7045 W North Ave - Storefront FOR SALE


Oak Park, IL 60302
$749,000 USD
708-567-1375
7045 W North Ave, Oak Park, IL for Sale
$749,000 USD
Storefront - FOR SALE
1/2
null | Request Cap Rate

7045 W North Ave
Oak Park, IL 60302


HIGHLIGHTS

  • Ideal location in high traffic location
  • 5000sf of adaptable, divisible open space
  • Private Parking

OVERVIEW

Prime commercial opportunity nestled in a high traffic locale in established Oak Park and growing Galewood (Chicago) neighborhood. This property, currently a large open layout furniture showroom with 50 foot frontage, 10' ceilings and over 5000sf that is easily divisible, presents a lucrative prospect for savvy investors and entrepreneurs alike. Strategically situated one block east of the "Four Corners" of Harlem (Rt 43) and North (Rt 64) Avenues, along high-traffic (28,000 cars per day) North Avenue, this versatile space offers immense potential for adaptation or even new development. The very well kept existing structure (new AC 2021, new roof 2017) has 6 parking spaces in back through a rear alley and the A++ location provides a solid foundation for future uses. The adjacent neighborhood to the south includes architecturally significant homes in northwest Oak Park and to the north in Galewood there are 275 NEW residential units, a NEW 50,000 sf Rush Hospital outpatient facility AND future NEW development on the northeast corner parcel of Harlem and North. Nationally, high profile retail adjacent businesses include Starbucks, Bank of America, JC Lichts Paint, Buona Beef, Dunkin, Walgreens Drug, UPS Store and many established, locally owned restaurants and businesses. This is a truly vibrant surrounding area with a steady stream of foot and auto traffic. Whether you envision medical, dental, retail, physical therapy, mental health, restaurant, gym, dispensary, martial arts, theater/acting studio or indoor recreation/sports/coaching facility, this is an exceptional chance to transform this property into a lucrative investment opportunity. Schedule your viewing today of this prime commercial building and please do not disturb business. 2PINs 16061010090000 & 16061010100000.

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

-

APN/PARCEL ID

16-06-101-009-0000,16-06-101-010-0000

ASK ABOUT THIS PROPERTY

David GulloGullo & AssociatesMore Info
708-567-1375

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David GulloGullo & AssociatesMore Info
708-567-1375

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.