Melrose Park - Menard's Outlot — Lease in Melrose Park, IL
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Melrose Park, IL 60160
Photos
Description
+ 2,633 SF Available w/ 1,641 SF Mezzanine + Anchored by Menards + Heavily Trafficked North Ave 40,900 VPD + Easy Full Access at Traffic Light + Convenient Parking in front and back
Market Context
This retail in Melrose Park, IL is listed for lease. Compare it against other retail listings for lease in Melrose 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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