2315 W Ogden Ave - Fast Food FOR SALE


Chicago, IL 60608- Illinois Medical District
$3,750,000 USD
847-562-0003
2315 W Ogden Ave, Chicago, IL for Sale
$3,750,000 USD
Fast Food - FOR SALE
1/3
null | 3.99% Cap Rate

2315 W Ogden Ave
Chicago, IL 60608
Illinois Medical District


HIGHLIGHTS

  • Investment Grade Tenant - McDonald’s holds a BBB+ rating from Standard & Poor’s.
  • Long-Term Ground Lease – Long-term lease through May 2038 with no landlord responsibilities.
  • Rental Escalations Every 5 Years – 7% rental escalations every 5 years, the next scheduled for May 2028.
  • World’s Largest Restaurant Chain - McDonald’s operates more than 13,700 restaurants across the United States and approximately 45,000 restaurants
  • Dense, Affluent Trade Area – 1.1 million residents within five miles and a six-figure average household income of $106,098 within one mile.
  • Signalized Hard-Corner Location - Situated at the intersection of Roosevelt Road (20,800 VPD) and Ogden Avenue (19,900 VPD)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single-tenant, ground-leased McDonald’s property located in Chicago, Illinois. The property was purpose-built for McDonald’s in 2018 on a 0.9-acre parcel and is operating on a long-term ground lease through May 2038. The lease features 7% rental escalations every ?ve years throughout the primary term, with the next increase occurring in May 2028, and includes eight ?ve-year renewal options. McDonald’s Corporation is a publicly traded, investment-grade company (S&P: BBB+). The 3,876 square-foot restaurant is positioned at the signalized, hard-corner intersection of Roosevelt Road and Ogden Avenue, two of Chicago’s primary commercial corridors, which carry a combined 40,000+ vehicles per day. The site also bene?ts from close proximity to Interstate 290, which carries more than 210,000 vehicles per day. The property sits within the Illinois Medical District, one of the largest concentrations of academic medical centers in the world, anchored by Rush University Medical Center (664 beds), John H. Stroger Jr. Hospital of Cook County (464 beds), and Jesse Brown VA Medical Center. The site also bene?ts from its dense, in?ll Chicago location near the University of Illinois Chicago campus (36,000 students) and Downtown Chicago’s Loop. The property is further surrounded by a diverse mix of major demand drivers, including the Union Paci?c GLOBAL-1 (Chicago’s intermodal yard), Cinespace Chicago Film Studios, the FBI Chicago Field Office, the Illinois State Police, and the Cook County Juvenile Center, all of which contribute steady employee, visitor, and institutional traffic to the immediate trade area. There are more than 1,106,000 residents within a ?ve-mile radius of the property, with an average household income exceeding $106,000 within one mile. McDonald’s Corporation is the world’s largest restaurant company and one of the most recognized brands globally. Founded in 1940 by Dick and Mac McDonald in San Bernardino, California, the company has grown into a global quick-service restaurant leader serving customers across more than 100 countries. As of year-end 2025, the McDonald’s system consisted of approximately 45,000 restaurants worldwide, with approximately 95% operated by franchisees. The company generated more than $139 billion in systemwide sales in 2025 and continues to expand its global restaurant footprint. McDonald’s Corporation is publicly traded on the New York Stock Exchange under the ticker symbol MCD and is headquartered in Chicago, Illinois.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$883 USD /SF

CAP RATE

3.99%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

McDonald's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

C1-2

APN/PARCEL ID

17-19-104-006-0000

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.