Retail Business for Sale in Matteson, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Matteson, IL 60443

Description

Marcus & Millichap is pleased to present this exclusive opportunity to acquire an LA Fitness located in Matteson, Illinois, a high-traffic south suburban Chicago market. The 23,803 SF facility sits on a 2.20-acre parcel and is secured by an Absolute Net lease with Fitness International, LLC, generating $300,000 in annual NOI. The lease runs through December 2034 with three 5-year renewal options featuring 15% rent increases at each option, offering long-term, passive income with zero landlord responsibilities. The property is strategically positioned with direct access to I-57 (79,500+ VPD) and strong visibility along Cicero Avenue (21,000+ VPD), totaling 130,000+ vehicles per day nearby. Located just 30 minutes from downtown Chicago, the asset benefits from proximity to the planned Market Square Crossing redevelopment, a 50-acre mixed-use project expected to drive increased traffic and long-term value. Offered at $4,000,000 with a 7.50% cap rate, this investment represents a secure, high-credit opportunity in the 9.6 million-person Chicago MSA. Investment Highlights: • Secure Long-Term Absolute Net Lease • Growth Market Fundamentals • Catalyst Redevelopment Nearby • Strategic Location in South Suburbs

Market Context

This retail in Matteson, IL is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 52 days. Compare it against other retail listings for sale in Matteson, IL — <a href="/search/sale/retail/illinois/matteson">view the full market</a>.

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