630-573-7075
1701-1799 N Larkin Ave, Crest Hill, IL for Sale
Retail - FOR SALE
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1701-1799 N Larkin Ave
Crest Hill, IL 60403


HIGHLIGHTS

  • Kroger Backed Food 4 Less Anchor
  • Recent Leasing Momentum Highlighting Underlying Real Estate Fundamentals
  • ???????Service-Oriented Tenant Mix with Long Operating History
  • Irreplaceable Location & Excellent Frontage within the Chicago MSA
  • Will County Location — Low Predictable NNN Expense Structures

OVERVIEW

CBRE’s National Retail Partners is pleased to present as the exclusive advisor, Hillcrest Shopping Center, a 253,138 square foot grocery-anchored center located in Crest Hill, IL, a southwest suburb just north of Joliet and 40 miles from downtown Chicago. The Property is anchored by Food 4 Less (a Kroger concept), and home to national tenants such as Dollar Tree, Harbor Freight Tools and Citi Trends. The Property also features a diverse mix of specialty tenants. Hillcrest Shopping Center features value-add opportunities with significant value coming from the ability to mark rents to market on expiring tenants. The Property also contains 9,775 square feet of vacancy, allowing a future owner to step in and lease-up available space.  The Property has experienced significant leasing momentum, with the most recent example being Smoothie King signing a 10-year lease in 2025. Hillcrest Shopping Center is highly visible from the signalized intersection of Larkin Road and Plainfield Avenue with traffic counts exceeding 47,500 VPD. The Property is also approximately 3 miles south of Interstate 55 which sees over 60,000 vehicles per day. The Property serves a dense trade area with over 142,000 residents earning an average household income of $86,808. According to Placer.ai, Hillcrest Shopping Center ranked in the top 25 percent of shopping centers nationwide with over 2 million visits in 2024. Furthermore, Harbor Freight is the #1 store within a 15-mile radius and Dollar Tree is in the 30th percentile for its chain nationwide.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hillcrest Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

1075

LAND DETAILS

CROSS STREETS

Plainfield Rd

LAND ACRES

27.21 AC

LAND SF

1,185,268 SF

ZONING

B-2; Crest Hill

APN/PARCEL ID

11-04-31-404-012

ASK ABOUT THIS PROPERTY

630-573-7075

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630-573-7075

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