occupies two storefronts
Tenant mix includes a cellphone store, barbershop, beauty shop, grocery store, and restaurant
0.2984‑acre lot in Chicago’s Grand Boulevard neighborhood
Near a train station
Built in 1990

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Brick Strip Center With Rooftop Signage

4044-48 S ARCHER Avenue, Chicago, IL 60632

$549,000

Multi-storefront retail property with established tenants and supplemental rooftop advertising revenue.

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Five-Tenant Corner Retail Center

5159 W Diversey Avenue, Chicago, IL 60639

$1,199,000

0.22 AC lot

Five occupied storefronts anchor a corner commercial property with rear tandem parking and central air conditioning.

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Corner Lot Strip Mall Opportunity

237 W 79th Street, Chicago, IL 60620

$130,000

0.16 AC lot

Ideal corner location for a small strip mall or franchise.

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Multi-Tenant Shopping Center

10800 S Doty Ave, Chicago, IL 60628

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72,533 sqft 18.90 AC lot

Large retail property in Chicago’s Pullman Park with established commercial surroundings and a substantial consumer and employment base.

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Grocery-Anchored Mixed-Use Property

38-58 E Ontario St, Chicago, IL 60611

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320,879 sqft

Fully leased urban asset with grocery and hospitality anchors in Chicago’s River North district.

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Neighborhood Retail Center For Sale

8546 S Stony Island Ave, Chicago, IL 60617

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6,480 sqft

Fully leased neighborhood retail center with individually metered units and strong frontage on Stony Island.

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Chicago Commercial Property For Sale

5257 S Ashland Ave, Chicago, IL 60609

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12,901 sqft

Commercial property in Chicago's New City Community for sale.

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Neighborhood Retail Center with Signage

7414 S Cicero Ave, Chicago, IL 60629

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54,383 sqft

Neighborhood retail center with oversized pylon signage and dual ingress/egress via S. Cicero Avenue and State Road.

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Neighborhood Retail Center Opportunity

1200 North Clybourn Avenue, Chicago, IL 60610

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16,433 sqft

Partially leased retail center with available space and service-oriented tenants, positioned along major arterial corridors in Old Town.

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Retail Property Near Mixed-Use Development

2100 N Elston Ave, Chicago, IL 60614

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187,204 sqft

Retail property adjacent to a $3B mixed-use development.

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Multi-Level Retail Center with Parking

3131 N Clark St, Chicago, IL 60657

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90,455 sqft

Multi-level retail center featuring free on-site parking and frontage along Clark and Halsted streets.

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Beverly Plaza Shopping Center

9601 South Western Avenue, Chicago, IL 60643

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23,408 sqft

Retail center offering a substantially leased commercial investment profile.

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Leased Multi-Tenant Retail Center

9923-9945 S Halsted St, Chicago, IL 60628

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4,000 sqft

Newer 2007-built center with two retail buildings and on-site parking, fully leased to a diversified tenant mix.

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Medical-Heavy Retail Shopping Center

2037-2077 N Clybourn Ave, Chicago, IL 60614

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33,140 sqft

Shopping center with medical tenant concentration and two available suites totaling 2,908 SF.

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Grocery-Anchored Lakeview Retail Center

2862-2928 N Ashland Ave, Chicago, IL 60657

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19,979 sqft

Grocery-anchored retail center with surface parking on Ashland Ave, reporting 23,500 VPD.

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Multi-Tenant Retail Property For Sale

2301-2323 W 95th Street, Chicago, IL 60643

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20,392 sqft

Value-add retail property in Chicago's Beverly Neighborhood.

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Corner Retail Plaza Investment

415 E 71st St, Chicago, IL 60619

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7,775 sqft 0.32 AC lot

Multi-tenant retail plaza with two buildings and seven total units on a corner lot.

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Leased Shopping Center with Bank

163 W 87th St, Chicago, IL 60620

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60,620 sqft

Fully leased shopping center includes a freestanding TCF Bank and is anchored by DD’s Discounts and Ross.

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Transit-Connected Retail Shopping Center

2847 N Milwaukee Ave, Chicago, IL 60618

$4,250,000

Commercial space at a signalized intersection provides broad retail-use flexibility and direct access to the CTA Blue Line.

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Community Shopping Center Corner Site

3302 W 87th St, Chicago, IL 60652

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90,080 sqft

Community shopping center anchored by multiple retailers, including Oak Street Health, Subway, and a grocery box slated for build-out.

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Urban Retail Center Near Expressway

205 West 87th Street |, Chicago, IL 60620

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64 sqft

Retail center with high traffic and accessibility near public transit.

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Chicago Retail Center For Sale

2037 N Clybourn Ave, Chicago, IL 60614

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33,140 sqft

33,140 SF retail center in Chicago, 91.2% occupancy.

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Chicago, IL Shopping Centers Market Trends and Statistics

Explore 72 shopping centers for sale in Chicago, IL, showcased through 47 active listings on our real estate platform. These investment opportunities span a total of 1,557,993 square feet of properties for sale, with an estimated market value of $13,777,950.

Sale prices for plazas in Chicago, IL start at $130,000, averaging $2,296,325, and reaching up to $6,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 2.91M

Population Growth (5Y) +0.6%

Median Household Income $76,477

College Educated 44.3%

High-Yield Neighborhoods for Investment

Identify Chicago submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60620	$402.5K
60616	$435K
60659	$2.6M
60653	$3.8M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Chicago fall within the 10,000 to 25,000 square foot range.

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