845 Madison St - Auto Repair FOR SALE


Oak Park, IL 60302
$1,813,333 USD
847-384-2840
845 Madison St, Oak Park, IL for Sale
$1,813,333 USD
Auto Repair - FOR SALE
1/4
null | 7.5% Cap Rate

845 Madison St
Oak Park, IL 60302


HIGHLIGHTS

  • Located in main retail corridor with numerous national brands
  • Populated residential area with 294,600+ within 3 mile radius
  • Property is proximate to national tenants Jewel, Walgreens, Wendy’s, Rosati’s and more
  • Brand new lease term
  • Well know national brand
  • Absolute NNN lease

OVERVIEW

Colliers Net Lease Investment Group is pleased to present to qualified investors the opportunity to acquire a 100% fee interest in a remodeled Meinke location in the Chicago MSA. This is a chance to acquire a recession proof single- tenant net lease with a good operating history and a growing franchisee. Meineke is one of the leading brands in auto-maintenance and repair and is now under the Driven Brands umbrella. This 10,432-square-foot property is located on Madison St. just North of I-290 expressway. The property sits on a commercial retail corridor surrounded by industrial parks and residential. Madison Street brings 18,890+ people by the property daily. There are over 40,000+ people within 1 mile and 294,600+ people within 3 miles of the store. The single-tenant building is leased for a 15 year term and is offered at $1,813,333 corresponding to a 7.50% cap rate.

FOR SALE DETAILS

PRICE

$1,813,333 USD

PRICE/SF

$174 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

MS - Madison Street

APN/PARCEL ID

16-18-106-012-0000

ASK ABOUT THIS PROPERTY

Peter BlockColliersMore Info
847-384-2840

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Peter BlockColliersMore Info
847-384-2840

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