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Wendy's 11 N Harlem Ave 3,500 SF Retail Building Oak Park, IL 60302 $3,450,000 ($985.71/SF)
Investment Highlights
- Single tenant ground lease (no landlord responsibilities)
- Corporate lease
- High traffic counts 34,800 VPD on Harlem Avenue & 13,500 VPD on Madison Street
- Multiple lease options through 2040
- Strong re-development potential
- MS Zoning (Madison Street Zoning District)
Executive Summary
Ground lease secured by Wendy's Corporation since 1985.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
C
Year Built
1985
Price
$3,450,000
Price Per SF
$985.71
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.46 AC
Zoning
MS
Parking
46 Spaces (13.14 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- 3,500 SF
- -
- Dec 2030
Wendy's began in 1969 when Dave Thomas opened the first Wendy's Old Fashioned Hamburgers restaurant in Columbus, Ohio. The company operates a quick-service restaurant system built around company-operated and franchised locations, with a presence across the United States and international markets. Wendy's menu centers on made-to-order square hamburgers with fresh beef, along with chicken sandwiches and nuggets, Baconator items, Frosty desserts, and other core menu offerings. The company pursues ongoing menu development and expansion across the global restaurant system, reflecting a business focused on burgers, chicken, desserts, and franchise operations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | 3,500 SF | - | Dec 2030 |
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,625 | |
| Land Assessment | $185,375 | Total Assessment | $193,000 |
Property Taxes
Parcel Numbers
Land Assessment
$185,375
Improvements Assessment
$7,625
Total Assessment
$193,000
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