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    15 Madison St Oak Park, IL 60302

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    For Sale
    $2,650,000

    Retail building in Oak Park, Illinois, leased to a national tenant.

    Property size:
    37,272 SF
    Lot size:
    0.07 Acres

    Property Features for 15 Madison St

    General Information

    Size
    37,272 SF
    Lot size
    0.07 Acres

    Source: Mid-America Real Estate Group | Chicago Agent George Ghattas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Oak Park Retail Investment Opportunity

    The property at 15 Madison Street, Oak Park, Illinois, is a retail building available for sale. The property encompasses 37272 square feet. A national investment grade tenant occupies the building under a seven-year gross lease, which will commence upon the close of escrow. Mid-America Real Estate Corporation is managing the sale of the fee simple interest in the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7754416
    Latitude
    41.8796347

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    FAQs

    What type of property is this?
    Retail space - Retail building in Oak Park, Illinois, leased to a national tenant.
    Where is this retail space located?
    The property is located at 15 Madison St Oak Park, IL.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: - Leased to a national tenant; - Investment grade tenant; - Seven-year gross lease
    (630) 954-7327
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    15 Madison St Oak Park, IL 60302
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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
    15 Madison St Oak Park, IL 60302
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