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Restaurant Building on Outlot
For Lease
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901 West North Avenue, Melrose Park, IL 60160

Restaurant building situated on an outlot and offered through a ground lease.

Space Size3,280 SF
Lot Size1.00 Acre
Days on Market92

Property Features for 901 West North Avenue

General Information

Standard status Active
Size 3,280 SF
Net Rentable 3,280 SF
Lot size 1.00 Acre
Property subtype Retail

Space & Availability

Available Space 3,280 SF
Contiguous Space 3,280 SF
Space Use Restaurant

Building Details

Building Size 3,280 SF
Listing Agency: CBRE - Oak Brook
Listed By: Les Kristof
Source: Cbre
Added: Jun 2 Changed: Aug 30 Last Checked: Aug 31 at 2:31PM

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 CBRE - Oak Brook

Investment Insights

Based on property information with market context.

The property includes a restaurant building measuring approximately 3,280 SF on an approximately 1-acre outlot. The building previously operated as a Wendy’s restaurant and is available through a ground lease.

The property is located at 901 West North Avenue in Melrose Park, Illinois 60160.

Key Highlights

  • Approximately 3,280 SF restaurant building
  • Approximately 1‑acre outlot
  • Previously operated as a Wendy’s restaurant

Property Analytics

Current Use

Wendy's Restaurant

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Law Firm Hair Salon Building Supply Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,127
Businesses Nearby
471k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 34% Superstores 33% Dining 14% Leisure 12%
Costco Wholesale Superstores
154,477 visits/mo 0.4 miles
Costco Gasoline Shops & Services
79,461 visits/mo 0.5 miles
Cinemark Melrose Park And Xd Leisure
55,153 visits/mo 0.1 miles
Delta Sonic Car Wash Shops & Services
44,151 visits/mo 0.3 miles
Aldi Groceries
29,654 visits/mo 0.3 miles

Demographics for 60160, IL

24,776
Population
8,947
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
71%
High-School Grad
4.6 sq mi
ZIP Area
5,386
Density / Sq Mi
$64,740
Median Household Income
$39,722
Median Earnings
$1,194
Median Rent
$265,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • New China Buffet 8339 W North Ave, Melrose Park, IL 60160

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant building situated on an outlot and offered through a ground lease.
Where is this conventional restaurant located?
The property is located at 901 West North Avenue Melrose Park, IL.
What are key features of this property?
This property features: Approximately 3,280 SF restaurant building; Approximately 1‑acre outlot; Previously operated as a Wendy’s restaurant
More about this property
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