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$715,000
5,086
square ft

1000 Madison Street
Oak Park, Illinois 60302

Closed / MLS #11659395 / Commercial / Mixed Use / Oak Park
Listing information updated 4/7/2023 at 6:03am
Tremendous opportunity to lease 3770+ square feet of commercial office/retail space in the heart of the medical district of Oak Park. Prior use was an immediate care facility. It has 9 exam rooms, two kitchenettes, two bathrooms, offices, a spacious and gracious entrance/waiting area, basement storage and more. Almost ready to go for the right tenant. Residential tenant upstairs pays all utilities except property taxes on a lovely, remodeled 3 bedroom, 2 bath unit. BUILDING IS ALSO FOR SALE. Tenant on the second floor pays $2,025/month plus utilities. Exterior parking in the back. Projected cap rate at stabilization at asking is 12.27!!! ($100K projected NOI / $815000 = 12.27).
Built:
1921
Parking Spaces:
3
Cooling System:
Central Air
Stories:
2
Roof:
Membrane,Reflective Coating
Potential Use:
Commercial, Office and Research, Retail
Zoning:
COMMR
# of Offices:
1
Building Square Feet:
5,086
Tax Amount:
$18,458
Tax Year:
2020
Zip Code:
60302
City:
Oak Park
County:
Cook
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.
Oak Park

Oak Park, IL

Oak Park is definitely the cool kid on the block as far as communities go. Located just 10 miles west of downtown Chicago, the community has a distinctly urban, creative vibe and has long been home to artists who have risen to the top of their fields. Renowned architect Frank Lloyd Wright spent the...

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Union Pacific West line at Oak Park
$457,548
Average Sale Price
43
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1000 Madison Street, Oak Park, IL 60302

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1000 Madison Street is a commercial / mixed use which sold for $715,000. This commercial / mixed use has been listed on @properties since October 24th, 2022 and was built in 1921. The nearest transit stops include Harlem CTA Blue line and Oak Park Metra Union Pacific West line.

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