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7045 W North Ave 5,000 SF Retail Building Oak Park, IL 60302 $1,024,055 CAD ($204.81 CAD/SF)


Investment Highlights
- Ideal location in high traffic location
- Private Parking
- 5000sf of adaptable, divisible open space
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
1957
Price
$1,024,055 CAD
Price Per SF
$204.81 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.82
Lot Size
0.14 AC
Parking
7 Spaces (1.4 Spaces per 1,000 SF Leased)
Frontage
50’ on W North Ave
Amenities
- Air Conditioning
Walk Score®
Very Walkable (83)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $82,713 CAD | |
| Land Assessment | $68,340 CAD | Total Assessment | $151,053 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$68,340 CAD
Improvements Assessment
$82,713 CAD
Total Assessment
$151,053 CAD
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7045 W North Ave
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