IL > Oak Park
Oak Park, IL 60301,Address not disclosed
Oak Park, IL 60301,Address not disclosed
Oak Park, IL 60301,Address not disclosed
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$825,000
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5,600 SqFt
Active

Address not disclosed Oak Park, IL 60301

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,600 sqft

Price per Sqft $147

MLS Listing ID 12518349

Year Built 1929

Annual Tax Amount $32,885

Tax Year 2023

Lot Dimensions 37.5 X 147.29

Property Sub-Type Mixed Use

Property Description

Presenting a fully leased multi-tenant investment opportunity in downtown Oak Park. The property is situated along the highly trafficked Lake St commercial corridor near Oak Park Ave and is surrounded by numerous restaurants, shops, small businesses, and a dense residential population. The building is comprised of a well-insulated tenant mix in the medical and professional services industries who have been in place for an average of 6 years. Three of the four leases have an annual rent increase of 3-5 percent throughout the remaining term as well as any option periods providing a growing income stream. The building is professionally managed and recent capital improvements include work to the parking lot (2020) and plumbing (2019). The property is zoned DT-2, which allows for a myriad of commercial uses as well as residential uses above the ground floor. This advantageous zoning lends the property flexibility to future commercial tenants as well as the ability to adapt the 2nd floor to a residential use if so desired. Simply put, this offering represents a professionally managed building providing a diversified and growing income stream in a highly desirable area of Oak Park.

Location

State IL

County Cook

Area Oak Park

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Cable Available

Roof Type Reflective Coating,Other

Building

Dwelling Type Mixed Use

Water Municipal Water

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Stephen Northey of  Compass 

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Dennis & Karen

Dennis & Karen

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+1(219) 213-3346

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