For Sale
$525,000

26 Madison St Oak Park, IL 60302

Renovated 4,350 SF, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional two-story, 4,350-square-foot mixed-use building in Oak Park, Illinois, presents a compelling investment opportunity. Completely renovated in 2021, and boasting further upgrades in 2022 including a new roof, HVAC system, and ductwork, this property offers 2,175 square feet of ground-floor retail/office space, perfectly suited for a variety of uses such as retail, medical office, or a spa. The upper level features a renovated one-bedroom, one-bathroom apartment, ideal for live/work arrangements. The building benefits from a highly visible location on Madison Street in the MS - Madison Street Zoning District, with a daily traffic count of 16,096 vehicles. Ample street parking is available, and the property enjoys proximity to major roadways (I-290 Expressway), public transportation (Metra rail, train, and bus lines), and numerous amenities including McDonald's, US Bank, Dunkin', Subway, Oak Park Village Hall, and the Oak Park Park District Headquarters. The lot size is 3,125 square feet. The building features new electric wiring (200 amps), a new water heater, updated plumbing, and new lighting. The asking price is $525,000, and the 2021 property taxes were $12,193.19. The seller is open to considering owner financing offers. This property combines prime location, modern updates, and versatile space, making it an attractive investment for discerning buyers.

Highlights

  • $525,000 asking price for a 4,350 sq ft mixed-use building in Oak Park, IL.
  • Completely renovated in 2021, featuring 2,175 sq ft of ground-floor retail/office space and a 1-bedroom, 1-bathroom apartment.
  • New roof, HVAC, and ductwork (2022); new electrical wiring (200 amps), water heater, plumbing, and lighting.
  • Excellent location on Madison Street with ample street parking, high daily traffic counts (16,096 vehicles), and proximity to I-290, Metra, and bus lines.
  • Zoned MS - Madison Street Zoning District; 3,125 sq ft lot; 2021 taxes: $12,193.19.

Property Details for 26 Madison St

Property type
Office properties, Mixed-use properties
Square Feet
4,350 SF
Year Renovated
2021
Stories
2

Location Insight

City
Oak Park
County
Cook
State
Illinois
Latitude
41.8804105
Longitude
-87.7759297

FAQs

What type of property is this?
Office property - Renovated 4,350 SF, High Traffic
Where is the office property located?
The property is located at 26 Madison St Oak Park, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: $525,000 asking price for a 4,350 sq ft mixed-use building in Oak Park, IL.; Completely renovated in 2021, featuring 2,175 sq ft of ground-floor retail/office space and a 1-bedroom, 1-bathroom apartment.; New roof, HVAC, and ductwork (2022); new electrical wiring (200 amps), water heater, plumbing, and lighting.
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26 Madison St
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