Illinois Strip malls for sale

Updated: Aug 11, 2025

Chicago Retail Property For Sale

5159 W Diversey Avenue, Chicago, IL 60639

$1,239,000

7,500 sqft 0.22 AC lot

High‑traffic corner location at Diversey and Laramie Avenues.
Strong street presence and visibility in a dense commercial corridor.
Fully leased: 5 retail stores providing immediate income.
Located across the street from Walgreens and a currency exchange.
Approximately 7,500 sq. ft. building.

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5159 W Diversey Avenue, Chicago, IL 60639

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Est. Cap Rate

8.6%
Above avg (5.9%)
Est. NOI

$107K
Annual
Price @ 7% Cap

$1.53M
Above asking

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Updated: Apr 14

Morton Grove Commercial Property

6015-6049 Dempster Street, Morton Grove, IL 60053

$1,949,000

16,000 sqft 0.69 AC lot

Prime location on Dempster St. (Route IL 58) at Austin Ave, a high‑traffic commercial corridor.
Fully leased, income‑producing property with 12 storefronts and offices.
Approximately 16,000 sq. ft. of leasable space, offering stable and diversified income.
Excellent access to Interstate I‑94, enhancing visibility and accessibility.
Front and rear parking available, plus access to adjacent public parking.

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Retail Plaza with Multi-Unit Building

4510 N Illinois Street, Swansea, IL 62226

$980,000

2.28 AC lot

Millstone Plaza includes a 6,000 SF building with four 1,500 SF units and additional approved development lot.

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Brick Retail Strip Center with Sign

4044-48 S ARCHER Avenue, Chicago, IL 60632

$599,000

Well-maintained strip center with three storefronts, including leased units and income from a rooftop advertising sign.

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Retail Strip in Des Plaines

603 Golf Rd, Des Plaines, IL 60016

$3,165,000

15,042 sqft

15,042 SF retail strip in high-traffic Chicago suburb.

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Springfield Strip Mall For Sale

2940 CONSTITUTION Drive, Springfield, IL 62704

$2,500,000

2.97 AC lot

Strip mall in high-traffic location with reliable tenants.

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Retail Center with Multiple Suites

1219 E Cedar Street, New Baden, IL 62265

$2,700,000

0.90 AC lot

New construction retail center laid out for up to seven suites, including a currently leased space for State Farm Insurance.

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Restaurant-Included Retail Strip Center

100 W Main Street, Barrington, IL 60010

$3,199,900

0.26 AC lot

Retail strip center with multiple active tenants and an included restaurant, positioned near Barrington’s train station.

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Retail Strip Mall with Ample Parking

114-120 S. Northwest Hwy, Barrington, IL 60010

$2,959,000

5,780 sqft

Versatile retail storefront property with ample parking and easy access for customers in a mixed residential and commercial area.

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Retail Strip Center For Sale

24447-24513 Eames Street, Channahon, IL 60410

$1,900,000

0.56 AC lot

Retail strip center offered for sale on a 0.56-acre lot in Channahon, Illinois.

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Mixed-Use Commercial Strip Center

4325 N Sheridan Road, Peoria, IL 61614

$870,344

13,978 sqft

Mixed-use commercial strip center with 11 units in Peoria, IL.

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Springfield Commercial Package Deal

1295 TORONTO Road, Springfield, IL 62707

$999,999

0.74 AC lot

Remodeled Subway franchise and commercial building for sale in Springfield.

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Fully Leased Retail Center

9901-9909 S Harlem, Chicago Ridge, IL 60415

$2,600,000

0.18 AC lot

Fully leased retail center with two rent-paying tenants and customer-focused access and parking.

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Modern Strip Mall For Sale

905 Remington Road, Mattoon, IL 61938

$2,500,000

9,938 sqft 2.38 AC lot

Built in 2017, this strip mall offers great investment potential.

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Commercial Property in Joliet, IL

114 N Larkin Avenue, Joliet, IL 60435

$650,000

0.59 AC lot

Commercial property for sale in Joliet, Illinois.

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Mixed-Use Strip Center with Parking

375-395 E State Street, South Elgin, IL 60177

$670,000

8,880 sqft 0.32 AC lot

Four-unit corner strip center offers ground-floor retail units and a vacant second-floor office space.

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Freestanding Building with Drive-Thru

495 Weber Rd, Romeoville, IL

$1,495,000

5,258 sqft 19.96 AC lot

5,258 SF building with drive-thru on hard corner.

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Chicago Commercial Investment Opportunity

7133-7143 W Higgins Avenue, Chicago, IL 60656

$990,000

0.30 AC lot

Five-unit commercial building on Chicago's Northwest side.

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Iconic Oak Lawn Retail Opportunity

5540 W 95th St, Oak Lawn, IL 60453

$1,300,000

6,279 sqft

Landmark building with retail center in high-traffic area.

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Lincolnwood Retail Strip Center Investment

3921 W TOUHY Avenue, Lincolnwood, IL 60712

$1,200,000

4,800 sqft 1.08 AC lot

Fully leased retail strip center in high-traffic Lincolnwood corridor.

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Peoria Retail Center For Sale

4410 N Knoxville Ave, Peoria, IL 61614

$2,825,000

46,620 sqft

46,620 SF retail center with value-add potential in Peoria, IL.

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Multi-Unit Retail Strip Center

212 W LAUREL Street, Springfield, IL 62704

$123,000

0.27 AC lot

Strip center offers four separate fully rented units with tenants paying their own utilities.

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Multi-Tenant Retail Property For Sale

2301 James St, Lawrenceville, IL 62439

$1,200,000

11,928 sqft

Multi-tenant property with Dollar General and liquor store tenants.

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Mini Strip Center with Three Stores

3406 MAIN Street, Skokie, IL 60076

$429,000

0.14 AC lot

Three-store retail mini strip center with 11 parking spaces and existing salon and bakery leases.

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Illinois Strip Malls Market Trends and Statistics

Explore 90 strip malls for sale in Illinois, showcased through 90 active listings on our real estate platform. These investment opportunities span a total of 762,972 square feet of properties for sale, with an estimated market value of $98,056,084.

Sale prices for retail strips in Illinois start at $225,000, averaging $2,179,024, and reaching up to $11,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.