An Opportunity like this rarely knocks to own a great office building on a corner lot on Central and Victoria. Current owner uses as medical offices and has owned bldg for 40years. A large skylit reception area greets you as you enter the bldg. There are 2 large separate spaces on the main floor with a reception area that can access both sides, you could explore renting out the other half. The lower level has been demo'd (electrical has been kept in place) and is a wide open canvas for your own ideas and also for you to see what the main level would look like if you chose to remove the medical offices for other creative uses. There are 32 parking spaces, 2 of which are disabled. There is a disabled ramp down to the lower level. Front and rear entraces are double doored for security and there are two side fireescape entrances. Men's and women's restroom. Perfect for a new business professional or possible residential development. Located across from Oak Forest High School. Do not miss this opportunity!
SVN proudly presents this excellent investment opportunity in business-friendly Oak Forest! This solid brick building has been cared for the past 20 years by ownership, the plaza is self managed, and they rarely raised rents. This property sits nicely on busy Cicero Ave, and has a large sign with great visibility on the main road. There are 21 parking spots, plus 1 disabled spot, and an unpaved lot in the rear to add more parking to the building. The lot is resealed every other year, and the roof has been cared for as needed, approximately 10 years old. TAKE ADVANTAGE of the far below market rents, raise them at your discretion, and reap the rewards! Many of these tenants have been at the center for years, and the landlords rarely (if ever) raised the rents. The center has a good mix of amenity and destination tenants loved by the community. Tenants are responsible for their own gas and electric bills (separately metered). Motivated sellers are ready to retire. This will be an awesome addition to any investors portfolio, do not pass up!
A property in Oak Forest suitable for both residential and commercial use, enabling you to run your business from home. The house is located in the back and has a large 15 x 30 bedroom upstairs. Spacious 15 x 30 living/dining room combo, a 12 x 15 kitchen, there is also a 10 x 15 office/bedroom on the main floor and a main floor bathroom. You will enjoy a large, private fenced-in yard. Sold As Is. This is not currently rented out.
The median home value in Oak Forest, IL is $296,000. This is higher than the county median home value of $214,400. The national median home value is $219,700. The average price of homes sold in Oak Forest, IL is $296,000. Approximately 76.27% of Oak Forest homes are owned, compared to 21.16% rented, while 2.57% are vacant. Oak Forest real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Oak Forest real estate agent to arrange a tour today!
Oak Forest, Illinois has a population of 28,027. Oak Forest is more family-centric than the surrounding county with 31.32% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Oak Forest, Illinois is $73,765. The median household income for the surrounding county is $59,426 compared to the national median of $57,652. The median age of people living in Oak Forest is 42.2 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 17.6 degrees. The average rainfall is approximately 38.2 inches per year, with 34.8 inches of snow per year.