7045 W North Ave 5,000 SF Retail Building Oak Park, IL 60302 $725,000 ($145/SF)

Position your business in one of the most established and highly visible commercial corridors in the western suburbs. Located at 7045 W. North Avenue, Oak Park, Illinois, this approximately 5,000-square-foot commercial building offers exceptional frontage, outstanding visibility, and flexible space suitable for a wide variety of retail, medical, showroom, office, and service-oriented users.
Offered at $725,000, this property presents a rare opportunity to acquire commercial real estate in one of the Chicago area's most desirable and supply-constrained submarkets at an attractive price of approximately $145 per square foot.
The property features approximately 50 feet of frontage on heavily traveled North Avenue with exposure to more than 28,000 vehicles per day, providing excellent signage and brand visibility. The open-concept interior allows for efficient space planning and can easily accommodate medical offices, dental practices, physical therapy, professional services, specialty retail, furniture or design showrooms, boutique fitness concepts, educational facilities, and other commercial uses.
Recent capital improvements include a new roof (2017) and HVAC system (2021), allowing a purchaser to occupy or reposition the property with minimal immediate capital expenditures. The building also benefits from rear private parking, alley access, and excellent accessibility for customers and employees.
Strategically located just east of the busy Harlem Avenue and North Avenue intersection, the property serves the affluent communities of Oak Park, River Forest, Galewood, and Elmwood Park while offering convenient access to Interstate 290, Interstate 90/94, CTA bus routes, and nearby Metra stations.
The surrounding trade area continues to experience significant public and private investment, including a new Rush University Medical Center outpatient facility, new multifamily residential development, and continued retail growth. These projects are expected to increase daytime population, consumer spending, and demand for healthcare, retail, restaurant, and professional office users.
Nearby national retailers and service providers include Starbucks, Walgreens, Bank of America, Chase, PNC Bank, Fresh Thyme, Orangetheory Fitness, The UPS Store, and numerous established local businesses, creating a strong commercial environment with consistent customer traffic.
With strong demographics, exceptional visibility, flexible commercial zoning, and continued investment throughout the surrounding area, 7045 W. North Avenue represents an outstanding opportunity for owner-users seeking to control occupancy costs or investors pursuing long-term appreciation in one of metropolitan Chicago's most stable commercial markets.