Oak Park Ground Lease
11 North Harlem Avenue Oak Park, IL 60302
11 North Harlem Avenue, Oak Park, IL, 60302
$3,450,000
For Sale
$3,450,000
Ground lease with corporate tenant in prime Oak Park location.
Days on Market137
Property Features for 11 North Harlem Avenue
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 1985
Listing agency
NAI Hiffman
(630) 317-0729
Listed by
Adam Johnson · License #475123331
Source
Naiglobal
Added: Mar 6 Updated: Jul 10 at 3:48PM Checked: Jul 15 at 12:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Hiffman
Investment Insights
Based on property information with market context.
This ground lease, secured by Wendy’s Corporate since 1985, is located at the corner of Harlem Avenue and Madison Street in Oak Park. The ground lease has no landlord responsibilities; the tenant covers all expenses, taxes, and site maintenance. Situated on a hard corner with a stoplight, the location is desirable for Wendy’s. The site is just north of the full interchange at Harlem Avenue and I-290 and west of downtown Oak Park. Multiple lease options are available through 2040. The location benefits from high traffic counts, with 34,800 vehicles per day on Harlem Avenue and 13,500 vehicles per day on Madison Street. The property is zoned MS (Madison Street Zoning District) and offers strong re-development potential.
Key Highlights
- Corporate lease secured by Wendy's Corporate since 1985.
- Prime corner location at Harlem Avenue and Madison Street with a stoplight.
- Single tenant ground lease with no landlord responsibilities; tenant pays all expenses.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wendy's
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Ground lease with corporate tenant in prime Oak Park location.
Where is this drive through restaurant located?
The property is located at 11 North Harlem Avenue Oak Park, IL.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Corporate lease secured by Wendy's Corporate since 1985.; **Prime corner location at Harlem Avenue and Madison Street with a stoplight.**; Single tenant ground lease with no landlord responsibilities; tenant pays all expenses.
