High-Traffic Freestanding QSR | Chicago MSA 4019 Saint Charles Rd
1,200 SF Vacant Retail Building Online Auction Sale Bellwood, IL 60104
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INVESTMENT HIGHLIGHTS
- This former Checkers provides a vacant, freestanding quick service restaurant with a drive-thru, a covered patio, and on-site parking.
- Placed near traffic-driving retailers, including Target, Aldi, AutoZone, Dollar Tree, McDonald’s, Dunkin’, and many more.
- Strong value-add opportunity to leverage submarket vacancy rates below the 10-year average and rent growth outpacing the greater Chicago market.
- High-traffic, signalized corner location delivers robust brand exposure to more than 58,000 daily vehicles traveling to nearby demand drivers.
- Businesses are supported by a 3-mile population of more than 142,000 that provided more than $1.3 billion in retail spending during 2024.
EXECUTIVE SUMMARY
Don't miss this rare chance to acquire a high-traffic, freestanding quick-service restaurant (QSR) with a prime corner location in the Bellwood suburb of Chicago, Illinois, at 4019 Saint Charles Road. Formerly a Checkers fast-food location, the property will be delivered vacant, allowing a new owner to immediately operate a new business from the space. There is also potential for a value-add investor seeking to lease the property to capture strong performance in the local retail submarket. Vacancy rates in the Melrose Park Submarket sit below the 10-year average at 5%, and the area’s annual rent growth of 2.1% strongly outpaces the 1.3% growth seen by the greater market.
Comprising a total of 1,200 square feet, 4019 Saint Charles Road provides a versatile acquisition with desirable features that make it ideal for a new food service business. The property is served by a drive-thru, a covered outdoor seating area, and nine on-site parking spaces. All signage and branding have been removed from the exteriors, facilitating the rebranding efforts by a new business at the property.
Positioned on a highly visible, 0.31-acre, hard-corner lot of the signalized intersection of Mannheim Road and Saint Charles Road, providing businesses with an immense presence in a growing commercial market. More than 58,000 vehicles pass by the site each day, and direct points of ingress and curb cuts to both corridors make the property easily accessible to the elevated traffic. The intersection is home to neighboring national tenants, AutoZone, and Tops & Bottoms. Numerous other national retail brands sit within a short drive of the property, including Target, Aldi, Dollar Tree, O’Reilly Auto Parts, McDonald’s Dunkin’, and more. Sitting just five minutes from Interstate 290 and 88, traffic from across the metro can easily find the subject property.
A massive pool of potential customers is drawn to the region surrounding 4019 Saint Charles Road by a wealth of nearby traffic-driving retailers, recreation opportunities, and large employment centers. Placed 15 minutes south of O’Hare International Airport and 10 minutes from the Union Pacific Railroad terminal, the area is home to a robust collection of major warehousing and logistics tenants. Nearby critical operations for The Home Depot, Amazon, FedEx Freight, Microsoft, and more deliver a large daytime employment to the region that results in elevated demand for retail goods, particularly convenient dining options. The surrounding area is also home to renowned golf courses, including the Chicago Highlands Club and the River Forest Golf Club, as well as upscale shopping destinations such as the Fashion Outlets of Chicago and the North Riverside Park Mall.
The freestanding quick-service restaurant at 4019 Saint Charles Road offers a highly visible corner location and proximity to many of Bellwood’s most sought-after demand drivers. Retail business owners and savvy value-add investors can seize an ideal acquisition with the restaurant.
Comprising a total of 1,200 square feet, 4019 Saint Charles Road provides a versatile acquisition with desirable features that make it ideal for a new food service business. The property is served by a drive-thru, a covered outdoor seating area, and nine on-site parking spaces. All signage and branding have been removed from the exteriors, facilitating the rebranding efforts by a new business at the property.
Positioned on a highly visible, 0.31-acre, hard-corner lot of the signalized intersection of Mannheim Road and Saint Charles Road, providing businesses with an immense presence in a growing commercial market. More than 58,000 vehicles pass by the site each day, and direct points of ingress and curb cuts to both corridors make the property easily accessible to the elevated traffic. The intersection is home to neighboring national tenants, AutoZone, and Tops & Bottoms. Numerous other national retail brands sit within a short drive of the property, including Target, Aldi, Dollar Tree, O’Reilly Auto Parts, McDonald’s Dunkin’, and more. Sitting just five minutes from Interstate 290 and 88, traffic from across the metro can easily find the subject property.
A massive pool of potential customers is drawn to the region surrounding 4019 Saint Charles Road by a wealth of nearby traffic-driving retailers, recreation opportunities, and large employment centers. Placed 15 minutes south of O’Hare International Airport and 10 minutes from the Union Pacific Railroad terminal, the area is home to a robust collection of major warehousing and logistics tenants. Nearby critical operations for The Home Depot, Amazon, FedEx Freight, Microsoft, and more deliver a large daytime employment to the region that results in elevated demand for retail goods, particularly convenient dining options. The surrounding area is also home to renowned golf courses, including the Chicago Highlands Club and the River Forest Golf Club, as well as upscale shopping destinations such as the Fashion Outlets of Chicago and the North Riverside Park Mall.
The freestanding quick-service restaurant at 4019 Saint Charles Road offers a highly visible corner location and proximity to many of Bellwood’s most sought-after demand drivers. Retail business owners and savvy value-add investors can seize an ideal acquisition with the restaurant.
