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Property Description
Location, location, location!!! Incredible Commercial Opportunity on One of Hampshire's Busiest Corridors! This freestanding commercial building offers the best of location, flexibility, and future potential. Situated on a prime corner lot just before the traffic light on Route 72, this property benefits from exceptional exposure, thousands of vehicles passing daily, and a position next to one of Hampshire's best-known landmarks-Chick-N-Dip. The site includes a 1,450 square foot building on a lot with ample parking, strong visibility, and excellent access. Zoned B-2, this is the ideal space for a variety of business uses-from professional office space to client-facing service providers, health and wellness concepts, or even a local retail or food destination. Potential uses include: * Medical and dental practices * Chiropractors, physical therapists, and wellness studios * Legal offices, insurance agents, and financial planners * Counseling centers, coaching studios, and therapy offices * Hair salons, spas, or grooming boutiques * Yoga or fitness studios * Coffee shops, smoothie bars, or dessert cafes * Pet care, grooming, or boutique supply * Boutique retail or service-oriented businesses The property is equally well-suited for investors looking for a solid income-producing asset or for owner-occupants wanting to take control of their business space. Its corner-lot configuration, visibility, and flexible zoning also make it a prime redevelopment opportunity-imagine a mixed-use building with retail or office space on the first floor and modern apartments above, taking full advantage of both walkability and the growing residential base in Hampshire. The local commercial corridor continues to see new life, with nearby shops, services, and restaurants bringing both foot traffic and activity. As the village grows, properties with high visibility and strong zoning like this one are becoming harder to find. Key Highlights: * 1,450 SF free-standing building * Zoned B-2 - commercial versatility * Corner lot with ample parking * Exceptional exposure from Route 72 * Directly next to Chick-N-Dip * Thousands of cars pass daily * Strong signage and visibility * Excellent for owner-user or investor * Perfect for redevelopment or expansion Whether you're ready to launch your next venture, expand your professional services, or invest in one of Hampshire's best-located properties-this is the location that brings visibility, functionality, and potential together in one package.
Full Property Details
Full Property Details for 118 E Oak Knoll Dr
General
- Taxes: $6,291 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12329208
Additional Information
- Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors
Location
- Area: Hampshire / Pingree Grove
- County: Kane
- Driving Directions: Oak Knoll Dr. is Route 72. Property is on the north side of the St. Next to Chick N Dip restaurant.
- Location Details: Northwest Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Construction: Wood
- Exterior Const.: Wood
- Stories/Levels: 1
- Square Feet: 1,450
- Current Bldg. Use: Medical/Dental
Lot Features
- Lot Size (Sq. Ft.): 21,344
- Lot Dimensions: 157 x 116 x 157 x 115
Financial Considerations
- Lease Price: $21
- For Sale/Rent/Lease: For Sale or Rent
- Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors
- Tax Amount: $6,291
- Tax Year: 2023
- Tenant Pays: Common Area Maintenance, Electricity, Heat, Sewer
Disclosures and Reports
- Property ID: 127151009
Listed and Sold by RE/MAX Deal Makers
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Schools
Schools serving 118 E Oak Knoll Dr
School District:Community Unit School District 300
| Name | Grades | Distance |
|---|---|---|
Hampshire Elementary School 321 Terwilliger Street, Hampshire, IL 60140 | K-5 | 0.6 mi |
Hampshire Middle School 560 South State Street, Hampshire, IL 60140 | 6-8 | 0.3 mi |
Hampshire High School 1600 Big Timber Road, Hampshire, IL 60140 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
118 E Oak Knoll Drive, Hampshire, IL 60140 (MLS# 12329208) is a Commercial property that was sold on April 03, 2025. Want to learn more about 118 E Oak Knoll Drive? Do you have questions about finding other Commercial real estate for sale in Hampshire? You can browse all Hampshire real estate or contact a Coldwell Banker agent to request more information.

