Share This Listing

Message

960 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

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

Save this listing!

Favorite this listing to get notified of price updates, new media and more

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.

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
Office
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.

PROPERTY TAXES

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
  • Listing ID: 37963191

  • Date on Market: 10/6/2025

  • Last Updated:

  • Address: 124 E Oak Knoll Dr, Hampshire, IL 60140

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}