321-329 Chicago Ave Oak Park, IL 60302
- Retail properties
- 7,658 SF
Current Use by Public Records
- Retail properties
Property Details for 321-329 Chicago Ave
- Year built
- 1932
- Property size
- 7,658 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oak Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.7844
- Latitude
- 41.8944
