7411 W Grand Ave — Lease in Elmwood Park, IL
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Elmwood Park, IL 60707
Photos
Description
Retail For Ground Lease or Build to Suit at 7411 W Grand Ave + 1.2 Acres of Land for Ground Lease or Build to Suit + Excellent Visibility with Direct Frontage on Grand Ave + Heart of Densely Populated Elmwood Park + Surrounded by Rooftops - Over 280,000 People within 3 miles + High Incomes - Over $105,000 Avg HH Incomes + Several Daily Traffic Generators Near Metra Station, Grocery, Fitness & Restaurants
Market Context
This retail in Elmwood Park, IL is listed for lease. Compare it against other retail listings for lease in Elmwood Park, IL — view the full market.
As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Retail market FAQ
- What is the typical cap rate for retail in Chicago?
- About 7.9% as of Q4 2025, per multiple brokerage reports.
- Is the Chicago retail market tightening or softening?
- Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).
Contact
- Sean McCourt · 312 297 7688 · sean.mccourt@cbre.com
- Alex Corno · 312 935 1050 · alex.corno@cbre.com
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