Chicago, IL Strip Malls 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

24 properties

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Updated: Aug 11, 2025

Leased Strip Mall

5159 W Diversey Avenue, Chicago, IL 60639

$1,199,000

7,600 sqft

Five leased retail stores in one strip mall property
Four tandem parking spaces located at the rear
Corner position at W Diversey Avenue and Laramie Avenue
Across from Walgreens and currency exchange stores
Building constructed in 1943

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5159 W Diversey Avenue, Chicago, IL 60639

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$108K
Annual
Price @ 7% Cap

$1.55M
Above asking

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Updated: Apr 17

Corner Strip Mall

301 W 79th Street, Chicago, IL 60620

$870,000

0.45 AC lot

19,625‑square‑foot lot with a 7,600‑square‑foot retail structure
Three vacant suites ranging from 950 to 1,450 square feet
Ivy Jerk Hut lease runs 3 years with a 3‑year renewal option
29 dedicated parking spaces and a high‑visibility pylon sign
Concrete and brick construction completed in 2005

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Brick Strip Mall with Three Storefronts

4044-48 S ARCHER Avenue, Chicago, IL 60632

$549,000

Corner commercial property with two leased units, central air, and rooftop advertising signage.

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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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Unanchored Strip Center at Corner

1400 E 47th St, Chicago, IL 60653

$6,950,000

20,815 sqft

Unanchored strip center with direct Lake Shore Drive access and multiple adjacent residential communities.

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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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Income-Producing Retail Strip in Chicago

741 W 79th St, Chicago, IL 60620

$405,000

4,778 sqft 0.17 AC lot

Multi-tenant retail strip with income and value-add potential.

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Auburn Gresham Strip Center

1640 W 79th Street, Chicago, IL 60620

$800,000

8,194 sqft

Value-add 8,194 SF strip center in Auburn Gresham community.

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Corner Retail Strip Center

5700 W Belmont Avenue, Chicago, IL 60634

$825,000

11,068 sqft 0.33 AC lot

Eight-unit strip center with parking for nine vehicles at a shared corner location.

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Neighborhood Retail Strip Center

4751-4765 South Ashland Avenue, Chicago, IL 60609

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9,760 sqft

Strip center with five retail units, including one larger space that may be subdivided into four units.

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Strip Center with Medical Offices

3441 West 111th Street, Chicago, IL 60655

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3,000 sqft

Fully leased commercial center with divisible suites, individual entrances, on-site parking, and B1 zoning.

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Three-Unit Medical & Retail Strip

3441-57 W 111 Street, Chicago, IL 60655

$575,000

Fully leased three-unit strip center with medical offices, a salon, and an insurance tenant with on-site parking.

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9-Unit Strip Mall

1640 W 79th Street, Chicago, IL 60620

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8,194 sqft

Retail property with multiple commercial spaces near the 79th Street and Ashland intersection.

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Ravenswood Retail Space For Sale

1724 W. Lawrence, Chicago, IL 60640

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2,248 sqft

High-profile retail space in Ravenswood with parking and signage.

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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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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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Redevelopment Retail/Auto Building

6743 - 6753 S Western Ave, Chicago, IL 60636

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3,125 sqft 0.36 AC lot

3,125 SF building on 15,682 SF lot on Western Ave with 40,000+ cars daily.

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Six-Unit Retail Strip Center

6001-6019 N. Nina Avenue, Chicago, IL 60631

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9,750 sqft

Six-unit strip center with strong recent income performance and convenient Norwood Park transit and highway access.

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Retail Strip Mall Near Rogers Park

2628-34 W Touhy Avenue, Chicago, IL 60645

$699,000

Single-story brick building with five storefronts and ample parking.

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Starbucks-Anchored Retail Condo Strip

3062 N Lincoln Ave, Chicago, IL 60657

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Starbucks-anchored retail condo strip with three leased units on NNN terms at a signalized intersection.

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Fully Rented Strip Mall with 3 Stores

12301 S Halsted St, Chicago, IL 60628

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Strip mall with three fully leased storefronts under gross leases generating $4,000 monthly rental income.

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Chicago Strip Center Investment Opportunity

7122 S Vincennes Ave, Chicago, IL 60621

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7,365 sqft 0.49 AC lot

Five-unit strip center with immediate rental income potential.

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Grocery Anchored Strip Center

5650 W Belmont Avenue |, Chicago, IL 60634

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Grocery anchored strip center for sale in Chicago, Illinois.

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Cash Flowing Strip Center

414-424 E 71st Street, Chicago, IL 60619

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4,800 sqft

Fully occupied retail center with high street frontage.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 24 Active Listings in Chicago, IL

Chicago, IL Strip Malls Market Trends and Statistics

Explore 24 strip malls for sale in Chicago, IL, showcased through 24 active listings on our real estate platform. These investment opportunities span a total of 144,497 square feet of properties for sale, with an estimated market value of $13,551,000.

Sale prices for retail strips in Chicago, IL start at $130,000, averaging $1,231,909, 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
60634	$412.5K
60620	$465K
60655	$575K
60632	$599K
60645	$699K

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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