Oak Park Restaurant Investment
846 Madison St, Oak Park, IL 60302
Single-tenant property leased to Robinson’s No. 1 Ribs.
Type:Retail
Property size:
5,500 SFLot size:
0.16 AcresPrice / SF:
$153/SF- Added:
- Mar 19, 2026
- Days on Market:
- 64
- Last Refresh:
- Mar 20 at 8:53 pm
Property Features for 846 Madison St
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Lot size
- 0.16 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1919
Listing agent AJ Patel License #475.190820
Listing office Greenstone Partners
Listing date Mar 19, 2026
Source Crexi
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 Greenstone Partners
HighLights
- Single‑tenant net leased property with Robinson's No. 1 Ribs, a well‑established and award‑winning local restaurant with a lease in place until 2031.
- Triple‑net lease structure provides a hands‑off investment opportunity.
- Located in a robust and highly‑rated (A+ by Niche.com) area of Oak Park, Illinois.
- Excellent location with high visibility on Madison Street, close to major mixed‑use developments and public transit.
- Strong demographics with a high population density and affluent household incomes.
- Mature yet growing submarket with a diverse tenant mix, including national retailers.
Overview
The property at 846-848 Madison Street in Oak Park, Illinois, presents an opportunity to acquire a single-tenant net leased asset. The property is fully occupied by Robinson’s No. 1 Ribs, an established barbeque restaurant that has been operating in the Oak Park area for over 40 years. The restaurant occupies the entire building, which measures approximately 5,500 square feet and is situated on approximately 7,150 square feet of land. The tenant operates under a triple-net lease, extending their term until January 1, 2031. The property is located on the north side of Madison Street, between South Oak Park Avenue and South Kenilworth Avenue, five blocks from the CTA Oak Park Green Line 'L' Station and six blocks from the Metra Rail UP-W Oak Park Station. The Oak Park submarket features a diverse tenant mix across various industries, including food, clothing, grocery, entertainment, education, and healthcare. The surrounding neighborhood has several mixed-use developments, including Oak Park Commons, The Lexington Reserve Townhomes, The Emerson, Eleven33, and the Rush Oak Park Hospital. The area has a population of over 274,000 within 3 miles and an average household income of nearly $120,000 within 1 mile.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Oak Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.7963966
- Latitude
- 41.8799421
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Single-tenant property leased to Robinson’s No. 1 Ribs.
Where is this conventional restaurant located?
The property is located at 846 Madison St Oak Park, IL.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Single‑tenant net leased property with Robinson's No. 1 Ribs, a well‑established and award‑winning local restaurant with a lease in place until 2031.; Triple‑net lease structure provides a hands‑off investment opportunity.; Located in a robust and highly‑rated (A+ by Niche.com) area of Oak Park, Illinois.
