6249 W North Ave - Auto Repair FOR SALE


Oak Park, IL 60302
$640,000 USD
631-572-1428
6249 W North Ave, Oak Park, IL for Sale
$640,000 USD
Auto Repair - FOR SALE
1/5
null | 7.5% Cap Rate

6249 W North Ave
Oak Park, IL 60302


HIGHLIGHTS

  • Long-term tenant with nationwide brand recognition
  • Located on heavily traveled North Ave (IL Route 64), minutes from downtown Oak Park and Chicago city limits.
  • Serves a strong customer base in Oak Park and neighboring areas with high median household income and strong vehicle trac.

OVERVIEW

This is a well-established, single-tenant Midas auto service center located at a highly visible signalized corner on North Avenue in Oak Park. The building is approximately 14,000 SQFT on a .31-acre lot, offering excellent exposure on one of the busiest corridors in the Chicago metro area with daily traffic exceeding 26,000 vehicles. Lease & Tenant: The property is leased on a NN basis, with the tenant responsible for property taxes and insurance. Midas has been at this location since 2008, providing a long-term, stable income stream. The current annual rent is $48,000, which is below market and presents upside potential at lease renewal. Location & Demographics: The site benefits from strong surrounding retail anchors including Target, Home Depot, Walmart, and CVS, driving consistent traffic and visibility. The dense local population and commercial mix support steady business operations. Investment Highlights: NN lease structure minimizes landlord expenses Long-term tenant with national brand recognition Prime corner lot with strong signage opportunities Below-market rent offering potential for increased returns Recession-resistant tenant in essential automotive services This investment represents a solid opportunity to acquire a passive income asset with a creditworthy tenant in a prime retail corridor.

FOR SALE DETAILS

PRICE

$640,000 USD

PRICE/SF

$46 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership, Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

NA

APN/PARCEL ID

16-05-101-001-0000

ASK ABOUT THIS PROPERTY

Nicolas AnzaloneSilber Investment Properties, LTDMore Info
631-572-1428

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Nicolas AnzaloneSilber Investment Properties, LTDMore Info
631-572-1428

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