DATA ROOM Click Here to Access
- Operating and Financials
- Title and Insurance
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
-
-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
-
-
Transacted SF
999
999
999
Average SF
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/SF Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/SF
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
-
-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-
Market Sale Price per SF
Chicago - IL USA
Market Cap Rate
Chicago - IL USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,200 SF
Building Class
B
Year Built
2013
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.31 AC
Zoning
C3-5, Chicago - Commercial
Parking
9 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
938 square foot retail space available for lease.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200 SF | Restaurant | - | Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
Walk Score®
Very Walkable (73)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
19,968
142,026
377,266
2020 Population
20,410
145,808
382,117
2029 Population
19,336
137,628
367,043
2024-2029 Projected Population Growth
-3.2%
-3.1%
-2.7%
Daytime Employees
7,837
62,236
202,813
Total Businesses
582
5,897
21,439
Average Household Income
$77,494
$91,627
$107,682
Median Household Income
$66,193
$70,523
$79,630
Total Consumer Spending
$182M
$1.5B
$4.6B
Median Age
38.6
39.9
41.3
2024 Households
6,439
47,648
140,139
Percent College Degree or Above
9%
13%
20%
Average Home Value
$202,545
$282,064
$368,758
$ values in USD
PROPERTY TAXES
| Parcel Number | 15-09-101-019-0000 | Improvements Assessment | $61,296 CAD |
| Land Assessment | $60,676 CAD | Total Assessment | $121,972 CAD |
SALE ADVISORS
SALE ADVISORS
BJ Feller, Senior Vice President & Managing Director
(773) 727-4285
Contact
BJ Feller is a senior vice president and Managing Director of Northmarq’s Chicago office, leading a team of professionals specializing in the disposition and acquisition of net lease retail, office and industrial properties nationally. She represents a broad range of institutional, private, and international clients and has completed transactions in excess of $4.5 billion across 39 states, consistently providing strong results for clients.
Before Northmarq, BJ served as managing director and partner and a founding member of Stan Johnson Company’s Chicago office. Prior to Stan Johnson Company, she served as development manager for the Chicago-based development firm IBT Group and was responsible for the acquisition, coordination and development of new retail and mixed-use projects throughout the Midwest.
BJ holds a Bachelor of Arts in economics, political science and history from the University of Michigan. She is involved in International Council of Shopping Centers (ICSC), National Association of Industrial and Office Properties (NAIOP) – Chicago Chapter, Urban Land Institute, Real Estate Investors Association, Young Real Estate Professionals of Chicago, University of Michigan Real Estate Alliance, Co-Founder.
Before Northmarq, BJ served as managing director and partner and a founding member of Stan Johnson Company’s Chicago office. Prior to Stan Johnson Company, she served as development manager for the Chicago-based development firm IBT Group and was responsible for the acquisition, coordination and development of new retail and mixed-use projects throughout the Midwest.
BJ holds a Bachelor of Arts in economics, political science and history from the University of Michigan. She is involved in International Council of Shopping Centers (ICSC), National Association of Industrial and Office Properties (NAIOP) – Chicago Chapter, Urban Land Institute, Real Estate Investors Association, Young Real Estate Professionals of Chicago, University of Michigan Real Estate Alliance, Co-Founder.
Isaiah Harf, Regional Managing Director
(773) 963-2637
Contact
Isaiah Harf is the Regional and Managing Director for Northmarq’s Chicago office and has been with the firm since October 2011. Focusing on the sale of net leased assets, Harf has closed more than $3 Billion in total transaction volume and has partnered with some of the nation’s most respected and trusted institutions, private equity managers and merchant developers. As one of the lead business development and execution specialists for the team, Harf provides extensive knowledge to buyers and sellers of all profiles nationwide. Throughout the transactional process, Harf manages clients’ interests by providing guidance and facilitating the implementation of unique solutions to assure unparalleled performance. Harf has been interviewed multiple times by national publications on the state of net lease throughout his time with the firm. Prior to joining Stan Johnson Company, Harf worked with the leading national receivership firm. Harf headed the disposition department, with an emphasis on distressed asset optimization and strategy in secondary and tertiary markets. Harf’s previous clientele included prominent CMBS servicers, national banks, and opportunistic funds; having sold assets for LNR Partners, C-III Capital, CW Capital and Ocwen Financial.
Mark Lovering, Associate Vice President
(312) 777-2441
Contact
Mark Lovering is an Associate Vice President in Northmarq’s Chicago office. Lovering specializes in the acquisition, disposition and capitalization of net lease retail, industrial and office properties for a national client base. During his tenure, he’s closed on more than $650 million in total transaction volume and partnered with some of the nation’s largest private equity firms, publicly traded institutions & merchant developers. Prior to joining Northmarq, Lovering served as an Associate Director at Stan Johnson Company, where he initially joined one of the company’s largest brokerage teams led by BJ Feller as an Associate.
Lovering earned a bachelor’s degree in History from Ohio Wesleyan University and a Juris Doctorate from Roger Williams University School of Law, where he focused on real property law and land use controls. Additionally, he holds a Certificate in Commercial Real Estate Finance & Development from the Jones Graduate School of Business at Rice University.
Ohio Wesleyan University, B.A. History
Roger Williams University School of Law, J.D.
Rice University, Certificate in Commercial Real Estate Finance & Development
Lovering earned a bachelor’s degree in History from Ohio Wesleyan University and a Juris Doctorate from Roger Williams University School of Law, where he focused on real property law and land use controls. Additionally, he holds a Certificate in Commercial Real Estate Finance & Development from the Jones Graduate School of Business at Rice University.
Ohio Wesleyan University, B.A. History
Roger Williams University School of Law, J.D.
Rice University, Certificate in Commercial Real Estate Finance & Development
ABOUT THE AUCTION PLATFORM
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AUCTION CONTACT
Amen Almukhtar
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