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    252 Chicago Ave Oak Park, IL 60302

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    For Lease
    $17 SF/Yr

    Loft-like retail/office space in strong Oak Park corridor.

    Property Features for 252 Chicago Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1978

    Source: FINDERS PLUS REAL ESTATE Agent LAUREN LOWERY

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

    Overview

    Oak Park Retail/Office Space

    Located on the north side of Chicago Avenue near Ridgeland, this property offers over 1800 square feet of retail or office space on the retail level. The space features an open layout and a private rear office with a bathroom. Situated in a strong Oak Park retail corridor, the location benefits from high visibility, foot traffic, and on-street parking. The property is suitable for service businesses and creative uses, with potential for conversion to a variety of uses. Current co-tenants include Pedios Pediatrics, H & R Block, and 7-11. Oak Park welcomes unique commercial uses and entrepreneurs, making this an attractive location with value-add potential.
    Location Intelligence

    Current Use by Public Records

    Barber's Gallery Barber Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7824866
    Latitude
    41.8947877

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    FAQs

    What type of property is this?
    Retail space - Loft-like retail/office space in strong Oak Park corridor.
    Where is this retail space located?
    The property is located at 252 Chicago Ave Oak Park, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Chicago Avenue with high visibility and foot traffic.; - Value-add potential for service businesses and creative uses.; - Loft-like retail/office space with over 1800 SF on the retail level.
    (312) 554-8840
    Request Owner's contact information
    252 Chicago Ave 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
    252 Chicago Ave Oak Park, IL 60302
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