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    8847 Ogden Ave Brookfield, IL 60513

    Sponsored
    For Sale
    $509,500

    Brookfield, IL Mixed-Use Investment Opportunity

    Property size:
    4,482 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This meticulously maintained 4,482 sq ft brick building in Brookfield, IL, sits on a prominent corner of historic Route 66. Built in 1920, it boasts a blend of commercial and residential space. The ground floor features a 1,250 sq ft hair salon, fully remodeled in 2015 with new flooring, lighting, HVAC, and electrical. Currently leased until April 2025, with the tenant expressing interest in renewal. The upper level includes a two-bedroom residential apartment occupied by the owner, featuring a living room, dining room, kitchen with oak cabinets and laminate countertops, a full bath, and laundry room. Additional living space above the salon includes a living room, kitchenette, and a 3/4 bath. A 630 sq ft unfinished space above the garage offers expansion potential, accessible via an enclosed rear porch. An attached heated six-car garage with 220 electrical service provides further income potential. Recent upgrades include new windows (two years ago), storefront window upgrades (2023), and tuckpointing (two years ago). A large, unfinished basement offers ample storage. This property presents a unique investment opportunity with stable rental income and significant expansion possibilities. The owner's retirement and out-of-state relocation create a compelling opportunity for a new owner.

    Property Features for 8847 Ogden Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,482 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    VEME-hair & makeup salon Hair Salon Eva Hair Salon Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Cook
    State
    Illinois
    Longitude
    -87.84294
    Latitude
    41.81632

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    FAQs

    What type of property is this?
    Commercial real estate - Brookfield, IL Mixed-Use Investment Opportunity
    Where is this commercial real estate located?
    The property is located at 8847 Ogden Ave Brookfield, IL.
    What is the asking price?
    The asking price for this property is $509,500.
    (708) 531-0800
    Request Owner's contact information
    8847 Ogden Ave Brookfield, IL 60513
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    Brookfield, IL 60513
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8847 Ogden Ave Brookfield, IL 60513
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