Take 5 Oil Change Auto
New
For Sale
Contact for pricing
4437 N Harlem Ave, Norridge, IL 60706
Brand-new automotive service facility supported by a long-term ground lease with scheduled rent increases and renewal options.
Property SizeContact for details
Days on Market7
Property Features for 4437 N Harlem Ave
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
24,800 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
Marcus & Millichap SWM Group
Listed By:
Sean Sharko · License #IL 471.010712
Source:
Crexi
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 19 at 9:20AM
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 Marcus & Millichap SWM Group
Investment Insights
Based on property information with market context.
This brand-new Take 5 Oil Change automotive facility is structured under a 15-year ground lease scheduled to begin at the close of escrow. The lease includes 1.5% annual rent increases and three 5-year renewal options, with no landlord responsibilities stated in the lease summary.
The property fronts N Harlem Avenue, which records 24,800 VPD, and sits 1.3 miles from I-90, carrying 187,700 VPD. O'Hare International Airport is six miles away. Nearby retail destinations include Harlem Irving Plaza, Norridge Commons, and Harwood Commons, with national tenants such as Target, Best Buy, ALDI, Nordstrom Rack, Kohl's, and Burlington. The surrounding one-mile area includes more than 27,000 residents and 26,000 employees, with average household income exceeding $113,000.
The property fronts N Harlem Avenue, which records 24,800 VPD, and sits 1.3 miles from I-90, carrying 187,700 VPD. O'Hare International Airport is six miles away. Nearby retail destinations include Harlem Irving Plaza, Norridge Commons, and Harwood Commons, with national tenants such as Target, Best Buy, ALDI, Nordstrom Rack, Kohl's, and Burlington. The surrounding one-mile area includes more than 27,000 residents and 26,000 employees, with average household income exceeding $113,000.
Key Highlights
- Brand‑new Take 5 Oil Change automotive facility
- 15‑year ground lease scheduled to commence at the close of escrow
- 1.5% annual rent increases and three, 5‑year renewal options
Property Analytics
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Current Use
Lease Details
24,800 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
392k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Apparel 25%
Groceries 19%
Shops & Services 15%
Burlington
Apparel
64,031 visits/mo
0.2 miles
Raising Cane's Chicken Fingers
Dining
53,622 visits/mo
0.4 miles
Portillo's
Dining
49,145 visits/mo
0.4 miles
Mariano's
Groceries
44,132 visits/mo
0.4 miles
Michaels
Shops & Services
37,661 visits/mo
0.5 miles
Demographics for 60706, IL
24,327
Population
9,720
Households
2.5
Avg Household Size
45
Median Age
30%
College-Educated
87%
High-School Grad
3.1 sq mi
ZIP Area
7,847
Density / Sq Mi
$85,000
Median Household Income
$48,602
Median Earnings
$1,242
Median Rent
$347,600
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Eco Wash Mobile Detailing — 7604 W Irving Park Rd Unit A, Norridge, IL 60706
- Caliber Collision — 7615 W Irving Park Rd, Chicago, IL 60634
- Abra Auto Body & Glass — Chicago, IL 60634
- A & D Import Motors Inc — 7535 W Irving Park Rd, Chicago, IL 60634
- Frank's Auto Repair — 7347 W Irving Park Rd, Chicago, IL 60634
Frequently Asked Questions
What type of property is this?
Auto shop - Brand-new automotive service facility supported by a long-term ground lease with scheduled rent increases and renewal options.
Where is this auto shop located?
The property is located at 4437 N Harlem Ave Norridge, IL.
What is the asking price?
The asking price for this property is $1,462,000.
What are key features of this property?
This property features: Brand‑new Take 5 Oil Change automotive facility; 15‑year ground lease scheduled to commence at the close of escrow; 1.5% annual rent increases and three, 5‑year renewal options
