South Loop, Convenience Store, Hits the Market as Business-Only, Sale at $150,000

A convenience store in Chicago’s South Loop is up for sale, and the listing focuses on the business itself rather than the building. That distinction matters for anyone weighing the opportunity. You are buying the operation, its goodwill, and its inventory — not the real estate underneath it.

The listing comes from Ned Malley of Infiniti Properties, a Cook County broker marketing the store to prospective owners and investors. Here is what the listing shows, and what you should verify before moving forward.

The Opportunity and Location

The store sits in the South Loop, Chicago, IL, within Cook County. The South Loop is a residential and commercial neighborhood south of the central business district, with a mix of foot traffic and nearby development.

This is a business-only sale. You acquire the running convenience store operation, not the land or the structure. If you have been looking for an established storefront to step into rather than build from scratch, this type of listing can shorten the setup timeline. It also means your occupancy depends on a lease, not ownership.

Pricing: What the Sale Costs

The asking price is $150,000 for goodwill, plus the cost of inventory. In plain terms, the $150,000 covers the intangible value of the established business — its name, location, and customer base. The inventory on hand is priced separately and added on top.

The exact inventory figure is not listed. That number can shift depending on stock levels at the time of closing, so treat it as a variable rather than a fixed cost.

Reported Sales Performance

The listing reports average annual sales of $530,000, marked NO LOTTO.

That “NO LOTTO” note is worth reading carefully. It signals the store does not currently sell lottery tickets, so the $530,000 figure reflects sales without any lottery revenue. For some buyers, that reads as untapped potential. For others, it is simply a description of the current sales mix. Either way, the number describes gross sales — not profit.

Monthly Rent

The listing states a monthly rent of $100 per month.

This is an unusually low figure for a Chicago retail space, so it deserves direct scrutiny. Confirm the full lease terms before you rely on it.

Ask what the lease covers, how long it runs, whether the rate escalates, and what happens at renewal. A low headline rent can carry conditions that a buyer needs to understand up front.

What Is Included in the Sale

Based on the listing, the sale includes:

• The established convenience store business and its goodwill
• The store’s inventory, priced separately at cost
• The operating location under its existing lease terms

The listing does not detail equipment, fixtures, licenses, or specific lease conditions. Those items are common points to confirm in writing during due diligence.

Buyer Due-Diligence Considerations

Sales figures on a flyer are a starting point, not verified financials. Before you commit, work through the details that affect the real value of the deal.

1. Verify the sales figures. Request point-of-sale reports, bank statements, and tax returns to confirm the reported $530,000 average.
2. Separate sales from profit. The listing shows gross sales, not net income. Ask for expense records to understand what the business actually keeps.
3. Read the lease in full. Confirm the $100/month rent, the term length, renewal options, and any escalation or pass-through costs.
4. Price the inventory. Get a current inventory count and valuation, since it is added on top of the $150,000.
5. Check licenses and permits. Confirm which licenses transfer and which you must obtain as the new owner.
6. Review equipment and fixtures. Clarify what conveys with the sale and its condition.
7. Understand the “NO LOTTO” note. Decide whether adding lottery sales is realistic and what approval it would require.

Each of these steps helps you decide whether the asking price matches the actual operation.

Confidentiality Notice for Prospective Buyers

The listing includes a firm request for discretion. You are welcome to visit the site, but under no circumstances should anyone speak with the employees. The seller describes this as a confidential business sale and does not want the transaction to affect ongoing operations.

All questions should go to the broker by phone or email — not to store staff. Respect that boundary if you plan to view the location.

Real Estate Contact Details

Direct all inquiries to the listing broker:

• Ned Malley — Residential & Commercial Real Estate Investments
• Infiniti Properties
• Phone: 708.296.1295
• Email: nedmalley@aol.com
• Celebrating 30 years in business, 1993–2023

If this listing fits what you are looking for, the next step is to contact Ned Malley directly to request the financial records and lease terms you will need to evaluate the deal.