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    1850 Army Trail Rd Hanover Park, IL 60103

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    For Sale
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    NNN leased freestanding Neehee’s Restaurant in Hanover Park, Illinois.

    Property size:
    4,860 SF
    Lot size:
    1.51 Acres

    Property Features for 1850 Army Trail Rd

    General Information

    Size
    4,860 SF
    Lot size
    1.51 Acres

    Source: SRS Real Estate Partners | Chicago Agent Denis Rusulov

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

    Overview

    Freestanding NNN Restaurant Investment Opportunity

    This is an opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding Neehee’s Restaurant investment property located in Hanover Park, Illinois (Chicago MSA). The property is 4,860 square feet. The tenant, RYS Foods, LLC, recently exercised its second 3-year option to extend, demonstrating their commitment to the site. The lease features a 4% rental increase at the beginning of the option in October 2025. The lease is NNN with limited landlord responsibilities.
    Insight Report Location Intelligence

    Current Use by Public Records

    NeeHee's (Hanover Park, ... Indian Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Similar Places Nearby

    Taj Mahal Indian Restaurant, Angus Catering

    Location Insight

    • Map
    • Local Demand
    City
    Hanover Park
    County
    Cook
    State
    Illinois
    Longitude
    -88.1521907
    Latitude
    41.9415336

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    FAQs

    What type of property is this?
    Restaurant - NNN leased freestanding Neehee’s Restaurant in Hanover Park, Illinois.
    Where is this restaurant located?
    The property is located at 1850 Army Trail Rd Hanover Park, IL.
    What are key features of this property?
    This property features: - NNN leased, freestanding Neehee’s Restaurant investment property in Hanover Park, Illinois (Chicago MSA).; - Tenant recently exercised its second 3-year option to extend, demonstrating commitment to the location.; - Lease features a 4% rental increase in October 2025, growing NOI and hedging against inflation.
    (312) 279-5320
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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
    1850 Army Trail Rd Hanover Park, IL 60103
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