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11 Harlem Ave Oak Park, IL 60302

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For Sale
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High-Traffic Wendy's Ground Lease

Property size:
3,500 SF

Property Features for 11 Harlem Ave

General Information

Property type
Retail properties & Spaces
Square Feet
3,500 SF
Lot Size
38,333 SF

Building Details

Year Built
1985

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Listing Contact
Adam Johnson
Adam Johnson

Listing Agent: Adam Johnson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional investment opportunity presents a 3,500 square foot Wendy's restaurant on a 0.88-acre lot in Oak Park, Illinois. Located at the highly visible corner of Harlem Avenue and Madison Street, this property boasts a strong location with 34,800 vehicles per day on Harlem Avenue and 13,500 vehicles per day on Madison Street. The property benefits from a net lease with a corporate guarantee from Wendy's, minimizing landlord responsibilities. The lease, in place since 1985, has a remaining term of 6.1 years, expiring December 31, 2030, with two five-year renewal options extending to 2040. The building, constructed in 1985, sits within the MS zoning district, offering significant redevelopment potential. The property includes 46 parking spaces and enjoys 100% occupancy. The asking price is $3,450,000, translating to $985.71 per square foot. This is a rare opportunity to acquire a stable, long-term investment with a nationally recognized tenant and significant upside potential. The ground lease structure eliminates landlord responsibilities, making this an attractive, low-maintenance investment. The property's prime location and high traffic counts ensure continued strong performance.
Property Profile Location Intelligence

Current Use by Public Records

Wendy's Restaurant

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Oak Park
County
Cook
State
Illinois
Longitude
-87.8043423
Latitude
41.8800056

FAQs

What type of property is this?
Retail property - High-Traffic Wendy's Ground Lease
Where is this retail property located?
The property is located at 11 Harlem Ave Oak Park, IL.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: $3,450,000 asking price for a Wendy's ground lease.; Single-tenant, net lease with no landlord responsibilities.; Corporate guarantee from Wendy's, lease extends to 2030 with options to 2040.
(630) 317-0729 Call to check price and availability
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