BELLWOOD, IL — August 19, 2026 — Gomez Group of Cushman & Wakefield is presenting an investment opportunity at Washington Square, a two-building, multi-tenant retail center located at the northwest corner of 25th Avenue and Washington Boulevard in Bellwood, Illinois, within the Chicago metropolitan statistical area (MSA). The property is currently offered at $4.623 million and features an 8.00% capitalization rate.

The 42,192-square-foot Washington Square retail center occupies approximately 4.63 acres and was built in 1998. The property is anchored by Dollar General and Oak Street Health, with a complementary mix of restaurant, retail, and healthcare tenants operating under triple-net lease structures.

Strategically Positioned Retail Investment

Washington Square benefits from its location at 25th Avenue and Washington Boulevard, providing strong visibility and accessibility within the established Bellwood retail market. According to property data presented by Gomez Group, 25th Avenue carries approximately 19,600 vehicles per day, while the center generates more than 6,400 weekly visits, based on Placer.ai data.

The property's tenant and surrounding retail environment also contribute to its consumer draw. Dollar General is identified as a top-performing location within the chain, ranking in the 87th percentile nationwide and generating more than 14,300 monthly visits. An adjacent shadow anchor, McDonald's, ranks in the 95th percentile nationally in the Fast Food & QSR category, with more than 14,500 weekly visits.

These traffic and visitation metrics highlight the property's established position within a highly accessible infill retail environment.

Supported by Residential and Commercial Development

Washington Square is positioned within an evolving Bellwood submarket that is benefiting from new residential, commercial and employment-oriented development.

The center is directly adjacent to the newly developed Bellwood Senior Apartments, providing a nearby residential customer base for Oak Street Health and other tenants at the property. The surrounding area is also experiencing additional investment, including Bellwood Gateway, a $43 million mixed-use workforce housing and retail project anticipated for completion in the third quarter of 2026.

Another significant development is planned less than half a mile from Washington Square. A new 190,000-square-foot Class A industrial facility on a 130-acre site is scheduled for delivery in spring 2027. The project has the potential to further strengthen the area's employment base and contribute to consumer demand in the surrounding trade area.

Together, these developments provide additional context for investors evaluating the property's long-term position within the Chicago MSA.

Strong Demographic Foundation

Washington Square serves a substantial surrounding population. Gomez Group's property data indicates a 2025 population of approximately 467,702 residents within a five-mile radius, with 173,431 households in the same area. Average household income within five miles is approximately $116,491, while total specified consumer spending is estimated at $5.6 billion.

The property also benefits from a diversified surrounding consumer base. Within a five-mile radius, the demographic profile includes approximately 111,900 owner-occupied households and 61,581 renter-occupied households, creating a broad base of potential customers for the center's retail and healthcare tenants.

An 8% Cap Rate Retail Investment Opportunity

At an asking price of $4,623,000 and an 8.00% cap rate, Washington Square provides investors with an opportunity to evaluate a multi-tenant retail asset combining established tenancy, daily traffic exposure, surrounding residential density and ongoing development activity.

The property's combination of Dollar General and Oak Street Health anchors, additional retail and healthcare tenants, triple-net lease structures and strategic infill location makes Washington Square particularly relevant to investors seeking retail assets with multiple demand drivers.

Rather than relying on a single factor, the investment profile is supported by the property's physical characteristics, tenant mix, consumer traffic, surrounding demographics and continued development in the Bellwood area.

Gomez Group's National Net Lease Expertise

Gomez Group of Cushman & Wakefield specializes in the disposition of Net Lease and Shopping Centers nationwide. According to the firm's website, the group has completed more than $2 billion in property sales across 43 states and has built its platform over more than 19 years in partnership with Cushman & Wakefield's global network.

The firm emphasizes market analysis, targeted marketing strategies and negotiation expertise across a range of commercial real estate assets, from single-tenant properties to multi-asset portfolios. Its proprietary investor network, combined with Cushman & Wakefield's national reach, is positioned to connect investment opportunities with qualified private capital.

Washington Square is currently featured among Gomez Group's available properties alongside other national net lease and retail investment opportunities.

About Washington Square

Washington Square – Dollar General & Oak Street Health Anchored Retail Center

Location: NWC of 25th Avenue & Washington Boulevard, Bellwood, IL 60104
Market: Chicago MSA
Asking Price: $4,623,000
Cap Rate: 8.00%
Year Built: 1998
Building Size: 42,192 square feet
Land Size: ±4.63 acres
Property Type: Multi-tenant retail investment
Anchors: Dollar General and Oak Street Health

Investors seeking additional information about the Washington Square offering, including the property's offering memorandum and investment details, can contact Gomez Group of Cushman & Wakefield.

About Gomez Group of Cushman & Wakefield

Gomez Group of Cushman & Wakefield is a national Net Lease and Shopping Center brokerage team focused on providing personalized commercial real estate solutions with national reach. The group specializes in investment sales and dispositions and leverages its investor network together with Cushman & Wakefield's broader platform to identify and market commercial real estate investment opportunities.

Media & Investment Inquiries:
Gomez Group of Cushman & Wakefield
Phone: (858) 822-9811
Email: [email protected]
Website: https://gomezgroup.com/

Property: Washington Square – Dollar General & Oak Street Health Anchored Retail Center

All property information, pricing, capitalization rate, demographic figures, traffic counts, visitation metrics and development details are based on information published by Gomez Group for the Washington Square offering and should be independently verified by prospective investors.