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401 Harrison St 6,602 SF Office Building Oak Park, IL 60304 $2,200,000 ($333.23/SF)
Investment Highlights
- Newer Roof
- Multiple of offices
- Plenty of parking
Executive Summary
Investors, don’t miss this opportunity! This well-maintained office property features a recently installed roof and ample parking, with 23 designated spots for clients and employees. Inside, you’ll find multiple offices and generous storage space throughout. The location offers excellent accessibility—just minutes from public transportation and the nearby 290 expressway.
This is a prime investment opportunity being offered as a sale-leaseback. With easy access to city transit and major highways, this property is positioned for long-term value.
This is a prime investment opportunity being offered as a sale-leaseback. With easy access to city transit and major highways, this property is positioned for long-term value.
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$231,000
|
$34.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$231,000
|
$34.99
|
| Taxes |
$13,574
|
$2.06
|
| Operating Expenses |
$67,399
|
$10.21
|
| Total Expenses |
$80,973
|
$12.26
|
| Net Operating Income |
$150,027
|
$22.72
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $231,000 |
| Annual Per SF | $34.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $231,000 |
| Annual Per SF | $34.99 |
| Taxes | |
|---|---|
| Annual | $13,574 |
| Annual Per SF | $2.06 |
| Operating Expenses | |
|---|---|
| Annual | $67,399 |
| Annual Per SF | $10.21 |
| Total Expenses | |
|---|---|
| Annual | $80,973 |
| Annual Per SF | $12.26 |
| Net Operating Income | |
|---|---|
| Annual | $150,027 |
| Annual Per SF | $22.72 |
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
6,602 SF
Building Class
C
Year Built
1991
Price
$2,200,000
Price Per SF
$333.23
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,602 SF
Building FAR
0.45
Lot Size
0.34 AC
Zoning
B-2, Oak Park - Office
Parking
23 Spaces (3.48 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
Hanger Clinic traces its origins to 1861 when James Edward Hanger became a Civil War amputee and created his own prosthetic device. This innovation led to the establishment of a company dedicated to orthotic and prosthetic solutions. Today, Hanger Clinic provides comprehensive orthotic and prosthetic care through numerous patient clinics nationwide. The company offers custom prosthetic limbs, orthotic braces, and neuromuscular rehabilitation technologies to serve a wide range of patients needing physical rehabilitation services across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $181,527 (2025) | |
| Land Assessment | $117,240 (2025) | Annual Taxes | $13,574 ($2.06/SF) |
| Improvements Assessment | $64,287 (2025) | Tax Year | 2023 Payable 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$117,240 (2025)
Improvements Assessment
$64,287 (2025)
Total Assessment
$181,527 (2025)
Annual Taxes
$13,574 ($2.06/SF)
Tax Year
2023 Payable 2024
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401 Harrison St
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