Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Chicago & Midwest  + Greater Chicagoland  + Retail  | 

Lee & Associates of Illinois Negotiates $1.8M Sale of Retail Pad in Alsip

Lee & Associates of Illinois negotiated a $1.8 million sale of a 1.03-acre retail pad located at 4839 W. 111th Street, Alsip, Illinois. The property was formerly the Bakers Square Restaurant and will now be the home of a new Belle Tire development.

Rick Scardino, Principal at Lee & Associates, represented the seller, Orion Capital. Dave and Ryan Chopp of DRC Realty, LLC represented the buyer, Barnes Development Company d/b/a Belle Tire, an American tire, wheel, and automotive service retailer headquartered in Allen Park, Michigan.

“We were able to create tremendous interest in this site and generate numerous competing offers to exceed pricing expectations,” said Scardino. The property’s location is a sought-after site at the 111th Street and Cicero Avenue quadrant, which sees a traffic count of nearly 25,000 vehicles per day. Belle Tire operates more than 130 locations in Michigan, Indiana, Ohio, and Illinois.


Inside The Story

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.