1142 Chicago Avenue, Oak Park, 60302

REDUCED 10% REDUCED 10% $1,265,000 - Retail/Stores For Sale

$1,265,000

Beds
Baths
17,000Sqft
1920Built
MLS® #: 10539931
Contingent

Striking Terracotta clad commercial building in Oak Park. Located in a charming walkable business district adjacent to the Frank Lloyd Wright District. Currently configured with fully leased retail on the first floor; second floor offers various sized office space. Improvements in some retail spaces include new flooring, washrooms and exposed brick. Low vacancy. Many long-time tenants. Originally built as mixed use, many original features still in place throughout the second floor including layout, full bathrooms, original woodwork and marble entryways. Strong potential to convert to mixed use under existing zoning. Robust area investments ongoing at Lake St. and Harlem, Chicago Ave and Harlem, and the former Sears site at North Ave and Harlem. Tremendous visibility - 34,800 VPD on Harlem Avenue, 13,100 on Chicago Avenue. Surrounding neighborhood includes the Frank Lloyd Wright Home and Studio, great independent retailers like Alioto's and Tulipia, Doggie Day Play and Yuppie Puppy, walking distance to CTA Green Line and Metra, Target, Gap, Trader Joes, Whole Foods, Walgreens, and the vibrant restaurants, shops, and entertainment in Downtown Oak Park. Lovingly owned for decades by the same family, tremendous potential with this iconic building.

Additional Information: This property is located in the Oak Park neighborhood, IL. This bedrooms retail/stores property is priced at $74.4/sqft.

Price & Status History

Date Details
Status Changed from Active to Contingent
Status Changed from Re-activated to Active
Status Changed from Contingent to Re-activated
Price Reduced from $1,400,000 to $1,265,000
Status Changed from Active to Contingent
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Essential Information

MLS® #: 10539931
Price: $1,265,000
Taxes: $69,472
Square Footage: 17,000
Acres: 0.00
Year Built: 1920
Type: Commercial
Sub-Type: Retail/Stores
Status: Contingent

Community Information

Address: 1142 Chicago Avenue
Area: Oak Park
City: Oak Park
County: Cook
State: IL
Zip Code: 60302

Interior

Heating: Radiators
Cooling: Central Air, Window Unit/s
Stories: 2

Listing Details

Listing Office: Baird & Warner, Inc.

Financials

$/SqFt: $74

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Listing information last updated on June 6th, 2020 at 6:35am CDT.