Investment Overview

Homewood, Illinois is a thriving south suburban community located approximately 22 miles south of Chicago's Loop in Cook County. Situated immediately south of the convergence of Interstate 80 and Interstate 294 — one of the most significant highway interchanges in the Chicago metro — the village serves as a natural commercial hub for a dense and affluent multi-suburb trade area encompassing Flossmoor, Olympia Fields, Hazel Crest, Glenwood, Country Club Hills, and South Holland. The subject property sits along S. Halsted Street, Homewood's dominant retail corridor, which carries over 35,000 vehicles per day and generates more than 60% of the village's total commercial sales tax revenue. The corridor is anchored by a deep roster of national credit tenants including Target, Home Depot, Menards, Kohl's, Best Buy, Burlington, Chick-fil-A, Portillo's, Chipotle, Starbucks, and Panera Bread — one of the highest concentrations of national retail in Chicago's south suburbs. The surrounding consumer base is both sizable and financially strong. The 60430 ZIP code reports a median household income of approximately $96,600 — well above the national median — with average household income reaching $108,600 in 2024. Over 81% of residents are homeowners, and nearly 47% of adults hold a bachelor's degree or higher, reflecting a stable, educated, and high-spending demographic. The region's economic momentum is further reinforced by several major demand drivers. Wind Creek Chicago Southland, a 70,000-square-foot casino that opened in November 2024 at 17300 S. Halsted Street — less than half a mile from the subject — is projected to generate approximately $160 million in annual gross gaming revenue and has created over 1,000 full-time jobs. Major healthcare employers including Franciscan Health Olympia Fields and Advocate South Suburban Hospital in Hazel Crest add thousands of daytime workers to the trade area. Metra Electric and Amtrak service at the Homewood station provide direct connectivity to downtown Chicago, sustaining consistent commuter-driven traffic along the corridor daily.