Shopping Neighborhood
Grocery Anchored Infill Retail Center
300 Market St, Des Plaines, IL 60016
Listing Price: $15,385,000
Investment Overview
This grocery-anchored lifestyle center is a premier retail and office destination in a vibrant downtown community. Anchored by Shop & Save Grocery Market since 2005, the property features a strong mix of national and local tenants. Shop & Save recently extended its lease for five years, reinforcing its commitment to the market. The center includes top restaurant tenants like Giordano’s, Potbelly, and Gen-X Korean BBQ, along with long-standing office tenants such as Metropolitan Dental Care and Clear Vision. With 81 percent occupancy, it offers a value-add opportunity with 19,808 square feet of available space. Located just 500 feet from the Des Plaines Metra stop on the high-traffic Union Pacific Northwest Line, it enjoys exceptional accessibility. A nearby 388-stall public parking garage and a dense surrounding population further drive strong foot traffic.
Grocery Anchored Infill Retail Center
Investment Highlights
- Grocery Anchored Lifestyle Center Located in the Middle of a Vibrant Downtown Community | Value Add Opportunity | 81 Percent Occupied
- Anchored by Shop & Save Grocery Market with a Variety of Local and National Tenants
- Shop & Save, a Regional Grocer, has Been at the Center Since 2005 | Operates Five Locations Across the Chicagoland Area
- Potbelly and Clear Vision have been at Center for Over 19 Years | Esma Beauty Recently Executed Five Year Lease and Gen-X BBQ Steakhouse Recently Executed 10 Year Lease
- Located 500 Feet from the Des Plaines Metra Stop - Approximately 5,552,111 Riders on the Union Pacific Northwest Line in 2024 (up 20.23 Percent from 2023)
- 16,968 People Live Within One Mile | 134,276 People Live Within Three Miles
Listing Price: $15,385,000
Investment Highlights
- Grocery Anchored Lifestyle Center Located in the Middle of a Vibrant Downtown Community | Value Add Opportunity | 81 Percent Occupied
- Anchored by Shop & Save Grocery Market with a Variety of Local and National Tenants
- Shop & Save, a Regional Grocer, has Been at the Center Since 2005 | Operates Five Locations Across the Chicagoland Area
- Potbelly and Clear Vision have been at Center for Over 19 Years | Esma Beauty Recently Executed Five Year Lease and Gen-X BBQ Steakhouse Recently Executed 10 Year Lease
- Located 500 Feet from the Des Plaines Metra Stop - Approximately 5,552,111 Riders on the Union Pacific Northwest Line in 2024 (up 20.23 Percent from 2023)
- 16,968 People Live Within One Mile | 134,276 People Live Within Three Miles
Investment Overview
This grocery-anchored lifestyle center is a premier retail and office destination in a vibrant downtown community. Anchored by Shop & Save Grocery Market since 2005, the property features a strong mix of national and local tenants. Shop & Save recently extended its lease for five years, reinforcing its commitment to the market. The center includes top restaurant tenants like Giordano’s, Potbelly, and Gen-X Korean BBQ, along with long-standing office tenants such as Metropolitan Dental Care and Clear Vision. With 81 percent occupancy, it offers a value-add opportunity with 19,808 square feet of available space. Located just 500 feet from the Des Plaines Metra stop on the high-traffic Union Pacific Northwest Line, it enjoys exceptional accessibility. A nearby 388-stall public parking garage and a dense surrounding population further drive strong foot traffic.
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