LA Fitness | Recent 10 Yr Lease Extension | 7.50% Cap… — Sale in Broadview, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Broadview, IL 60155
Photos
Investment Figures
- Cap rate
- 7.50%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present LA Fitness in Broadview, IL. Investment Highlights: • Strong Commitment & Future Upgrades • Part of Broadview Village Square Power Center • Top Performing Corporate Location • Strong Demographics and Economic Growth
Market Context
This retail in Broadview, IL is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Broadview, 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.
Its 7.5% asking cap rate is below the Chicago retail market average of about 7.9%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade 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).
Estimated Price per SF
$56.15/SF – $408.36/SF
Mid: $170.15/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Mark Thiel · (858) 373-3206 · mark.thiel@marcusmillichap.com
- Jake Bordelon · (858) 373-3133 · jake.bordelon@marcusmillichap.com
- Steven Weinstock · (630) 570-2250
- Chad O'Connor · (858) 373-3146 · chad.oconnor@marcusmillichap.com
Explore this market
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