321-329 Chicago Ave Oak Park, IL 60302
This exceptional Oak Park, Illinois investment opportunity presents a multi-tenant retail storefront at 321-329 Chicago Ave, situated on the northeast corner of Ridgeland and Chicago Avenues. The 7,658 square foot building, constructed in 1932, boasts a strong 8.21% capitalization rate and offers significant value-add potential. Currently occupied by four tenants, including Domino's, Jinny's Cleaners, and a veterinary practice, this property provides a diverse and stable income stream. The building benefits from high visibility, a prime location with substantial foot traffic, and convenient on-site parking for 25 vehicles. The asking price is $850,000. Lease options and rent bumps are available. This fee simple ownership offers a stabilized investment with a proven track record. The property's location in Cook County, Illinois, zip code 60302, ensures easy access to major transportation routes and a thriving community. This is a rare opportunity to acquire a well-positioned, income-producing retail property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.