Remodeled Commercial Building on Route
124 E Oak Knoll Drive, Hampshire, IL 60140
COMMERCIAL - Hampshire, IL
Type:Office
Property size:
1,289 SFLot size:
0.48 AcresPrice / SF:
$248/SF- Added:
- Mar 31, 2026
- Days on Market:
- 53
- Last Refresh:
- May 22 at 8:06 am
Property Features for 124 E Oak Knoll Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- COMMR
- Standard status
- Active
- APN
- 0127151031
- Size
- 1,289 SF
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6719
Utilities
- Utilities
- Water Available
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Wood, Vinyl
- Building materials
- Aluminum Siding
Listing agent Alissa Roy License #475161511 (630) 377-6200
Listing office Keller Williams Inspire - Geneva 416 S 2nd Street, Geneva, IL (630) 262-9500
Listing date Mar 31, 2026
MLS# 12606670
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location on Route 72 with high traffic exposure (approx. 12,000 vehicles per day).
- Flexible B‑2 zoning allows for a wide range of commercial uses (retail, office, medical, QSR, etc.).
- Recently renovated, move‑in ready interior with modern finishes and abundant natural light.
- Located in a rapidly growing area with strong demographics: high median household income ($90,000+) and significant consumer spending.
- Ample on‑site parking and expansion/redevelopment potential (drive‑thru, multi‑tenant strip).
- Functional space: 1,289 sq ft main level, 1,289 sq ft unfinished basement, and attached two‑car garage.
Overview
This remodeled commercial building is located on a 0.48-acre lot with frontage on Illinois Route 72. The property benefits from approximately 12,000 vehicles per day of traffic exposure. The B-2 General Business District zoning allows a wide range of permitted uses including retail, professional office, medical or dental practice, salon or spa, boutique fitness, financial services, or quick-service restaurant concepts such as coffee, smoothie, or sandwich shops. The interior features modern finishes, updated flooring, stylish lighting, and natural light, with an open and flexible layout. The site offers ample parking and the flexibility to expand or redevelop. The building features 1,289 square feet on the main level, plus a full 1,289-square-foot unfinished basement and an attached two-car garage, offering nearly 3,000 square feet of total functional area. The property is located within the rapidly expanding Hampshire-Pingree Grove growth corridor, surrounded by new residential subdivisions and expanding retail. Consumers within a 5-mile radius spend more than $270 million annually across retail and service categories, supported by a median household income exceeding $90,000. The property offers access to I-90 and the growing regional trade base. Redevelopment potential includes a drive-thru pad, multi-tenant strip, or owner-user headquarters.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$199.0K
NOI $17,911 @ 9.00% cap · cautious / downside scenario
Moderate
$255.9K
NOI $17,911 @ 7.00% cap · market / base-case scenario
Aggressive
$358.2K
NOI $17,911 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.5k | $25.20 |
| − Vacancy | −$2.6k | −$2.04 |
| EGI | $29.9k | $23.16 |
| − OpEx | −$11.9k | −$9.26 |
| NOI | $17.9k | $13.90 |
1,289 SF · lease $25.20/SF/yr · vacancy 8.10% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$255.9K
$223.9K – $298.5K
NOI $17,911 @ 7.0% cap · market cap 5.60%
Second Best
Office B
$253.9K
$222.2K – $296.2K
NOI $17,773 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$445.0K
$389.4K – $519.2K
NOI $31,152 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
psychic reader and advisor
Spiritual Center
H&R Block
Tax Preparation
Location Insight
- Map
- Local Demand
- City
- Hampshire
- County
- Kane
- State
- Illinois
- Longitude
- -88.5283929
- Latitude
- 42.0885601
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Turnkey commercial building on Route 72 with redevelopment potential.
Where is this office units located?
The property is located at 124 E Oak Knoll Drive Hampshire, IL.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Prime location on Route 72 with high traffic exposure (approx. 12,000 vehicles per day).; Flexible B‑2 zoning allows for a wide range of commercial uses (retail, office, medical, QSR, etc.).; Recently renovated, move‑in ready interior with modern finishes and abundant natural light.
