109-119 W Grand Avenue
Below market rents | Very high traffic counts | Signalized Intersection
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-tenant retail center located at 109-119 W Grand Avenue in Melrose Park, Illinois (the “Property”). The retail center contains 7,936 square feet of gross leasable area on a 0.47-acre corner parcel. 109-119 W Grand Avenue is comprised of six (6) units and is 89.37% occupied by e-commerce resistant tenants and a complimentary mix of local businesses offering products and services for the surrounding community. The plaza offers a value-add opportunity through the lease up of the 736 square-foot vacant space. An investor can also add value by implementing structured leases at market rates for the month-to-month tenants.
The retail center at 109–119 W Grand Avenue is prominently located along Grand Avenue, one of the area’s busiest commercial and commuter thoroughfares, less than one mile west of the I-290 interchange. The Property offers excellent visibility and frontage along Grand Avenue, with multiple points of access and ample on-site parking. It is surrounded by a strong mix of residential neighborhoods and major employers, creating a steady built-in customer base. The location benefits from its proximity to national retailers, grocery stores, and service-oriented businesses that draw consistent daily traffic. Convenient access to Interstates 290, 294, and 88, as well as multiple Pace Bus routes, further enhances connectivity to the surrounding western suburbs and the broader Chicago metropolitan area. Melrose Park is located approximately 13 miles west of Chicago’s Central Business District.
Investment highlights
ASSET: 109-119 W Grand Avenue is a 6,926 square foot retail plaza on a 0.47-acre corner parcel excellent visibility and frontage along W Grand Avenue and features multiple points of access. The Property has a low-maintenance brick façade and benefits from abundant customer parking at the front of the Property.
DIVERSE, E-COMMERCE RESISTANT INVESTMENT: 109-119 W Grand Avenue benefits from a diverse mix of local tenants with a number of internet resistant businesses. Unit sizes vary from 672 to 2,525 square feet, allowing for a wide assortment of business types to fit tenants’ needs.
UPSIDE POTENTIAL: The Property is currently 89.37% occupied by five tenants; the plaza offers an immediate value-add opportunity through the lease up of the 736 square-foot vacant space. An investor can also add value by implementing structured leases at market rates for the month-to-month tenants.
STRATEGIC LOCATION: The retail center at 109–119 W Grand Avenue is prominently positioned along Grand Avenue, one of Melrose Park’s primary commercial corridors, less than a mile west of the I-290 interchange. The Property benefits from strong visibility and accessibility, surrounded by a dense mix of residential neighborhoods and major industrial employers that drive consistent traffic to the area. Nearby national retailers, grocery stores, and service-oriented businesses further enhance the Property’s draw. The location provides convenient access to Interstates 290, 294, and 88, as well as multiple Pace Bus routes that connect the area to surrounding communities and employment centers.
ECONOMIC DRIVERS: Melrose Park has a strong industrial and commercial base supported by its central location near Chicago and access to major transportation routes, including Interstates 290, 294, and 88. The Village is home to numerous manufacturing, logistics, and food production facilities, with companies such as Jewel-Osco’s distribution center and McDonald’s suppliers maintaining major operations in the area. Its concentration of industrial employers and proximity to O’Hare International Airport make Melrose Park an important hub for employment and business activity in the western suburbs. The area also benefits from a sizable workforce and continued demand for well-located industrial space, reinforcing its role as a key economic driver in the region.
STRONG DEMOGRAPHICS: An impressive 99,800+ people live within a 3-mile radius of the Property with an average household income of $117,627. Over 318,500 people live within 5 miles of the Property with an average household income of $125,612. Additionally, there are more than 70,900 employees within a 3-mile radius of the property.
HIGH TRAFFIC COUNTS: More than 25,000 vehicles per day pass by the Property along W Grand Avenue.
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