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Flex Property With Drive-Through Access
For Sale
$525,000

268 Madison Street, Oak Park, IL 60302

Commercial Sale, Oak Park, IL

Property SizeContact for details
Lot Size0.14 Acres
Days on Market92

Property Features for 268 Madison Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning COMMR
Directions One block east of Ridgeland on the corner of Madison and Cuyler
Subdivision Oak Park
Standard status Active
APN 16083190180000
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 34396

Utilities

Cooling system Zoned

Building Details

Year built 1918
Floors in Building 1
Number of units 3
Flooring type Concrete
Building materials Brick, Concrete, Steel Siding
Listing Agency: Baird & Warner
Listed By: Steve Jasinski · License #475151442
Added: Jun 16 Changed: Aug 25 Last Checked: Sep 15 at 11:06PM
MLS# 12678301

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.

Investment Insights

Based on property information with market context.

Built in 1918, the property includes office space, work areas, storage, and garage improvements across its buildings. The corner building at Cuyler and Madison includes two overhead doors that support drive-through access for large vehicles, along with an industrial-size hood. A separate rear structure provides a six-stall garage currently used for storage. Concrete flooring, brick, concrete, and steel siding are among the existing construction and finish features, while cooling is zoned. The site also includes parking both inside and outside the buildings.

Located at 268 Madison Street in Oak Park’s Madison Street Business District, the property is zoned COMMR. Its combination of office, vehicle-access, garage, and storage areas creates a flexible commercial configuration within a compact 0.1446-acre site.

Key Highlights

  • Two overhead doors provide drive‑through access for large vehicles
  • Separate rear structure includes a six‑stall garage
  • 1918 construction with brick, concrete, and steel siding

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Grocery & Convenience Store Restaurant (Bike/Boat/Book/etc) Store Food Market

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

Lease Details

2
Drive-in doors

Location Intelligence

Trade Area within ½ mile

1,956
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • Clean Eating Catering (TM ) 910 S Taylor Ave, Oak Park, IL 60304
  • Quest Food Management Inc 505 washington blvd, oak park, il 60302
  • Angie's Pantry 809 South Blvd, Oak Park, IL 60302
  • Sayphotobooth 814 North Blvd, Oak Park, IL 60301
  • Vayaffag 132 Ridgeland Ave, Oak Park, IL 60302

Frequently Asked Questions

What type of property is this?
Flex space - Brick-and-steel improvements combine office areas, work space, storage, and vehicle access.
Where is this flex space located?
The property is located at 268 Madison Street Oak Park, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two overhead doors provide drive‑through access for large vehicles; Separate rear structure includes a six‑stall garage; 1918 construction with brick, concrete, and steel siding
More about this property
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