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Property summary
This exceptional investment opportunity presents a freestanding White Castle restaurant located at 3901 W Madison St, Chicago, IL 60624, in Cook County. The property boasts a 2,117 square foot building situated on a substantial 15,638 square foot lot, offering ample space and potential. The restaurant benefits from excellent visibility and accessibility, featuring 81 feet of frontage on South Springfield Avenue and 52 feet on West Madison Street. Two convenient curb cuts on Madison Street… enhance customer access. Ample parking is provided with 28 spaces. The property also features prominent corner pylon signage, maximizing brand visibility. This location is strategically positioned within the Madison/Pulaski Retail Corridor and the Madison/Austin Tax Increment Financing (TIF) district, benefiting from a strong commercial environment. Nearby co-tenancy includes notable businesses such as Rainbow, Foot Locker, BMO Harris Bank, DTLR Villa, and Walgreens. Further enhancing the area's appeal, a former Aldi is undergoing conversion into a Yellow Banana grocery store, adding to the vibrant retail landscape. The proximity to a new CTA control and operations center under development will bring approximately 250 new daily employees to the immediate area, increasing foot traffic and potential customer base. The asking price for this established, high-traffic restaurant is $975,000, translating to $460.56 per square foot. This presents a compelling opportunity for investors seeking a proven, established business in a thriving commercial district. The property is a single-story building.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2022
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- Lot area
- 0.14 ac
- Year built
- 1986
- Stories
- 1
- APN
- 16-14-100-016
- Assessed value · 2022
- $39,418
- Annual tax · 2022
- $9,601
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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