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26 Madison St

4,350 SF 50% Leased Retail Building Oak Park, IL 60302 £414,755 (£95/SF)

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Executive Summary

Available for sale or lease is a 4,350 square foot two-story mixed use building in Oak Park. This property is situated in a highly visible location on Madison Street. The ground floor space is completely renovated with new flooring, lighting, ADA-accessible washroom and new glass. This space is perfect for a wide variety of retail uses or physical therapy, gym or spa, service business and more. The 1 bedroom, 1 bath apartment upstairs is completely renovated from floor beams to ceiling, including all new appliances, new HVAC duct work, skylight, plumbing and a new tankless water heater. Great live/work opportunity. Signage on the facade adds to visibility on busy Madison Street. The property is minutes away from I-290 expressway and is walking distance to public transportation. The location benefits from a high volume of daily vehicular and foot traffic. With its proximity to Chicago, Oak Park has many of the conveniences of both city and suburban life. The village is served by both the Blue and Green “L” lines as well as several Metra Rail stops and the Eisenhower Expressway.
Seller willing to consider owner financing offers.

Property Facts

Sale Type

Investment or Owner User

Sale Condition

Business Value Included

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

4,350 SF

Building Class

Year Built/Renovated

1918/2021

Price

£414,755

Price Per SF

£95

Percent Leased

50%

Tenancy

Multiple

Number of Floors

Building FAR

1.43

Land Acres

0.07 AC

Zoning

Parking

1 Space (0.23 Spaces per 1,000 SF Leased)

Frontage

26 ft on Madison St

Amenities

Signage

Tenant Controlled HVAC

Air Conditioning

About 26 Madison St , Oak Park, IL 60302

Large beautiful ground floor space, 2464 SF of completely renovated space with new flooring, lighting, ceiling, new ADA accessible washroom, new electrical service and new storefront glass. Great signage space on the front of the unit. Highly visible location with 19100 cars passing daily. Minutes from I-290 expressway, walking distance to the CTA Blue Line and Green Line, steps from major bus lines. Ample on street parking. Rear access via double doors for easy deliveries. Join new and longstanding area businesses like US Bank, Laury's Bakery, Dream Town Shoes, The Oak Park River Forest IWS Children's Clinic - a new 14,000 SF medical center for local families. Newly constructed apartments across the street join longstanding homes in this solid neighborhood. Located steps from our municipal services including Oak Park Village Hall, Oak Park Park District headquarters, District 97 headquarters and Oak Park Police Department headquarters. Ideal for a wide variety of office, service or retail use: physical therapy, physical fitness, service and repair businesses, instruction or classroom space, and more.