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7045 W North Avenue Oak Park, IL 60302 Commercial - Retail New

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Description

Prime Medical or Retail Opportunity! 5,000+ SF High-Visibility North & Harlem Corridor | 28K+ Vehicles Daily | Oak Park/River Forest/Galewood/Elmwood Park Area. Position your business in one of the most dynamic corridors in the Near West Suburban area, serving the vibrant communities of Oak Park & River Forest and Chicago's Galewood neighborhood. Nearby developments include a new 50,000sf outpatient facility from Rush University Medical Center, 275 new residential units opening Summer 2026, and additional planned retail development at the busy Harlem & North intersection. The property is surrounded by a strong mix of national retailers and established local businesses including Starbucks, Bank of America, Buona, Dunkin', Walgreens, Benjamin Moore, The UPS Store, as well as well-known local businesses like Onion Roll Deli and Yonan Carpet One. The surrounding corridor also includes cardiology, dental, vision, and other professional medical offices. Within walking distance is the highly desirable Northwest Oak Park / St. Giles residential neighborhood, known for its strong demographics and stable residential base. This exceptional commercial property offers over 5,000 square feet of flexible space with 50 feet of prominent frontage along busy North Avenue, where 28,000+ vehicles pass daily. Currently operating as a spacious open-concept furniture showroom, the building features 10-foot ceilings, updated HVAC (2021), and a newer roof (2017)-providing a solid, move-in-ready foundation that can easily be divided or customized for a wide variety of uses. Located just one block east of the bustling Four Corners intersection of Harlem Avenue (Rt. 43) and North Avenue (Rt. 64), the site offers exceptional visibility, accessibility, and exposure. The building also includes six rear parking spaces with convenient alley access for customers and staff. With the new Rush outpatient center and numerous medical offices nearby, this versatile property is well suited for medical, dental, physical therapy, or mental health practices. The expanding residential population also creates strong demand for restaurants, fitness concepts, dispensaries, martial arts studios, theater or acting studios, and indoor sports or recreation facilities. With strong demographics, constant traffic, and continued neighborhood investment, this property represents a rare opportunity to secure a high-visibility commercial building in a thriving and growing trade area. Schedule your private showing today to explore the possibilities

Property Highlights

Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1957

General Information

County: Cook
Listed By:
Gullo & Associates 708-386-9090
MRED MLS
$749,000
Est. $4,757/mo
New to the Market New
SQUARE FEET5,000 MLS#12590261
STATUSNew PROPERTY TYPECommercial - Retail

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7045 W North Avenue, Oak Park, IL 60302.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $749,000$749,000$749,000
Down Payment $149,800$26,215$187,250
Monthly Mortgage Amount $3,497$4,292$4,553
Taxes $1042$1042$1042
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$329$0
Monthly Estimated Total $4,757$5,881$5,813

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