Properties

Features
: Central Air
: Electric to Site , Cable Available , Natural Gas Available
Additional Information
5600
: Brick
: Commercial
Circuit Breakers
: Concrete Perimeter
37.5 X 147.29
5
Commercial,Condominium,Office,Retail
2
: Municipal Water
Compass
Stephen Northey
Financial
32885.39
Listing Information
Thomas Wagner
44442
6179
Compass
168534
87121
Contingent
2026-02-08T00:06:02Z
MRED
2026-02-08T00:05:03Z
Property Description

Presenting a fully leased multi-tenant investment opportunity in downtown Oak Park. The property is situated along the highly trafficked Lake St commercial corridor near Oak Park Ave and is surrounded by numerous restaurants, shops, small businesses, and a dense residential population. The building is comprised of a well-insulated tenant mix in the medical and professional services industries who have been in place for an average of 6 years. Three of the four leases have an annual rent increase of 3-5 percent throughout the remaining term as well as any option periods providing a growing income stream. The building is professionally managed and recent capital improvements include work to the parking lot (2020) and plumbing (2019). The property is zoned DT-2, which allows for a myriad of commercial uses as well as residential uses above the ground floor. This advantageous zoning lends the property flexibility to future commercial tenants as well as the ability to adapt the 2nd floor to a residential use if so desired. Simply put, this offering represents a professionally managed building providing a diversified and growing income stream in a highly desirable area of Oak Park.

Commercial Sale For Sale

$825,000
Listing ID#12518349
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12518349
Price : $825,000
Year Built : 1929
Listing Status : Active Under Contract
Roof : Other, Reflective Coating
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