7045 W North Avenue
Oak Park, IL, 60302 $ 749,000
Bedrooms-- Baths-- Sq 5,000 Monthly Estimate*
$ 4,612
for $749,000. This 5,000 square foot building was built in 1957 on a lot size of 0.14348.
Prime commercial opportunity nestled in a high traffic locale in established Oak Park and growing Galewood (Chicago) neighborhood. This property, currently a large open layout furniture showroom with 50 foot frontage, 10' ceilings and over 5000sf that is easily divisible, presents a lucrative prospect for savvy investors and entrepreneurs alike. Strategically situated one block east of the "Four Corners" of Harlem (Rt 43) and North (Rt 64) Avenues, along high-traffic (28,000 cars per day) North Avenue, this versatile space offers immense potential for adaptation or even new development. The very well kept existing structure (new AC 2021, new roof 2017) has 6 parking spaces in back through a rear alley and the A++ location provides a solid foundation for future uses. The adjacent neighborhood to the south includes architecturally significant homes in northwest Oak Park and to the north in Galewood there are 275 NEW residential units, a NEW 50,000 sf Rush Hospital outpatient facility AND future NEW development on the northeast corner parcel of Harlem and North. Nationally, high profile retail adjacent businesses include Starbucks, Bank of America, JC Lichts Paint, Buona Beef, Dunkin, Walgreens Drug, UPS Store and many established, locally owned restaurants and businesses. This is a truly vibrant surrounding area with a steady stream of foot and auto traffic. Whether you envision medical, dental, retail, physical therapy, mental health, restaurant, gym, dispensary, martial arts, theater/acting studio or indoor recreation/sports/coaching facility, this is an exceptional chance to transform this property into a lucrative investment opportunity. Schedule your viewing today of this prime commercial building and please do not disturb business. 2PINs 16061010090000 & 16061010100000.
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Commercial ActiveCommercial,Medical/Dental
FeaturesGeneralCooling Central Air
Zoning COMMR
Year Built 1957
Electric Circuit Breakers
Tenant Pays Other
Stories Count 1
Township Oak Park
Tax Year 2023
Current Use Commercial Medical/Dental
Gross Income 0
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 0
Insurance Expense 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions North Ave East of Harlem
City Oak Park
Number Of Units Total 1
MLS Area Oak Park
Lot Size Square Feet 6250
Tax Annual Amount 36028
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Leasable Area 0
Standard Status Active
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ExteriorBuilding Area Total 5000
Lot Dimensions 50X125
Frontage Type City Street
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* Excluded FeaturesList Bygulloassociates@msn.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,612
- Monthly Property Taxes
- $3,002
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Oak Park, IL
Average List Price $1,070,667
Percent of Sale Price 43%
About Oak Park, IL 51,895 Population
-1% Since 2002
$ 86,418 Median Income
40.94 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/2/2025 | $749,000 | | Listed Price |