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Prime Corner Lot with Visibility
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501 W North Ave, Melrose Park, IL

High-visibility corner lot with drive-thru potential near major amenities.

Property Size47,975 SF
Lot Size2.45 Acres
Days on Market1381

Property Features for 501 W North Ave

General Information

Standard status Active
Size 47,975 SF
Lot size 2.45 Acres
Property subtype OFFICE
Listing Agency: JBS Commercial Real Estate
Listed By: Jason Shibata · License #471011705
Source: Moodyscre
Added: Oct 19, 2022 Changed: Jul 10 Last Checked: Jul 21 at 4:40AM

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 JBS Commercial Real Estate

Investment Insights

Based on property information with market context.

This property benefits from close proximity to numerous area restaurants, hotels, and shopping amenities. A drive-thru is available. The location features a signalized corner with high visibility and a traffic count of approximately 57,000 vehicles per day. New immediate area amenities include Costco, Amazon, Target, Jewel Osco, Meyer, Triton College, and Gottlieb Memorial Hospital (Loyola Medicine). The property size is 47,975 square feet.

Key Highlights

  • High Traffic Count: Approximately 57,000 Vehicles Per Day
  • Signalized Corner with High Visibility
  • Drive‑Thru Available

Property Analytics

Current Use

First Midwest Corporation ... Loan Service Beth Black - State ... Insurance Agency Julie A Moore, MD Physician Moore Dermatology Associates Physician Melanie Adamsky, MD Physician

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Spa & Massage Center Big Box & Wholesale Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

745
Businesses Nearby

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - High-visibility corner lot with drive-thru potential near major amenities.
Where is this drive through restaurant located?
The property is located at 501 W North Ave Melrose Park, IL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: High Traffic Count: Approximately 57,000 Vehicles Per Day; Signalized Corner with High Visibility; Drive‑Thru Available
(312) 462-1022 Call to check price and availability
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