Remodeled Auto Shop Investment Opportunity

845-847 Madison St, Oak Park, IL

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For Lease

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Single-tenant net lease auto shop in Chicago MSA for sale.

Type:RETAIL

Property size:

10,432 SF

Lot size:

0.24 Acres

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and status of this listing

Peter Block

Real Estate License ID: 471002226

HighLights

15‑year single‑tenant net lease provides stable, long‑term income.
7.70% cap rate offers a strong return on investment.
Located on Madison St. with high daily traffic count (18,890+).
High population density within 1 and 3 mile radii.
Recession‑proof business (auto‑maintenance and repair).
Tenant is a Meineke franchise, a leading brand under Driven Brands.

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For Lease

Contact for pricing

Single-tenant net lease auto shop in Chicago MSA for sale.

Type:RETAIL

Property size:

10,432 SF

Lot size:

0.24 Acres

Added:: Nov 24, 2025
Days on Market:: 224
Last Refresh:: Jul 4 at 7:35 am

Property Features for 845-847 Madison St

General Information

Standard status: Active
Size: 10,432 SF
Lot size: 0.24 Acres
Property subtype: RETAIL

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Contact an agent

Peter Block

Listing office Colliers | Chicago Rosemont

Listing date Nov 24, 2025

Source Moodyscre

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 Colliers | Chicago Rosemont

HighLights

15‑year single‑tenant net lease provides stable, long‑term income.
7.70% cap rate offers a strong return on investment.
Located on Madison St. with high daily traffic count (18,890+).
High population density within 1 and 3 mile radii.
Recession‑proof business (auto‑maintenance and repair).
Tenant is a Meineke franchise, a leading brand under Driven Brands.

Overview

This 10,432-square-foot property presents an opportunity to acquire a remodeled Meineke location in the Chicago MSA. Situated on Madison Street, just north of the I-290 expressway, the property benefits from a location on a commercial retail corridor, surrounded by industrial parks and residential areas. Madison Street sees daily traffic of over 18,890 people. The surrounding area has a population of over 40,000 within 1 mile and over 294,600 within 3 miles of the store. The single-tenant building is leased for a 15-year term.

Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

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Location Insight

Map
Local Demand

City: Oak Park
County: Cook
State: Illinois
Longitude: -87.7964
Latitude: 41.8795

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For lease
Auto shops
IL
Oak Park
845-847 Madison St

What type of property is this?

Auto shop - Single-tenant net lease auto shop in Chicago MSA for sale.

Where is this auto shop located?

The property is located at 845-847 Madison St Oak Park, IL.

What are key features of this property?

This property features: 15‑year single‑tenant net lease provides stable, long‑term income.; 7.70% cap rate offers a strong return on investment.; Located on Madison St. with high daily traffic count (18,890+).

845-847 Madison St, Oak Park, IL

Single-tenant net lease auto shop in Chicago MSA for sale.

Property Features for 845-847 Madison St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Lease

Oak Park

Comedy Plex Comedy Club

Two-Story Office Building in Oak Park

Retail Strip Center For Rent

Oak Park Office/Retail Building

Oak Park Office Building Suites

Oak Park Office Suite

Downtown Oak Park Retail Space

Commercial Space for Lease

Two-Story Office Building in Oak Park

Oak Park Office Building

Oak Park Office with Basement

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