Midas 6249 W North Ave 14,000 SF Retail Building Oak Park, IL 60302 $619,354 ($44.24/SF) 7.75% Cap Rate

This is a well-established, single-tenant Midas auto service center located at a highly visible signalized corner on North Avenue in Oak Park. The building is approximately 14,000 SQFT on a .31-acre lot, offering excellent exposure on one of the busiest corridors in the Chicago metro area with daily traffic exceeding 26,000 vehicles.
Lease & Tenant:
The property is leased on a NN basis, with the tenant responsible for property taxes and insurance. Midas has been at this location since 2008, providing a long-term, stable income stream. The current annual rent is $48,000, which is below market and presents upside potential at lease renewal.
Location & Demographics:
The site benefits from strong surrounding retail anchors including Target, Home Depot, Walmart, and CVS, driving consistent traffic and visibility. The dense local population and commercial mix support steady business operations.
Investment Highlights:
NN lease structure minimizes landlord expenses
Long-term tenant with national brand recognition
Prime corner lot with strong signage opportunities
Below-market rent offering potential for increased returns
Recession-resistant tenant in essential automotive services
This investment represents a solid opportunity to acquire a passive income asset with a creditworthy tenant in a prime retail corridor.