1801 North Ave, Melrose Park, IL 60160
This exceptional 30,000 square foot retail property, located at 1801 W North Ave in Melrose Park, Illinois (zip code 60160), presents a unique investment opportunity. The property is zoned for commercial use and specifically permits drive-thru operations, making it ideally suited for quick-service restaurants or similar businesses. Boasting excellent visibility from the highly trafficked North Avenue, this location ensures significant exposure to potential customers. The site itself encompasses 30,000 square feet, offering ample space for development and operations. In addition to the 21,000 square feet of main building space, there is approximately 9,000 square feet of leasable and improvable space associated with an Illinois Department of Transportation (IDOT) easement. The property's 2020 annual taxes were $38,425. This prime location in Cook County, Illinois, offers exceptional access and high visibility, making it an attractive proposition for investors seeking a strong return on investment in a thriving commercial area. The property's size and zoning make it suitable for a variety of fast-food and quick-service restaurant concepts. This is a rare opportunity to acquire a well-positioned commercial property with significant development potential.
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Ron's Auto Sales Inc Car Dealership
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.