11 Harlem Ave Oak Park, IL 60302
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.
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Wendy's Restaurant Take-out & Catering
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
Similar Nearby for Lease
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.