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    Homewood, IL Strip Malls for Sale

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    Olympia Fields, IL Hazel Crest, IL Chicago Heights, IL
    Homewood Strip Mall Investment Opportunity
    $1,690,000
    24,634 SF
    Homewood Strip Mall Investment Opportunity

    18660 Dixie Highway, Homewood, IL 60430

    Established strip mall near Metra with income upside potential.
    • Prime location in the heart of Homewood, steps from the Metra train station and 35 minutes from downtown Chicago.
    • Strong income potential: $150,000 gross income in 2024 with upside to $200,000-$250,000 by bringing rents to market value.
    • New roof installed in 2025, minimizing future maintenance expenses.
    • Multi‑unit commercial property with 11 suites and a mix of long‑standing tenants, providing stable cash flow.
    • Three vacant units offer immediate owner‑user or rental income opportunities.
    Updated: Apr 26, 2025
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    Multi-Tenant Retail Center For Sale
    Contact for pricing
    12,675 SF
    Multi-Tenant Retail Center For Sale

    18320-18336 S Kedzie Avenue, Homewood, IL 60430

    12,675 SF multi-tenant retail center in Homewood, Illinois.
    • High‑traffic location on Kedzie Avenue with pylon signage and 14,000+ vehicles per day visibility.
    • Located across from Jewel‑Osco and Ollie's Bargain Outlet, near Aldi, McDonald's, and other national retailers.
    • Value‑add opportunity to increase income by leasing up the currently 35% occupied space.
    • 12,675 SF multi‑tenant neighborhood center in a dynamic and growing community.
    • Excellent regional connectivity via Metra, Amtrak, and major interstates, 22 miles from downtown Chicago.
    Updated: Nov 21, 2025
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    Retail Outparcel in CherryCreek Center
    $1,395,000
    4,925 SF
    Retail Outparcel in CherryCreek Center

    Three-tenant retail property within CherryCreek Shopping Center, Homewood, Illinois.

    18322 Governors Hwy, Homewood, IL 60430

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    Retail
    $4,392,000
    7,019 SF
    Retail

    Strip malls · 7,019 SF

    17860 Halsted St, Homewood, IL 60430

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    Retail Strip Center For Sale
    $595,000
    7,500 SF
    Retail Strip Center For Sale

    7,500 SF retail strip center with 75% occupancy.

    17532 Dixie Hwy, Homewood, IL

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 5 Active listings in Homewood, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Iconic Oak Lawn Retail Opportunity
    $1,300,000
    6,279 SF
    Iconic Oak Lawn Retail Opportunity

    Landmark building with retail center in high-traffic area.

    5540 W 95th St, Oak Lawn, IL 60453

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    Income-Producing Retail Strip in Chicago
    $408,000
    4,778 SF
    Income-Producing Retail Strip in Chicago

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

    741 W 79TH ST, Chicago, IL 60620

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    Multi-Tenant Retail Property For Sale
    Contact for pricing
    20,392 SF
    Multi-Tenant Retail Property For Sale

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

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

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    Grocery Anchored Shopping Center For Sale
    Contact for pricing
    165,999 SF
    Grocery Anchored Shopping Center For Sale

    Grocery anchored neighborhood center in Chicago MSA for sale.

    4910 W 111th St, Oak Lawn, IL

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Development Land Parcel
    $399,800
    2.53 Acres
    Commercial Development Land Parcel

    A 2.53-acre commercial-zoned parcel suitable for neighborhood-oriented retail or service development.

    19611 Crawford Avenue, Flossmoor, IL 60422

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    2.91 Acres Corner Location
    Contact for pricing
    2.91 Acres
    2.91 Acres Corner Location

    2.91 acres in Will County, corner location, industrial park.

    Lot 1 West Stuenkel Road, University Park, IL 60484

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    Corner Lot Strip Mall Opportunity
    $130,000
    0.16 Acres
    Corner Lot Strip Mall Opportunity

    Ideal corner location for a small strip mall or franchise.

    237 W 79th Street, Chicago, IL 60620

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    Prime Corner Commercial Land Available
    $800,000
    1.90 Acres
    Prime Corner Commercial Land Available

    Corner lot suitable for retail development, drive-thru, or subdivision.

    8450 Willow Springs Road, Willow Springs, IL 60480

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    Homewood, IL Strip Malls Investment Opportunities Market Analysis

    Explore 5 strip malls for sale in Homewood, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 44,078 square feet of properties for sale, with an estimated market value of $8,072,000.

    Sale prices for retail strips in Homewood, IL start at $595,000, averaging $2,018,000, and reaching up to $4,392,000 — 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

    Shopping centers 8
    Auto shops 1
    Automotive properties 1
    Storefront properties 1

    Demographics Overview

    Population 30K
    Population Growth (5Y) +0.0%
    Median Household Income $105,736
    College Educated 82.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    60430 $2.5M

    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 Homewood fall within the 25,000 to 50,000 square foot range.

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