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124 E Oak Knoll Dr 1,400 SF Office Building Hampshire, IL 60140 $325,000 ($232.14/SF)



INVESTMENT HIGHLIGHTS
- 0.48 acre lot with prime Route 72 frontage & curb cut
- Flexible B-2 zoning supports office, medical, retail, or QSR uses
- Ample on-site parking with room for future expansion or outdoor use
- 12,000 vehicles per day (VPD) – excellent signage visibility
- Modern renovated interior – ready for immediate occupancy
- Strong demographics: $90K+ median income | $270M annual retail spend within 5 miles
EXECUTIVE SUMMARY
Prime Commercial Opportunity in Hampshire, IL – High-Visibility, Turnkey Building with Redevelopment Potential
Discover endless potential at 124 E Oak Knoll Dr in Hampshire, Illinois — a 1,400 SF remodeled commercial building situated on a generous 0.48-acre lot with prime Illinois Route 72 frontage and an existing curb cut. With 12,000 vehicles per day, this property offers unbeatable exposure for your business or redevelopment vision.
Zoned B-2 (General Business District), the site allows for a broad range of commercial uses — from professional offices and medical/wellness services to retail, boutique, or QSR/drive-thru concepts. The interior has been tastefully remodeled, featuring modern finishes, bright natural light, and a flexible layout easily adapted to suit a variety of professional uses.
Located within the rapidly expanding Hampshire-Pingree Grove corridor, the surrounding trade area boasts strong population growth, a median household income exceeding $90,000, and over $270 million in annual retail expenditures within 5 miles. This growing consumer base makes the property an ideal fit for local entrepreneurs, regional operators, or national franchise users seeking a visible, high-traffic location in an up-and-coming market.
The half-acre site provides ample on-site parking, excellent ingress/egress, and room for potential expansion, outdoor use, or pad redevelopment. Whether you’re an owner-user, investor, or developer, 124 E Oak Knoll Dr delivers location, flexibility, and future growth potential in one compelling package.
Discover endless potential at 124 E Oak Knoll Dr in Hampshire, Illinois — a 1,400 SF remodeled commercial building situated on a generous 0.48-acre lot with prime Illinois Route 72 frontage and an existing curb cut. With 12,000 vehicles per day, this property offers unbeatable exposure for your business or redevelopment vision.
Zoned B-2 (General Business District), the site allows for a broad range of commercial uses — from professional offices and medical/wellness services to retail, boutique, or QSR/drive-thru concepts. The interior has been tastefully remodeled, featuring modern finishes, bright natural light, and a flexible layout easily adapted to suit a variety of professional uses.
Located within the rapidly expanding Hampshire-Pingree Grove corridor, the surrounding trade area boasts strong population growth, a median household income exceeding $90,000, and over $270 million in annual retail expenditures within 5 miles. This growing consumer base makes the property an ideal fit for local entrepreneurs, regional operators, or national franchise users seeking a visible, high-traffic location in an up-and-coming market.
The half-acre site provides ample on-site parking, excellent ingress/egress, and room for potential expansion, outdoor use, or pad redevelopment. Whether you’re an owner-user, investor, or developer, 124 E Oak Knoll Dr delivers location, flexibility, and future growth potential in one compelling package.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$6,457
|
$4.61
|
| Operating Expenses |
$5,600
|
$4.00
|
| Total Expenses |
$12,057
|
$8.61
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $6,457 |
| Annual Per SF | $4.61 |
| Operating Expenses | |
|---|---|
| Annual | $5,600 |
| Annual Per SF | $4.00 |
| Total Expenses | |
|---|---|
| Annual | $12,057 |
| Annual Per SF | $8.61 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
1,400 SF
Building Class
C
Year Built
1960
Price
$325,000
Price Per SF
$232.14
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,400 SF
Building FAR
0.06
Lot Size
0.58 AC
Zoning
B2 - Zoned B-2: Allows retail, office, medical, restaurant, and mixed-use; ideal for drive-thru, boutique retail, or professional service uses.
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PROPERTY TAXES
| Parcel Number | 01-27-151-031 | Total Assessment | $91,800 |
| Land Assessment | $29,234 | Annual Taxes | $6,457 ($4.61/SF) |
| Improvements Assessment | $62,566 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-27-151-031
Land Assessment
$29,234
Improvements Assessment
$62,566
Total Assessment
$91,800
Annual Taxes
$6,457 ($4.61/SF)
Tax Year
2024
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124 E Oak Knoll Dr
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