Contacts
Property Details
- Property Type Other
- Lot Size 0.53 SF
- Year Built 1965
- Year Renovated 2024
- Date Updated Jan 29, 2025
Colliers Net Lease Investment Group is pleased to present to qualified investors the opportunity to acquire a 100% fee interest in a remodeled Meinke location in the Chicago MSA. This is a chance to acquire a recession proof single- tenant net lease with a good operating history and a growing franchisee. Meineke is one of the leading brands in auto-maintenance and repair and is now under the Driven Brands umbrella.
This 2,242-square-foot property is located on 111th Street just west of the I294 on off ramp in the south suburb of Chicago Ridge. The property sits on a commercial corridor surrounded by industrial parks and residential.
111th Street brings 33,800+ people by the property daily. There are over 15,000 people within 1 mile and 119,000+ people within 3 miles of the store.
The single-tenant building is leased for a 15 year term and is offered at $1,442,177 corresponding to a 7.35% cap rate.
Reach out to the broker for more info on lease terms and amenities
Getting around
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Walk Score ®
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Location
- City Chicago Ridge, IL
- Zip Code 60415
- Market Chicago
Points of Interest
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Chicago Ridge
0.94 miles
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Worth
1.15 miles
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Palos Park
2.83 miles
-
Ashburn
4.67 miles
-
115th Street (Morgan Park)
5.29 miles
-
111th Street (Morgan Park)
5.33 miles
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107th Street (Beverly Hills)
5.39 miles
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Midlothian
5.49 miles
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103rd Street (Beverly Hills)
5.51 miles
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Blue Island
5.59 miles
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Shell
0.25 miles
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Marathon
1.23 miles
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BP
1.32 miles
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SNK Fuels
1.33 miles
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Citgo
1.35 miles
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Thorntons
1.35 miles
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Mariano's
1.53 miles
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EVgo
1.64 miles
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Tesla Supercharger
7.79 miles
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ChargePoint
7.94 miles
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Commuter Parking
2.81 miles
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Lot 1
3.10 miles
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Lot T1
3.12 miles
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Lot S2
3.12 miles
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Lot 3
3.12 miles
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Lot S1
3.13 miles
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Lot B2
3.17 miles
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Lot 2
3.21 miles
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Lot 12
3.23 miles
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Lot L1
3.29 miles
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JC Miami Hotel
1.39 miles
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Blue Star Motel
1.57 miles
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Bridgeview Inn
1.84 miles
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Budget Lodge
1.99 miles
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Key Motel
2.04 miles
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DoubleTree by Hilton Hotel Chicago - Alsip
2.44 miles
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Motel 6 Alsip
2.44 miles
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Motel 6 Bridgeview, IL
2.50 miles
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Midway Inn & Suites
2.76 miles
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Oak Lawn Hilton
2.81 miles
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Fairplay
0.60 miles
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Ross
1.32 miles
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Marshalls
1.44 miles
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TJ Maxx
1.54 miles
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Mariano's Fresh Market
1.67 miles
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Kohl's
1.70 miles
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Pete's Market
1.70 miles
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ALDI
1.73 miles
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Walmart
1.77 miles
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Chicago Ridge Mall
1.80 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.