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ON-MARKET
GROCERY STORES AND SUPERMARKETS

Hi-Rise Grocery Store or Upscale Deli Opportunity

Chicago, IL

$240K
Asking Price
$1.7M
Revenue
Cash Flow

Overview

Established grocery store and deli operation located in a luxury high-rise building in Chicago's downtown core, presenting an exceptional opportunity for an experienced retail food operator. This modern, well-maintained 7,100 square foot facility has been serving the community since 2005 and is positioned for significant growth as nearby office spaces return to full occupancy. BUSINESS OVERVIEW: Currently operated as an absentee-owned business, this upscale grocery and deli concept caters to the convenience needs of high-rise residents and office workers.
The store maintains an established customer base and demonstrates stable operations in a prime urban location. LOCATION ADVANTAGES: Situated within a luxury high-rise building, the business benefits from a captive residential customer base and proximity to approximately 2.5 million square feet of office space within a two-block radius.
This strategic location provides exceptional growth potential as office occupancy rates recover to pre-pandemic levels. FINANCIAL HIGHLIGHTS: GROWTH POTENTIAL: The seller anticipates exponential sales growth as nearby office buildings return to full capacity, creating increased foot traffic and customer demand. The current absentee ownership model suggests potential for improved performance under active owner-operator management.
IDEAL BUYER PROFILE: Seller seeks qualified buyers with retail grocery or foodservice experience, including operators familiar with convenience store formats (7-Eleven, Circle K) or fast-casual concepts (Panera-style operations). This opportunity particularly appeals to current franchisees seeking to eliminate franchise fees and increase personal income potential. The owner is retiring after nearly two decades of successful operation, providing an excellent opportunity for the right operator to acquire an established business in Chicago's competitive downtown market.
  • Asking Price: $240,000 (includes $190,000 inventory)
  • Annual Revenue: $1,800,000
  • Monthly Lease: $15,000
  • Peak Historical Revenue: $5,900,000 (pre-COVID)

Key Details

Year Established2005
StateIL
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