6301 North Ave Oak Park, IL 60302

This exceptional value-add opportunity presents a 36,005 square foot shopping center in Oak Park, Illinois. Located on North Avenue, this multi-tenant property boasts a 97.2% occupancy rate and features prominent tenants such as Dollar Tree and Cash America Pawn. Built in 1957 and renovated in 1997, the center sits on a 1.88-acre lot and benefits from high daily traffic counts exceeding 30,200 vehicles. The property's strong tenant base includes several long-term occupants, with over 66% (by area) having been present for more than 20 years. Recent leasing activity includes new 10-year and 5-year leases, along with significant renewals, demonstrating market demand. The property's location within a densely populated area with a 1-mile radius of approximately 36,000 residents and an average household income of $128,000 provides a stable and growing consumer base. Several below-market leases expiring between 2025 and 2027 offer a significant value-add opportunity for increased net operating income (NOI), potentially exceeding $40,000 annually through lease-up of the existing 1,000 square foot vacancy. This NNN-leased property presents a compelling investment opportunity for those seeking a stable, high-performing retail asset with significant upside potential.