Elston Retail Collection 4 Retail Properties Offered at $72,493,279 in Chicago, IL

The Boulder Group is pleased to exclusively market one of the highest-profile and successful retail properties in Chicago. Kohl’s, Best Buy and BMO have anchored this center for over 20 years.
The long-term stability of this meticulously maintained property is attributed to its extraordinary location, high visibility, easy access, ample parking (4.75:1) and strong demographics. The property is located two miles north of downtown Chicago on the Kennedy Expressway (I-90) at Armitage Avenue between the affluent communities of Lincoln Park (60614) on the east and Bucktown (60622/60647) on the west. The property is immediately adjacent to the Armitage Avenue exit ramps, enjoys exceptional visibility and easy access from the Kennedy Expressway. Over 200 million vehicles drive by this location each year. These unique attributes ensure this property will always be in high demand and continuously occupied.
This 100% leased property consists of Kohl’s, Best Buy, BMO (triple net ground leases with corporate guarantees) and Chicago Speech Therapy. Kohl’s ground lease consists of an approximately 128,000 sf building and expires in 2030. Best Buy’s ground lease consists of an approximately 45,000 sf building and recently exercised the first option of their ground lease expiring in 2030 with no landlord concessions. The BMO ground lease consists of a 4,750-sf building and recently signed a new, 10-year ground lease expiring in 2036. Chicago Speech Therapy recently signed a new 10-year lease for the 8,500-sf building previously occupied for 10 years by Bubbles Academy with rent expected to commence April 2026.