Single-Tenant NNN
For Sale
Contact for pricing
Pending
2315 W Ogden Ave, Chicago, IL 60608
Ground-leased McDonald’s at a signalized intersection serving the Illinois Medical District and surrounding retail corridor.
Property Size4,247 SF
Days on Market143
Property Features for 2315 W Ogden Ave
General Information
Standard status
Pending
Size
4,247 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Abandoned
No
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 5:47PM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This single-tenant McDonald’s property at 2315 W Ogden Ave in Chicago is subject to a ground lease that commenced May 5, 2018, after construction was completed. The 4,247-square-foot building sits on a signalized corner and is supported by 20 years of initial lease term, 7.0% rental escalations every 5 years, and eight 5-year renewal options. The current lease expiration is May 27, 2038.
Ogden Avenue carries 20,000 VPD, while Roosevelt Road carries 25,900 VPD. The property is positioned within the Illinois Medical District near the University of Illinois at Chicago College of Pharmacy, Rush University Graduate College, the FBI’s Chicago Field Office, and the Illinois State Police Forensic Laboratory. Nearby retail includes Costco Wholesale, Jewel-Osco, Chase Bank, Shell Gasoline, and Starbucks. McDonald’s Corporation is rated BBB+ by S&P.
Ogden Avenue carries 20,000 VPD, while Roosevelt Road carries 25,900 VPD. The property is positioned within the Illinois Medical District near the University of Illinois at Chicago College of Pharmacy, Rush University Graduate College, the FBI’s Chicago Field Office, and the Illinois State Police Forensic Laboratory. Nearby retail includes Costco Wholesale, Jewel-Osco, Chase Bank, Shell Gasoline, and Starbucks. McDonald’s Corporation is rated BBB+ by S&P.
Key Highlights
- 4,247‑square‑foot McDonald’s property at 2315 W Ogden Ave, Chicago, IL 60608
- Ground lease began May 5, 2018 and expires May 27, 2038
- 20‑year initial term with 7.0% rental escalations every 5 years
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,641
Businesses Nearby
100k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
McDonald's
Dining
31,471 visits/mo
0.1 miles
KFC
Dining
16,703 visits/mo
0.1 miles
Mobil
Shops & Services
15,910 visits/mo
0.2 miles
White Castle
Dining
14,526 visits/mo
0.0 miles
Shell
Shops & Services
10,730 visits/mo
0.1 miles
Demographics for 60608, IL
75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
NNN property - Ground-leased McDonald’s at a signalized intersection serving the Illinois Medical District and surrounding retail corridor.
Where is this nnn property located?
The property is located at 2315 W Ogden Ave Chicago, IL.
What are key features of this property?
This property features: 4,247‑square‑foot McDonald’s property at 2315 W Ogden Ave, Chicago, IL 60608; Ground lease began May 5, 2018 and expires May 27, 2038; 20‑year initial term with 7.0% rental escalations every 5 years
