1142 Chicago Ave
Oak Park, IL 60302
1142 Chicago Avenue, Oak Park · Office Property For Sale

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.