

Listed by KW Keller Williams Inspire
$320,000
124 E Oak Knoll Drive
Details
APN 0127151031
Property Type Office, Retail
Sub Type Creative Office, Medical Office
Square Footage 1,184
Units 1
Cap Rate 7.34%
NOI $23,500
Tenancy Vacant
Pro-Forma Cap Rate 7.34%
Pro-Forma NOI $23,500
Price per SqFt $270
Class B
Year Built 1960
Year Renovated 2024
Buildings 1
Acreage 0.480
Zoning COMMR
Investment Type Owner/User
PRIME Rt 72 Frontage with flexible zoning.
Marketing description
Prime Route 72 Commercial Building - Modern, Flexible, and Positioned for Growth. This turnkey remodeled commercial building is perfectly positioned on a spacious 0.48-acre lot with prime Illinois Route 72 frontage and an established curb cut. This rare small-footprint property combines modern design, high visibility, and zoning versatility, offering endless potential for business owners, investors, and developers alike. Featuring approximately 12,000 vehicles per day of traffic exposure, this property commands attention along one of Hampshire's most active commercial corridors. The site's B-2 General Business District zoning allows a wide range of permitted uses including retail, professional office, medical or dental practice, salon or spa, boutique fitness, financial services, or quick-service restaurant (QSR) concepts such as coffee, smoothie, or sandwich shops. Recently renovated with modern finishes, updated flooring, stylish lighting, and abundant natural light, the interior delivers an open and flexible layout that can easily be configured to meet a variety of commercial needs. Whether you envision a boutique office, customer-facing retail storefront, or turnkey wellness space, the building's clean, contemporary aesthetic supports a professional and inviting atmosphere. Outside, the nearly half-acre site offers ample parking, convenient ingress and egress, and the flexibility to expand or redevelop-ideal for investors seeking to add a drive-thru pad or small multi-tenant strip. Located within the rapidly expanding Hampshire-Pingree Grove growth corridor, this property is surrounded by new residential subdivisions, expanding retail, and strong local demographics. Within a 5-mile radius, consumers spend more than $270 million annually across retail and service categories, supported by a median household income exceeding $90,000. As the region continues to attract families and professionals seeking affordable housing near the I-90 tollway, businesses along Route 72 benefit from steady traffic growth and population inflow. The area's combination of small-town charm and proximity to major employment centers positions Hampshire as one of Kane County's most promising commercial markets. Flexible B-2 zoning supports office, medical, retail, or QSR uses. The modern, renovated interior is move-in ready and well-suited for immediate occupancy. The property provides ample on-site parking with room for future expansion or outdoor use and offers excellent access to I-90 and the growing regional trade base. Redevelopment potential includes a drive-thru pad, multi-tenant strip, or owner-user headquarters. The building features 1,289 square feet on the main level, plus a full 1,289-square-foot unfinished basement and an attached two-car garage, offering nearly 3,000 square feet of total functional area-ideal for storage, service, or future expansion. Offered at $325,000 (1420/SF above grade, roughly 2644/SF of total usable space), 124 E Oak Knoll Drive is not just a building-it's a high-visibility commercial opportunity in one of Kane County's fastest-growing communities. With its remodeled condition, strong demographics, and redevelopment potential, this property checks every box for visibility, flexibility, and long-term value. Position your business or investment here and take advantage of Hampshire's growth-where small-town character meets major-market opportunity.
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Listed by KW Keller Williams Inspire
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Loan Amount
$0.00
Annual Debt Service
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$--
Annual Cash Flow
$23,500.00
$1,958.33/mo
Valuation Metrics
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DSCR
7.34%
Cap Rate
7.34%
ROI
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