List Search

6921 Dempster St
Morton Grove, IL 60053 Near North Suburban Cook

$4,900,000 USD

General Retail For Sale  •  22,000 SF

Property Details

  • Property Type General Retail
  • Total Building Size 22,000 SF
  • Lot Size 0.99 AC
  • Building Class C
  • Year Built 2020
  • Cap Rate 7.41 %
  • Tenancy Single
  • Zoning C1
43 Transit Score
54 Walk Score

Highlights

February 2027 Rent Bump | Ross Dress for Less signed a 10-year lease in 2020 which includes a 4.5% rent bump in February 2027.
Investment-Grade Tenancy with Corporate Guaranty
High Traffic Counts in a Desirable Location
Complementary Tenancy
Adjacent to The Residences at Sawmill Station | 250 Apartments
Robust Chicago MSA

Financial Summary (Actual)

Net Operating Income: $363,000 USD (2025)
Cap Rate: 7.41 %

Major Tenants

Tenant SF Occupied Lease End Date
ROSS Dress for Less 22,000 SF 1/31/2032

Public Transportation

Commuter RailDriveWalkDistance
Morton Grove Station (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 1.4 mi
Golf Station (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 1.7 mi
AirportDriveWalkDistance
Chicago O'Hare International 17 min - 9.3 mi
Chicago Midway International 35 min - 20.5 mi
Michael Kaider CBRE, Inc.
Michael Kaider CBRE, Inc.