Remodeled Commercial Building on Route
124 East Oak Knoll Drive Hampshire, IL 60140
124 East Oak Knoll Drive, Hampshire, IL, 60140
$325,000
For Sale
$325,000
Turnkey 1,400 SF building on 0.48 acres with high visibility.
Property Size1,400 SF
Lot Size0.48 Acres
Price / SF$232.14
Days on Market286
Property Features for 124 East Oak Knoll Drive
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Lot size
- 0.48 Acres
- Property subtype
- HC, OFC, SCR-FREE
Building Details
- Year Built
- 1960
Listing Agency
Keller Williams Inspire
(630) 615-8267
Listed by
Alissa Roy · License #475161511
(630) 615-8267
Source
Realnex
Added: Oct 6, 2025 Checked: Jul 16 at 9:58 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Inspire
Investment Insights
Based on property information with market context.
This remodeled 1,400 SF commercial building is positioned on a 0.48-acre lot with frontage on Illinois Route 72. The property benefits from an established curb cut and B-2 General Business District zoning, which allows for a range of permitted uses such as retail, professional office, medical or dental practice, salon/spa, boutique fitness, financial services, or quick-service restaurant concepts. The location provides 12,000 vehicles per day of traffic exposure. The interior features modern finishes, updated flooring, stylish lighting, and natural light, creating an open and flexible layout. The space can be configured for a boutique office, a customer-facing retail storefront, or a wellness space. The site offers ample parking, convenient ingress and egress, and the potential to expand or redevelop, making it suitable for adding a drive-thru pad or small multi-tenant strip. Located in Kane County, the property offers visibility, flexibility, and long-term value.
Key Highlights
- Prime location on Illinois Route 72 with high visibility, boasting 12,000 vehicles per day traffic exposure.
- Versatile B‑2 General Business District zoning allows for a wide range of uses.
- Turnkey, remodeled 1,400 SF building with modern finishes, updated flooring, stylish lighting, and abundant natural light.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.3k | $24.48 |
| − Vacancy | −$8.5k | −$6.10 |
| EGI | $25.7k | $18.38 |
| − OpEx | −$6.4k | −$4.60 |
| NOI | $19.3k | $13.79 |
1,400 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$275.8K
$241.3K – $321.7K
NOI $19,304 @ 7.0% cap · market cap 5.94%
Second Best
Retail
$241.4K
$211.2K – $281.7K
NOI $16,899 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$483.4K
$422.9K – $563.9K
NOI $33,835 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
psychic reader and advisor
Spiritual Center
H&R Block
Tax Preparation
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Turnkey 1,400 SF building on 0.48 acres with high visibility.
Where is this storefront property located?
The property is located at 124 East Oak Knoll Drive Hampshire, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Prime location on Illinois Route 72 with high visibility, boasting 12,000 vehicles per day traffic exposure.; Versatile B‑2 General Business District zoning allows for a wide range of uses.; Turnkey, remodeled 1,400 SF building with modern finishes, updated flooring, stylish lighting, and abundant natural light.
