Office Building with Road
124 E Oak Knoll Drive, Hampshire, IL 60140
For Sale
$320,000
Commercial Sale, Hampshire, IL
Property Size1,289 SF
Lot Size0.48 Acres
Price / SF$248.25
Days on Market226
Property Features for 124 E Oak Knoll Drive
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Condition
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
Keller Williams Inspire - Geneva · Keller Williams Realty
(630) 262-9500
Listed By:
Alissa Roy · License IL #475161511
(630) 377-6200
Added: Mar 31
Changed: Oct 30
Last Checked: Nov 11 at 6:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property contains 1,289 square feet on the main level, with a separate 1,289-square-foot unfinished basement and an attached two-car garage. Renovation work includes updated flooring and lighting; the interior also has natural light. The building was constructed in 1960 and has aluminum siding.
The 0.48-acre parcel fronts Illinois Route 72 and includes an established curb cut. Traffic exposure is reported at approximately 12,000 vehicles per day. Water is available, and the property is served by public sewer.
The 0.48-acre parcel fronts Illinois Route 72 and includes an established curb cut. Traffic exposure is reported at approximately 12,000 vehicles per day. Water is available, and the property is served by public sewer.
Key Highlights
- 1,289‑square‑foot main level and 1,289‑square‑foot unfinished basement
- 0.48‑acre parcel with Illinois Route 72 frontage and an established curb cut
- Approximately 12,000 vehicles per day of reported traffic exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,773
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,460
$355.5K
Cap Rate 7%
$253,900
$253.9K
Cap Rate 9%
$197,478
$197.5K
Market Conditions
NOI Build-Up for 1,289 SF
Gross rent
$31.6K $24.48/SF
− Vacancy
−$7.9K −$6.10/SF
EGI
$23.7K $18.38/SF
− OpEx
−$5.9K −$4.60/SF
NOI
$17.8K $13.79/SF
Area
Kane County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,460
Cap Rate 7%
$253,900
Cap Rate 9%
$197,478
Alternative Uses
Best Use
Office B
$253.9K
$222.2K – $296.2K
NOI $17,773 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$351.5K
$307.6K – $410.1K
NOI $24,604 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
12,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 60140, IL
21,902
Population
7,325
Households
3
Avg Household Size
37
Median Age
38%
College-Educated
93%
High-School Grad
81.0 sq mi
ZIP Area
270
Density / Sq Mi
$114,675
Median Household Income
$58,111
Median Earnings
$1,379
Median Rent
$316,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Office buildings in Kane County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The updated interior offers an open layout with natural light, vinyl and wood flooring, and an unfinished lower level.
Where is this office building 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: 1,289‑square‑foot main level and 1,289‑square‑foot unfinished basement; 0.48‑acre parcel with Illinois Route 72 frontage and an established curb cut; Approximately 12,000 vehicles per day of reported traffic exposure
