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


Investment Highlights
- Prime North Avenue Retail | 5,000+ SF High-Visibility Corner Corridor | 28K+ Vehicles Daily | Oak Park / Galewood Trade Area
- Private Parking
- 5000sf of adaptable, divisible open space
Executive Summary
Prime Medical or Retail Opportunity - 5,000+ SF High-Visibility North & Harlem Corridor | 28K+ Vehicles Daily | Oak Park/River Forest/Galewood/Elmwood Park Area.
Position your business in one of the most dynamic corridors in the Near West Suburban area, serving the vibrant communities of Oak Park & River Forest and Chicago’s Galewood neighborhood. Nearby developments include a new 50,000 sq. ft. outpatient facility from Rush University Medical Center, 275 new residential units opening Summer 2026, and additional planned retail development at the busy Harlem & North intersection.
The property is surrounded by a strong mix of national retailers and established local businesses including Starbucks, Bank of America, Buona, Dunkin', Walgreens, Benjamin Moore, The UPS Store, as well as well-known local businesses like Onion Roll Deli and Yonan Carpet One. The surrounding corridor also includes cardiology, dental, vision, and other professional medical offices. Within walking distance is the highly desirable Northwest Oak Park / St. Giles residential neighborhood, known for its strong demographics and stable residential base.
This exceptional commercial property offers over 5,000 square feet of flexible space with 50 feet of prominent frontage along busy North Avenue, where 28,000+ vehicles pass daily. Currently operating as a spacious open-concept furniture showroom, the building features 10-foot ceilings, updated HVAC (2021), and a newer roof (2017)—providing a solid, move-in-ready foundation that can easily be divided or customized for a wide variety of uses.
Located just one block east of the bustling “Four Corners” intersection of Harlem Avenue (Rt. 43) and North Avenue (Rt. 64), the site offers exceptional visibility, accessibility, and exposure. The building also includes six rear parking spaces with convenient alley access for customers and staff.
With the new Rush outpatient center and numerous medical offices nearby, this versatile property is well suited for medical, dental, physical therapy, or mental health practices. The expanding residential population also creates strong demand for restaurants, fitness concepts, dispensaries, martial arts studios, theater or acting studios, and indoor sports or recreation facilities.
With strong demographics, constant traffic, and continued neighborhood investment, this property represents a rare opportunity to secure a high-visibility commercial building in a thriving and growing trade area.
Schedule your private showing today to explore the possibilities.
Position your business in one of the most dynamic corridors in the Near West Suburban area, serving the vibrant communities of Oak Park & River Forest and Chicago’s Galewood neighborhood. Nearby developments include a new 50,000 sq. ft. outpatient facility from Rush University Medical Center, 275 new residential units opening Summer 2026, and additional planned retail development at the busy Harlem & North intersection.
The property is surrounded by a strong mix of national retailers and established local businesses including Starbucks, Bank of America, Buona, Dunkin', Walgreens, Benjamin Moore, The UPS Store, as well as well-known local businesses like Onion Roll Deli and Yonan Carpet One. The surrounding corridor also includes cardiology, dental, vision, and other professional medical offices. Within walking distance is the highly desirable Northwest Oak Park / St. Giles residential neighborhood, known for its strong demographics and stable residential base.
This exceptional commercial property offers over 5,000 square feet of flexible space with 50 feet of prominent frontage along busy North Avenue, where 28,000+ vehicles pass daily. Currently operating as a spacious open-concept furniture showroom, the building features 10-foot ceilings, updated HVAC (2021), and a newer roof (2017)—providing a solid, move-in-ready foundation that can easily be divided or customized for a wide variety of uses.
Located just one block east of the bustling “Four Corners” intersection of Harlem Avenue (Rt. 43) and North Avenue (Rt. 64), the site offers exceptional visibility, accessibility, and exposure. The building also includes six rear parking spaces with convenient alley access for customers and staff.
With the new Rush outpatient center and numerous medical offices nearby, this versatile property is well suited for medical, dental, physical therapy, or mental health practices. The expanding residential population also creates strong demand for restaurants, fitness concepts, dispensaries, martial arts studios, theater or acting studios, and indoor sports or recreation facilities.
With strong demographics, constant traffic, and continued neighborhood investment, this property represents a rare opportunity to secure a high-visibility commercial building in a thriving and growing trade area.
Schedule your private showing today to explore the possibilities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
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
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $60,516 | |
| Land Assessment | $50,000 | Total Assessment | $110,516 |
Property Taxes
Parcel Numbers
Land Assessment
$50,000
Improvements Assessment
$60,516
Total Assessment
$110,516
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7045 W North Ave
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