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    Property profile & analytics

    238 Madison St Oak Park, IL 60302-4112

    • Retail space
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Last Sale
    Feb 22, 2022
    $234,000
    Location Intelligence
    Property ID
    US28-2555412
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Glitter Nail Salon / Nail Salon / Beauty Salon
    • Glitter Nail & Skin Academy / Eyelash Salon / Nail Salon

    Property Details for 238 Madison St

    Year built
    1924
    Lot size
    0.09 lot acres
    Property type
    Retail space
    APN
    16-08-319-026
    APU
    1608319026

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7814
    Latitude
    41.8803
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $35,804
    $25,625
    $67,614
    $93,239
    -
    $102,500
    $270,456
    $372,956

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      6747 Nn Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      6747 Nn Ave, Oak Park, IL 60302-1022
      View Details
    • Value Estimation by Request
      0.07 Acres

      6437 Nn Ave

      STORE, RETAIL OUTLET • 0.07 Acres
      6437 Nn Ave, Oak Park, IL 60302
      View Details
    • Value Estimation by Request
      0.18 Acres

      6855 Nn Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.18 Acres
      6855 Nn Ave, Oak Park, IL 60302-1023
      View Details
    • Value Estimation by Request
      0.07 Acres

      6711 Nn Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      6711 Nn Ave, Oak Park, IL 60302-1006
      View Details
    • Value Estimation by Request
      0.08 Acres

      811 Ss Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      811 Ss Blvd, Oak Park, IL 60302-2807
      View Details
    • Value Estimation by Request
      0.09 Acres

      6701 Nn Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.09 Acres
      6701 Nn Ave, Oak Park, IL 60302-1006
      View Details

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      Oak Park Retail Investment Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail Space with Restaurant Potential

      Retail space with black-iron, suitable for restaurant use.
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      Retail or office space for rent with included utilities.
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    • $16 SF/Yr
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      Oak Park Office Building For Lease

      6,700 SF, Multi-Tenant Office Space
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      Retail Space with High Ceilings

      Large open retail space, a blank canvas, perfect for anything.
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      Loft-like retail/office space in strong Oak Park corridor.
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    238 Madison St
    Oak Park, IL 60302-4112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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