Property profile

107 Oak Park Ave107c Oak Park, IL 60301

OFF-MARKET
Office Spaces
Property ID
US28-1830388
0.34 ac lot Built 1915
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,437-square-foot commercial space at 107 N Oak Park Ave in Oak Park, Illinois, presents a unique opportunity for a variety of businesses. Located in downtown Oak Park on a main thoroughfare, this single-tenant property boasts excellent visibility thanks to large storefront windows. The space is currently vacant and offers a flexible layout suitable for several uses, including executive office, creative office, retail, or restaurant. Previously configured as a restaurant, it offers a second-generation space ready for immediate occupancy. The property is situated in Cook County, Illinois, and features a convenient address with easy access to local amenities and transportation. This is a remarkable opportunity for a business seeking a high-profile location with significant street presence. A compelling incentive is currently available: up to twelve months of free rent is offered on a minimum five-year lease. The property type is classified as retail, office, and restaurant, making it adaptable to a wide range of business needs. The zip code is 60301. The total building square footage is 4,437 square feet, with all of it currently vacant.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1915
Lot 0.34 ac (14,996 SF)
APN 16-07-129-036-1003
UPID US28-1830388

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising Advertising Agency

Location

107 Oak Park Ave107c Oak Park, IL 60301-1303
Oak Park metro Census 812301 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2021
Last sale
$610,000
5 recorded transactions
2021
$380,000
2019
Price N/A
2007
$1.3M
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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