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    1586 W Lane Rd Machesney Park, IL 61115

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    For Sale
    $2,400,000

    NNN leased Church’s Chicken in Machesney Park, Illinois.

    Property size:
    3,000 SF
    Lot size:
    0.77 Acres

    Property Features for 1586 W Lane Rd

    General Information

    Size
    3,000 SF
    Lot size
    0.77 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

    Drive-Thru Church’s Chicken Investment Property

    This property is an absolute NNN leased, drive-thru equipped, Church’s Chicken investment property located in Machesney Park, Illinois. The tenant recently signed a 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities, making it an investment opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    KFC Chicken Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Machesney Park
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.015955
    Latitude
    42.36621

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    FAQs

    What type of property is this?
    Drive through restaurant - NNN leased Church’s Chicken in Machesney Park, Illinois.
    Where is this drive through restaurant located?
    The property is located at 1586 W Lane Rd Machesney Park, IL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Absolute NNN lease offers a management-free, passive investment.; - Recently signed 15-year lease demonstrates long-term tenant commitment.; - Drive-thru equipped Church's Chicken location.
    (312) 972-7978
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    1586 W Lane Rd Machesney Park, IL 61115
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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
    1586 W Lane Rd Machesney Park, IL 61115
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