Auto Repair Service
For Sale
Contact for pricing
7501 North Western Avenue, Chicago, IL 60645
Single-tenant Midas service center on a Western Avenue retail corridor with an existing absolute triple-net lease.
Property Size4,600 SF
Days on Market126
Property Features for 7501 North Western Avenue
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Retail
Building Details
Year Built
1973
Listing Agency:
Marcus & Millichap - Chicago Downtown
(224) 619-6808
Listed By:
Brian Parmacek · License #IL 475.132220
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 6:08PM
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 - Chicago Downtown
Investment Insights
Based on property information with market context.
This property is a Midas Service Center auto repair facility built in 1973, comprising 4,600 square feet on an approximately 12,196-square-foot lot. The current lease structure is an absolute triple-net arrangement, with 8-plus years remaining on the original 20-year term. Lease provisions include annual 2% increases that are intended to provide consistent rent growth across the remaining lease period.
The building is located on busy Western Avenue, one block south of Howard Street, in Chicago’s Rodgers Park area. The surrounding retail corridor includes a number of national and regional tenants such as Walgreens, Ross Dress for Less, Starbucks, Dollar Tree, CVS, and I-Hop.
The offering is presented as a single-tenant investment tied to the Midas brand.
The building is located on busy Western Avenue, one block south of Howard Street, in Chicago’s Rodgers Park area. The surrounding retail corridor includes a number of national and regional tenants such as Walgreens, Ross Dress for Less, Starbucks, Dollar Tree, CVS, and I-Hop.
The offering is presented as a single-tenant investment tied to the Midas brand.
Key Highlights
- Single‑tenant Midas service center at 7501 North Western Avenue, Chicago
- 4,600 SF building on an approximately 12,196 SF lot
- Built in 1973; 8+ years remaining on the 20‑year absolute triple‑net lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,116
Businesses Nearby
190k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 38%
Apparel 15%
Electronics 2%
McDonald's
Dining
26,587 visits/mo
0.1 miles
Dollar Tree
Shops & Services
25,615 visits/mo
0.2 miles
Ross Dress for Less
Apparel
24,557 visits/mo
0.2 miles
Dunkin' Donuts
Dining
15,286 visits/mo
0.1 miles
Shell
Shops & Services
14,457 visits/mo
0.2 miles
Demographics for 60645, IL
48,356
Population
18,143
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
86%
High-School Grad
2.2 sq mi
ZIP Area
21,980
Density / Sq Mi
$77,126
Median Household Income
$40,666
Median Earnings
$1,424
Median Rent
$308,200
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant Midas service center on a Western Avenue retail corridor with an existing absolute triple-net lease.
Where is this auto shop located?
The property is located at 7501 North Western Avenue Chicago, IL.
What are key features of this property?
This property features: Single‑tenant Midas service center at 7501 North Western Avenue, Chicago; 4,600 SF building on an approximately 12,196 SF lot; Built in 1973; 8+ years remaining on the 20‑year absolute triple‑net lease
