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    845-847 Madison St Oak Park, IL 60302

    For Sale
    $1,766,234

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

    Property size:
    10,432 SF
    Lot size:
    0.24 Acres

    Property Features for 845-847 Madison St

    General Information

    Size
    10,432 SF
    Lot size
    0.24 Acres

    Source: Colliers | Chicago Rosemont Agent Peter Block

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Auto Shop Investment Opportunity

    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

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Perfection Auto Body, Town & Country Import Cars, Inc., ABC Compramo, Russo's Auto Service, Stelton at Paul Ries & Sons

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7964196
    Latitude
    41.8795341

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    FAQs

    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 is the asking price?
    The asking price for this property is $1,766,234.
    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+).
    (312) 343-1800
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    845-847 Madison St Oak Park, IL 60302
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