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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

11 Harlem Ave Oak Park, IL 60302

3,500 SF 0.88 ac lot Built 1985
Property ID
Property summary
AI-generated 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
Verified
Property type Retail properties & Spaces
Year built 1985
Total area 3,500 SF
Lot 0.88 ac (38,333 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wendy's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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