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Oak Park Retail Investment Opportunity
For Sale
$2,650,000

11 Madison Street, Oak Park, IL 60302

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

Property Size37,272 SF
Days on Market183

Property Features for 11 Madison Street

General Information

Standard status Active
Size 37,272 SF
Property subtype Retail

Building Details

Building Size 37,272 SF
Listing Agency: Mid-America Real Estate
Listed By: George Ghattas · License #475135588
Source: Midamericagrp
Added: Mar 7 Changed: Aug 8 Last Checked: Sep 5 at 4:54AM

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 Mid-America Real Estate

Investment Insights

Based on property information with market context.

The property at 11 Madison Street in Oak Park, Illinois, is a retail building available for sale. The property is leased to a national tenant operating under a seven-year gross lease, which will commence at the close of escrow. Mid-America Real Estate Corporation is representing the owner in the sale of the fee simple interest.

Key Highlights

  • Leased to a national investment grade tenant.
  • Seven‑year gross lease in place.
  • Retail building in Oak Park, Illinois.

Property Analytics

Current Use

U.S. Bank Branch Bank US Bank Mortgage Loan Service U.S. Bank-Mortgage Loan ... Loan Service ATM (U.S. Bank) Atm

Suggested Use

Top Pick Real Estate Agency Law Firm (Bike/Boat/Book/etc) Store Auto Parts Store Cafe & Coffee Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,582
Businesses Nearby
70k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 55% Shops & Services 45%
McDonald's Dining
30,939 visits/mo 0.1 miles
Shell Shops & Services
13,121 visits/mo 0.5 miles
BP Shops & Services
8,698 visits/mo 0.2 miles
U.S. Bank Shops & Services
7,983 visits/mo 0.1 miles
Church's Chicken Dining
7,802 visits/mo 0.5 miles

Demographics for 60302, IL

33,698
Population
15,702
Households
2.1
Avg Household Size
41
Median Age
71%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
11,233
Density / Sq Mi
$97,414
Median Household Income
$69,368
Median Earnings
$1,348
Median Rent
$450,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail building in Oak Park, Illinois, leased to national tenant.
Where is this retail space located?
The property is located at 11 Madison Street 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 investment grade tenant.; Seven‑year gross lease in place.; Retail building in Oak Park, Illinois.
More about this property
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