1501-1527 West North Avenue
Retail | 41,925 SqFt
Marketing description
Silo Square is a multi-tenant retail center located in west suburban Melrose Park. The building was renovated in 2011 and consists of approximately 42,000 SF. Tenants at the building include H&R Block, Subway, #1 Nails, Hanna’s Gaming, Foremost Liquors, Alshaam Mediterranean Restaurant, Tiffany's Bistro and Big Cloud Vape & Tobacco. There are four (4) vacancies at the center ranging from 1,860 - 8,600 SF. The center features excellent frontage along North Avenue (277’), and dual-sided pylon signage at the corner of the signalized intersection at North Avenue & 15th Avenue (Approx. 48,000 VPD). Neighboring retailers include Costco, Target, Jewel-Osco, Cermak Fresh Market, ALDI, Cinemark Melrose Park, Walgreens, Best Buy, Carters, Foot Locker, Burlington, Ross Dress 4 Less. Marshalls, Five Below, Dollar Tree, AutoZone Auto Parts, O’Reilly Auto Parts, Wendy’s, Taco Bell, Raising Cane’s, Panda Express, Chipotle and Starbucks, among many other national retailers.
The multi-tenant retail center is located at the northwest corner of the North Avenue & 15th Avenue signalized intersection in Melrose Park, Cook County, Illinois. Melrose Park is a western suburb of Chicago and features strong demographics with over 185,000 people within three (3) miles of the Property and an average household income of over $90,000 within three (3) miles. The Property is conveniently located four (4) miles from O’Hare International Airport and 3.5-miles from the Interstate-290/294 interchange. The Property is well located in Melrose Park’s primary trade area at the corner of North Avenue & 15th Avenue providing exposure and visibility to approximately 48,000 VPD. Neighboring retailers include Costco, Target, Jewel-Osco, Cermak Fresh Market, ALDI, Cinemark Melrose Park, Walgreens, Best Buy, Carters, Foot Locker, Burlington, Ross Dress 4 Less. Marshalls, Party City, Five Below, Dollar Tree, AutoZone Auto Parts, O’Reilly Auto Parts, Wendy’s, Taco Bell, Raising Cane’s, Panda Express, Chipotle and Starbucks, among many other national retailers.
Investment highlights
- Conveniently located in Melrose Park's primary trade area at the corner of North Avenue & 15th Avenue
- Large parking lot totaling 94-surface level spaces
- Excellent frontage along North Avenue (277'), and dual-sided pylon signage at the corner of the North Avenue & 15th Avenue signalized intersection providing exposure and visibility to approximately 48,000 VPD
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