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200 S Oak Park Ave 35,593 SF Specialty Building Offered For Sale in Oak Park, IL 60302
INVESTMENT HIGHLIGHTS
- High end urban downtown location with strong area demographics
- Existing r-7 zoning allows for multi-family residential as of right
- Classroom conditions with high ceilings and abundant natural light
- Convenient and accessible location near public transit (CTA green Line and Metra)
EXECUTIVE SUMMARY
Baum Realty Group, LLC has been exclusively retained to offer for sale 200 S. Oak Park Avenue, a former school property in the heart of downtown Oak Park, Illinois. Totaling an estimated 35,593 Sf of building area on approximately 26,000 Sf of land, the property is improved with two separate but interconnected buildings with a small courtyard in the middle. The older of the two buildings is a neo-gothic style structure at the hard corner of Oak Park Avenue and Pleasant Avenue and is estimated to contain approximately 20,801 Sf of building area over three stories plus a partial basement. The newer, flat-roofed structure contains two floors of building area totaling approximately 14,792 Sf.
The buildings, each of which are of concrete and masonry construction type, contain typical school layouts with high ceilings and generously sized classrooms. The older building features a clear span, high clear gymnasium with a basketball court on the second floor. Situated at the southeast corner of S. Oak Park Avenue and Pleasant Street, the property lies within the Village of Oak Park's Ridgeland-Oak Park Historic District. it easily accessible via public transit, conveniently located near the Oak Park CTA (green line) and Metra lines only a few blocks away. The property is zoned r-7 Multifamily residential. The property is ideally located and well-suited for an adaptive reuse / redevelopment to multifamily residential, or as an attractive owner-user property for another educational, community/non-profit, or other commercial use.
The buildings, each of which are of concrete and masonry construction type, contain typical school layouts with high ceilings and generously sized classrooms. The older building features a clear span, high clear gymnasium with a basketball court on the second floor. Situated at the southeast corner of S. Oak Park Avenue and Pleasant Street, the property lies within the Village of Oak Park's Ridgeland-Oak Park Historic District. it easily accessible via public transit, conveniently located near the Oak Park CTA (green line) and Metra lines only a few blocks away. The property is zoned r-7 Multifamily residential. The property is ideally located and well-suited for an adaptive reuse / redevelopment to multifamily residential, or as an attractive owner-user property for another educational, community/non-profit, or other commercial use.
PROPERTY FACTS
| Sale Type | Investment | Building Size | 35,593 SF |
| Property Type | Specialty | No. Stories | 3 |
| Property Subtype | Schools | Year Built | 1950 |
| Building Class | C | Parcel Number | 16-07-406-001-0000 |
| Lot Size | 0.63 AC |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 35,593 SF |
| No. Stories | 3 |
| Year Built | 1950 |
| Parcel Number | 16-07-406-001-0000 |
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Walk Score®
Walker's Paradise (93)
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200 S Oak Park Ave
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