1000 Madison ST Save Request In-Person Tour Request Virtual Tour
Oak Park,IL 60302
Key Details
Sold Price $715,00012.3%
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,086 sqft
Price per Sqft $140
MLS Listing ID 11659395
Sold Date
Year Built 1921
Annual Tax Amount $18,458
Tax Year 2020
Lot Dimensions 5952
Property Sub-Type Mixed Use
Property Description
Tremendous opportunity to lease 3770+ square feet of commercial office/retail space in the heart of the medical district of Oak Park. Prior use was an immediate care facility. It has 9 exam rooms, two kitchenettes, two bathrooms, offices, a spacious and gracious entrance/waiting area, basement storage and more. Almost ready to go for the right tenant. Residential tenant upstairs pays all utilities except property taxes on a lovely, remodeled 3 bedroom, 2 bath unit. BUILDING IS ALSO FOR SALE. Tenant on the second floor pays $2,025/month plus utilities. Exterior parking in the back. Projected cap rate at stabilization at asking is 12.27!!! ($100K projected NOI / $815000 = 12.27).
Location
State IL
County Cook
Area Oak Park
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site
Roof Type Membrane, Reflective Coating
Building
Level or Stories 2
Structure Type Brick