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316 Madison St
Oak Park, IL 60302
Demolished Building · Retail Property For Sale
Investment Highlights
- 7+ Years Remaining on Initial 15-Year Absolute NNN Lease with Attractive 2% Rental Increases Annually (Next 2% Increase 03/01/21)!
- Successfully Open & Operating Since 2003 with an Attractive 9.30% Rent to Sales Ratio!
- Positioned Just Off the Hard Corner with Excellent Drive-By Visibility on Madison St, Where Traffic Counts Exceed 35,900 CPD!
- KBP Foods Operates 770 Locations in 25 States (19% of Locations in U.S. System) and will Generate Sales in Excess of $825 Million in 2020
- RARE Infill/Drive-Thru Location with High Barriers to Entry & Priced Below Replacement Cost!
- AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 870,112 | Average Household Income (1-MI): $99,892
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,455 SF
Building Class
F
Year Built/Renovated
2003/2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.40 AC
Zoning
C
Parking
17 Spaces (6.82 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $121,790 | |
| Land Assessment | $143,000 | Total Assessment | $264,790 |
Property Taxes
Parcel Numbers
Land Assessment
$143,000
Improvements Assessment
$121,790
Total Assessment
$264,790
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