Retail | 7.70% CAP | 4,182 SF

For Sale

1655 Irving Park Rd, Hanover Park, IL 60133

This Hanover Park property for sale is located at 1655 Irving Park Rd. The current listed sale price for Retail | 7.70% CAP | 4,182 SF is $1,493,506. Retail | 7.70% CAP | 4,182 SF is situated on a lot that is 0.56 square feet in size.

Contacts

broker
Peter Block
broker
Zach Ofner

Property Details

  • Property Type Other
  • Lot Size 0.56 SF
  • Year Built 1987
  • Year Renovated 2025
  • Date Updated Jun 21, 2025

Colliers Net Lease Investment Group is pleased to present to qualified investors the opportunity to acquire a 100% fee interest in a newly 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 4,182-square-foot property is located on Irving Park Road (I-19) just west of Barrington Road. The property sits at the hub of the Hanover Park retail corridor, surrounded by retail and residential.
Irving Park Road brings 23,000+ people by the property daily and the Intersection at Barrington Road has 30,700+. There are over 18,900+ 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 $1,493,506, corresponding to a 7.70% cap rate.

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Attachments

Getting around

  • 80/100

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  • 68/100

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Location

  • City Hanover Park, IL
  • Zip Code 60133
  • Market Chicago

Points of Interest

  • Bartlett

    2.12 miles

  • Elgin

    7.45 miles

  • Palatine

    8.97 miles

  • West Chicago

    9.03 miles

  • Wood Dale

    9.33 miles

  • Winfield

    9.42 miles

  • Arlington Park

    9.43 miles

  • Wheaton

    9.94 miles

  • College Avenue

    9.95 miles

  • Arlington Heights

    9.98 miles

In-Depth Research Available for this Property

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.

Contact Retail | 7.70% CAP | 4,182 SF
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