Single-Tenant Meineke Net Lease
For Sale
Contact for pricing
6154 111th St, Chicago Ridge, IL 60415
Remodeled single-tenant Meineke property with a long-term net lease and strong traffic on 111th Street in Chicago Ridge.
Property Size2,242 SF
Price / SF$594.71
Days on Market295
Property Features for 6154 111th St
General Information
Standard status
Active
Size
2,242 SF
Property subtype
RETAIL
Occupancy
100%
Financials
Asking Price
$1,333,333
Cap Rate
7.95%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Abandoned
No
Listing Agency:
Colliers | Chicago Rosemont
(312) 343-1800
Listed By:
Peter Block · License #475144985
(312) 343-1800
Source:
Moodyscre
Added: Oct 10, 2025
Changed: Jul 30
Last Checked: Jul 30 at 5:57PM
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 Colliers | Chicago Rosemont
Investment Insights
Based on property information with market context.
Remodeled single-tenant Meineke auto-maintenance and repair building offered as a 100% fee interest net lease investment. The property totals 2,242 square feet and is leased for a 15-year term. The lease is structured as a net lease, and the offering reflects a 7.95% cap rate.
Located on 111th Street just west of the I-294 on off-ramp, the property sits on a commercial corridor surrounded by industrial parks and residential. 111th Street carries 33,800+ people by the property daily, with more than 15,000 people within 1 mile and 119,000+ people within 3 miles.
The asset is a single-tenant building leased to Meineke under the Driven Brands umbrella.
Located on 111th Street just west of the I-294 on off-ramp, the property sits on a commercial corridor surrounded by industrial parks and residential. 111th Street carries 33,800+ people by the property daily, with more than 15,000 people within 1 mile and 119,000+ people within 3 miles.
The asset is a single-tenant building leased to Meineke under the Driven Brands umbrella.
Key Highlights
- Remodeled single‑tenant Meineke net lease property offered as a 100% fee interest
- 2,242‑square‑foot building leased for a 15‑year term
- Lease reflected at a 7.95% cap rate
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Extra Space Storage
Shops & Services
2,827 visits/mo
0.4 miles
Demographics for 60415, IL
14,433
Population
5,840
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
6,275
Density / Sq Mi
$69,389
Median Household Income
$48,226
Median Earnings
$1,198
Median Rent
$217,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Auto shop - Remodeled single-tenant Meineke property with a long-term net lease and strong traffic on 111th Street in Chicago Ridge.
Where is this auto shop located?
The property is located at 6154 111th St Chicago Ridge, IL.
What is the asking price?
The asking price for this property is $1,333,333.
What are key features of this property?
This property features: Remodeled single‑tenant Meineke net lease property offered as a 100% fee interest; 2,242‑square‑foot building leased for a 15‑year term; Lease reflected at a 7.95% cap rate
