7045 W North Avenue, Oak Park, IL 60302 | MLS #12590261 | Berkshire Hathaway HomeServices Chicago
 
Listing provided courtesy of Gullo & AssociatesMREDas Distributed by MLSGrid- MLS# 12590261MLS Provider

7045 W North AvenueOak Park, IL 60302

Commercial · 5,000 Sq. ft.
$749,000 Active

7045 W North Avenue Overview

Time on Site:
110 days
Visits:
4

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

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7045 W North Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 5,000
  • Price/Sq.ft. $150

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Existing Lease Type: Net
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Net Operating Income: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1957

Business Information

  • Current Use: Commercial,Medical/Dental

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Oak Park
  • Township: Oak Park

Rent/Lease Information

  • Tenant Pays: Other

Tax Information

  • Tax Annual Amount: $37,590.00
  • Tax Year: 2024

General Information

  • Parcel Number: 16061010090000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 5000

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Leasable Area: 5000
  • Stories: 1

Unit Information

  • Unit SqFt.: 5000

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street
  • Lot Size Dimensions: 50X125
  • Lot Size Square Feet: 6250

General Information

  • Number Of Units Total: 1

7045 W North Avenue Neighborhood

Community

60302 (OAK PARK) Demographics

42
Median Age
10,484
Population Density (per sq. mile)
75%
College Educated
$91,914
Estimated Median Income
8,030
Estimated Total Home Owners
5,515
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7045 W North Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7045 W North Avenue Market Data

Based on the last 30 days in this zip code

$551,164
Average List Price
$325
Average Price per Square Foot
43
Properties Sold
51
Average Days on Market
109
Properties for Sale
Calculations provided by Reliance Network

7045 W North Avenue History

Date Event Value Agent
3/16/2026Source: MRED Status Change
Active
3/11/2026Source: MRED Added to Database
March 11, 2026