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  1. Commercial Properties
  2. IL
  3. Melrose Park

Silo Square

For Sale

1501-1527 West North Avenue, Melrose Park, IL 60160

The multi-tenant retail center is located at the northwest corner of the North Avenue & 15th Avenue signalized intersection in Melrose Park, Cook County, Illinois. Melrose Park is a western suburb of Chicago and features strong demographics with over 185,000 people within three (3) miles of the Property and an average household income of over $90,000 within three (3) miles. The Property is conveniently located four (4) miles from O’Hare International Airport and 3.5-miles from the Interstate-290/294 interchange. The Property is well located in Melrose Park’s primary trade area at the corner of North Avenue & 15th Avenue providing exposure and visibility to approximately 48,000 VPD. Neighboring retailers include Costco, Target, Jewel-Osco, Cermak Fresh Market, ALDI, Cinemark Melrose Park, Walgreens, Best Buy, Carters, Foot Locker, Burlington, Ross Dress 4 Less. Marshalls, Party City, Five Below, Dollar Tree, AutoZone Auto Parts, O’Reilly Auto Parts, Wendy’s, Taco Bell, Raising Cane’s, Panda Express, Chipotle and Starbucks, among many other national retailers.Silo Square is a multi-tenant retail center located in west suburban Melrose Park. The building was renovated in 2011 and consists of approximately 42,000 SF. Tenants at the building include H&R Block, Subway, #1 Nails, Hanna’s Gaming, Foremost Liquors, Alshaam Mediterranean Restaurant, Tiffany's Bistro and Big Cloud Vape & Tobacco. The center features excellent frontage along North Avenue (277’), and dual-sided pylon signage at the corner of the signalized intersection at North Avenue & 15th Avenue (Approx. 48,000 VPD). Neighboring retailers include Costco, Target, Jewel-Osco, Cermak Fresh Market, ALDI, Cinemark Melrose Park, Walgreens, Best Buy, Carters, Foot Locker, Burlington, Ross Dress 4 Less. Marshalls, Five Below, Dollar Tree, AutoZone Auto Parts, O’Reilly Auto Parts, Wendy’s, Taco Bell, Raising Cane’s, Panda Express, Chipotle and Starbucks, among many other national retailers.Silo Square is a multi-tenant retail center located in west suburban Melrose Park. The building was renovated in 2011 and consists of approximately 42,000 SF. Tenants at the building include H&R Block, Subway, #1 Nails, Hanna’s Gaming, Foremost Liquors, Alshaam Mediterranean Restaurant, and Big Cloud Vape & Tobacco. There are four (4) vacancies at the center ranging from 1,860 - 8,600 SF. The center features excellent frontage along North Avenue (277’), and dual-sided pylon signage at the corner of the signalized intersection at North Avenue & 15th Avenue (Approx. 48,000 VPD). Neighboring retailers include Costco, Target, Jewel-Osco, Cermak Fresh Market, ALDI, Cinemark Melrose Park, Walgreens, Best Buy, Carters, Foot Locker, Burlington, Ross Dress 4 Less. Marshalls, Five Below, Dollar Tree, AutoZone Auto Parts, O’Reilly Auto Parts, Wendy’s, Taco Bell, Raising Cane’s, Panda Express, Chipotle and Starbucks, among many other national retailers.

Key features

  • Conveniently located in Melrose Park’s primary trade area at the corner of North Avenue & 15th Avenue
  • Excellent frontage along North Avenue (277’), and dual-sided pylon signage at the corner of the North Avenue & 15th Avenue signalized intersection providing exposure and visibility to approximately 48,000 VPD
  • Large parking lot totaling 94-surface level spaces
  • Rare opportunity to acquire a positive cash flowing retail center with the ability to add value through leaseup
  • Seven (7) of the 10 tenants are on NNN leases

Building Details

  • For Sale Subject To Offer
  • Property Type Retail - Strip
  • Property Size 41,925 SF
  • Units 11
  • Additional Rent Price on request
  • Property Tenancy Multi-Tenant
  • Date Updated Sep 30, 2026
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Contacts

broker
Matthew Tarshis

Frontline Real Estate Partners

Location

  • City Melrose Park, IL
  • Zip Code 60160
  • Market Chicago
  • Map
  • Street
  • Walk score 82/100 Very Walkable
  • Transit score 37/100 Some Transit
  • Bike score 68/100 Bikeable
Powered by Walk Score ®

Points of Interest

Maywood

1.61 miles

Franklin Park

2.02 miles

Belmont Avenue (Franklin Park)

2.09 miles

Elmwood Park

2.23 miles

Schiller Park

3.80 miles

Elmhurst

4.59 miles

Rosemont

4.72 miles

Terminal 5

4.95 miles

Rosemont Blue Line Station

5.22 miles

Terminal 1

5.57 miles

7-Eleven

0.59 miles

Citgo

0.62 miles

Food 4 Less

0.65 miles

Delta Sonic

0.68 miles

Costco Gasoline

0.88 miles

Marathon

1.41 miles

BP

1.46 miles

Mobil

1.53 miles

Shell

1.55 miles

eVgo

3.19 miles

Student Parking

0.56 miles

Visitor Parking

0.65 miles

Cernan Parking

0.80 miles

West Parking Lot

1.54 miles

Greenfield Parking Lot

1.55 miles

Parking Garage

1.57 miles

Visitors Parking

1.65 miles

East Parking Lot

1.68 miles

ALDI

0.18 miles

Marshalls

0.29 miles

Jewel-Osco

0.51 miles

Target

0.53 miles

Food 4 Less

0.67 miles

Carnicerias Jimenez Fresh Market

1.07 miles

Torres Supermercado

1.20 miles

dd's Discounts

1.53 miles

Burlington

1.55 miles

Tony's Fresh Market

1.58 miles

Listing Summary

  • Property Financials

    1501-1527 West North Avenue is currently listed for sale at Subject To Offer.

  • Property Details

    1501-1527 West North Avenue totals 41,925 square feet of Retail space.

    Tenancy at 1501-1527 West North Avenue is listed as Multi-Tenant, comprising a total of 11 units.

  • Area Characteristics

    In terms of ease of commuting, the area has a walk score of 82, indicating that it is very walkable.

Contact Matthew Tarshis
broker
Matthew Tarshis

Frontline Real Estate Partners

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