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845 Madison St

10,432 SF Retail Building Oak Park, IL 60302 £977,280 (£94/SF)

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Investment Highlights

Corner Lot in Oak Park's redeveloping Madison Street Improvement District
Flexibility with income: Day Care Tenant remains in place or terminate M-T-M lease and repurpose space
Attractive MS - Madison Street zoning

High-visibility with 73' frontage and 17,900 cars/day
Barrel Truss roof offers open floor plans and flexible division of spaces.

Executive Summary

PRICE REDUCED
845-47 Madison is a 2-unit 10,368sf Flex Retail/Industrial Barrel
Truss building on a corner lot. Currently tenanted by a Day Care
(2,700sf) and an Auto Repair shop. Day Care currently MTM lease
at $2,800/month Gross. Auto Repair space, located in the rear of
the building, includes a Reception/Office Area, Lunchroom, Parts
Storage and a Shop Area with 12-foot clearance, 3 floor drains, a
triple-catch basin and 2 bathrooms. Two Drive-in Doors on the east
facing Carpenter Street, one facing the alley.

845 Madison Street, Oak Park - Brochure

Property Facts

Sale Type

Owner User

Property Type

Retail

Property Subtype

Auto Repair

Building Size

10,432 SF

Building Class

Year Built/Renovated

1927/2014

Price

£977,280

Price Per SF

£94

Tenancy

Multiple

Number of Floors

Building FAR

1.00

Lot Size

0.24 AC

Zoning

MS - Madison Street

Frontage

63 ft on W Madison St

Amenities

Bus Route

Corner Lot

Mezzanine

About 845 Madison St , Oak Park, IL 60302

Current tenants offer new owner flexibility: Day Care is month-to-month with an interest in signing a longer-term lease, and possibly needing more space, Owner of Auto Sales/Repair in rear is looking to retire, and may stay on for up to a year. New owner can occupy the entire 10,300sf building, or put the front tenant on a long-term lease. • Barrel Truss offers open floor plans and flexible division of spaces. • Roof replaced (2009), Trusses repaired and Insulation upgraded (both in 2014) at a cost of $187,000 • Hi-visibility corner location with 17,400 VPD and 73' frontage • Zoning: MS (Madison Street)

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