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30033455
30033470

104 N Oak Park Ave, Oak Park, IL 60301

BH
IL IL 475.165689
Greenstone Partners
CM
IL IL 475.169199
Greenstone Partners
Greenstone Partners
Listed by Greenstone Partners
$5,770,000
95 days on market
Updated 4 days ago

100-114 Oak Park Ave

Details
APN 16-07-224-024-0000 | 16-07-224-022-0000
Property Type Office, Retail
Sub Type Bank
Square Footage 28,224
Net Rentable (SqFt) 28,224
Units 8
Occupancy 24%
Tenancy Multi
Year Built 1919
Stories 2
Lot Size (SqFt) 17,668
Zoning DT-2 (Hemingway Subdistrict)
Investment Type Value Add
Ground Lease No
Ownership Fee-Simple, Free & Clear of Debt

DOWNTOWN OAK PARK | VALUE-ADD OPPORTUNITY | GENERATIONAL TRANSIT ORIENTED REAL ESTATE

Marketing description

Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire 100-114 N. Oak Park Avenue (the “Property”), in the heart of Downtown Oak Park, Illinois. Oak Park is the closest suburb to the City of Chicago, just seven miles from Chicago’s CBD. Oak Park is rated a notable “A+” by Niche.com as well as ranked 3rd in “Best Places to Live in Cook County.”

The iconic two-story building comprises ±28,224 rentable square feet with a full lower level and is situated on ±17,668 square feet of land. The Property offers an impressive ±184 feet of premier frontage along one of Oak Park’s most sought-after commercial corridors and ±96 feet along North Boulevard. Adjacent to the Property is a 6-story parking garage containing 535 parking spaces that is owned by Village of Oak Park.

Situated on the northeast corner of Oak Park Ave and North Blvd, the Property is located directly across from the CTA Oak Park Green Line ‘L’ Station and five blocks from the Metra Rail UP-W Oak Park Station, which both directly connect to Chicago’s CBD.

The Property sits within the thriving commercial corridor of Downtown Oak Park, a vibrant hub that seamlessly combines a dynamic entertainment district with unmatched accessibility to numerous public transit options. This flourishing submarket contains an exceptionally diverse mix of tenants, including food, fashion, grocery, entertainment, education, healthcare, and beyond. Anchored by nationally recognized brands, the area features prominent retailers such as Whole Foods, Target, Fitness Formula Club, Walgreens, Starbucks, DSW, Noodles & Company, Ulta Beauty, and many others.

Within 1-mile, demographics include an average household income of $119,000+, an average home value of $436,000+, and a total population of 39,156.

Investment highlights

SUPERIOR LOCATION + VISIBILITY

OAK PARK IS BOOMING

SURROUNDING ATTRACTIONS

PROXIMITY TO TRANSIT

VALUE-ADD WITH STABLE INCOME

Listing Contacts

BH
IL IL 475.165689
Greenstone Partners
CM
IL IL 475.169199
Greenstone Partners
Greenstone Partners
Listed by Greenstone Partners

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Additional Information

Name
Brewster Hague
License
IL 475.165689
Name
Chris Malay
License
IL 475.169199
Brokerage
Greenstone Partners
Brokerage Phone
312 234 0333
Title
IL
Brokerage Address
1040 North Halsted Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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