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    401-417 N Harlem Ave Oak Park, IL 60301

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    For Lease
    Contact for pricing

    Retail space near CTA and Metra stations with high ridership.

    Property size:
    1,261 SF
    Lot size:
    0.71 Acres

    Property Features for 401-417 N Harlem Ave

    General Information

    Size
    1,261 SF
    Lot size
    0.71 Acres

    Source: Mid-America Real Estate Group Agent Elizabeth Sweeney

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

    Overview

    Retail Space Near Transportation Hubs

    This retail space, encompassing 1,261 square feet, is situated approximately one mile north of the Eisenhower/Harlem Avenue interchange. The location benefits from its proximity to the CTA Green Line, which has an annual ridership of approximately 550,000. Additionally, it is located near a Metra station with an annual ridership of approximately 350,000. The area is slated for further development with three new high-rise residential projects planned within three blocks, which are expected to add 600 residential units to the market.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8044707
    Latitude
    41.8872602

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    FAQs

    What type of property is this?
    Retail space - Retail space near CTA and Metra stations with high ridership.
    Where is this retail space located?
    The property is located at 401-417 N Harlem Ave Oak Park, IL.
    What are key features of this property?
    This property features: - Proximity to CTA Green Line (± 550,000 annual ridership); - Proximity to Metra Station (± 350,000 annual ridership); - Three new high-rise residential projects planned nearby (600 units)
    (630) 954-7300
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    401-417 N Harlem Ave Oak Park, IL 60301
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    Oak Park, IL 60301
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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
    401-417 N Harlem Ave Oak Park, IL 60301
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