11 North Harlem Ave Oak Park, IL 60302
Ground lease with corporate tenant in prime Oak Park location.
Building Details
- Year built
- 1985
Source:
Naiglobal
Listing Agent: Dan O'Neill
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Oak Park Ground Lease Opportunity
This ground lease, secured by Wendy’s Corporate since 1985, is located at the corner of Harlem Avenue and Madison Street in Oak Park. The ground lease has no landlord responsibilities; the tenant covers all expenses, taxes, and site maintenance. Situated on a hard corner with a stoplight, the location is desirable for Wendy’s. The site is just north of the full interchange at Harlem Avenue and I-290 and west of downtown Oak Park. Multiple lease options are available through 2040. The location benefits from high traffic counts, with 34,800 vehicles per day on Harlem Avenue and 13,500 vehicles per day on Madison Street. The property is zoned MS (Madison Street Zoning District) and offers strong re-development potential.
Location Intelligence
Current Use by Public Records
Wendy's
Restaurant
Location Insight
- Map
- Local Demand
- City
- Oak Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8043209
- Latitude
- 41.8800133
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FAQs
What type of property is this?
Drive through restaurant - Ground lease with corporate tenant in prime Oak Park location.
Where is this drive through restaurant located?
The property is located at 11 North Harlem Ave Oak Park, IL.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: - Corporate lease secured by Wendy's Corporate since 1985.; - **Prime corner location at Harlem Avenue and Madison Street with a stoplight.**; - Single tenant ground lease with no landlord responsibilities; tenant pays all expenses.
