Share This Listing

Message

962 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

7045 W North Ave 5,000 SF Retail Building Oak Park, IL 60302 $749,000 ($149.80/SF)

Save this listing!

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

Investment Highlights

  • Ideal location in high traffic location
  • Private Parking
  • 5000sf of adaptable, divisible open space

Executive Summary

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.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,000 SF
Building Class
C
Year Built
1957
Price
$749,000
Price Per SF
$149.80
Tenancy
Single
Building Height
1 Story
Building FAR
0.82
Lot Size
0.14 AC
Parking
7 Spaces (1.4 Spaces per 1,000 SF Leased)
Frontage
50’ on W North Ave

Amenities

  • Air Conditioning
Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Orangetheory Fitness
Huntington National Bank
Fresh Thyme Farmers Market
Foss Swim School
Bank of America
Starbucks
PNC Bank
U.S. Bank
Chase Bank
Old Second National Bank

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 16-06-101-009-0000
  • 16-06-101-010-0000
Land Assessment
$50,000
Improvements Assessment
$60,516
Total Assessment
$110,516
  • Listing ID: 38550506

  • Date on Market: 11/23/2025

  • Last Updated:

  • Address: 7045 W North Ave, Oak Park, IL 60302

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") }}