1212 75th St
Downers Grove, IL 60516
Retail Property For Sale

Marcus & Millichap is pleased to present 1212 75th Street, a 76,850 square foot former Ultra Foods grocery store situated on a massive 9.69 acre lot in Downers Grove, Illinois, an affluent Dupage County suburb approximately 20 miles from downtown Chicago. The subject property is part of The Grove Shopping Center, a larger development containing 464,196 square feet of retail space. The Grove Shopping Center boasts national retailers Toys “R” Us, Petco, The Room Place and Ulta Beauty Salon in addition to notable outparcel tenants Chili’s, Pizza Hut, White Castle, Wendy’s, KFC, Advance Auto Parts and Dunkin Donuts among others. The property is well positioned in one of the area’s strongest and most prominent retail corridors. Located on the northwest corner of the signalized intersection of 75th Street (37,000 VPD) and Lemont Road (27,400 VPD), the property benefits from the 64,400 vehicles passing by the property each day as well as the multiple points of access it has on both streets. The average household income within one mile of the property is $102,760 and there are over 236,000 people living within a five mile radius. The affluence and population density of the nearby community together with the property’s visibility and access along heavily traveled 75th Street and Lemont Road, create an ideal environment for a new tenant to thrive. As of February 2017, annual sales for this former Ultra Foods were a healthy $16,692,000. Having operated as a successful, high-volume grocery store with a loyal customer base as recently as June of 2017, the building is in turnkey condition. Ultra Foods had served the needs of the local community at this location for many years. While its sudden departure leaves a void in this south suburban market, it presents a unique opportunity for an incoming investor or developer to capitalize on this strategic Downers Grove location. With Woodgrove Festival Shopping Plaza directly to the south, Downers Park Plaza to the east and Chestnut Court to the southeast, the property is surrounded by national retailers including Kohl’s, Panera Bread, Starbucks, TJ Maxx HomeGoods, Best Buy, Shop & Save, Dollar Tree, Party City, Old Navy, Five Below, Shoe Carnival, JoAnn Fabrics, Ross Dress For Less and many others.