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    200 W Ave N Melrose Park, IL

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    For Sale
    $5,767,000

    NNN leased, corporate guaranteed Goodwill in Melrose Park, Illinois.

    Property size:
    18,200 SF
    Lot size:
    1.82 Acres

    Property Features for 200 W Ave N

    General Information

    Size
    18,200 SF
    Lot size
    1.82 Acres

    Source: SRS Real Estate Partners | Chicago Agent Dan Elliot

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

    Overview

    NNN Leased Goodwill Investment Opportunity

    This is an opportunity to acquire the fee simple interest in a NNN leased, corporate guaranteed, freestanding Goodwill investment property located in Melrose Park, Illinois, within the Chicago MSA. The tenant, Goodwill Retail Services, Inc., has 6 years of firm term remaining on the lease, with an additional 3 (5-year) option periods available for extension. The lease structure is NNN with limited landlord responsibilities. The lease includes 8% rental increases every 5 years throughout the initial term and option periods. The property is 18,200 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Melrose Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8567276
    Latitude
    41.9005865

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    FAQs

    What type of property is this?
    Retail space - NNN leased, corporate guaranteed Goodwill in Melrose Park, Illinois.
    Where is this retail space located?
    The property is located at 200 W Ave N Melrose Park, IL.
    What is the asking price?
    The asking price for this property is $5,767,000.
    What are key features of this property?
    This property features: - NNN lease offers a low-management, passive investment.; - Corporate guarantee from Goodwill Retail Services, Inc. provides investment security.; - Located in Melrose Park, IL, within the Chicago MSA.
    (312) 972-7978
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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
    200 W Ave N Melrose Park, IL
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