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$320,000 Just Listed
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Property Description
Prime Route 72 Commercial Building - Modern, Flexible, and Positioned for Growth. This turnkey remodeled commercial building is perfectly positioned on a spacious 0.48-acre lot with prime Illinois Route 72 frontage and an established curb cut. This rare small-footprint property combines modern design, high visibility, and zoning versatility, offering endless potential for business owners, investors, and developers alike. Featuring approximately 12,000 vehicles per day of traffic exposure, this property commands attention along one of Hampshire's most active commercial corridors. The site's B-2 General Business District zoning allows a wide range of permitted uses including retail, professional office, medical or dental practice, salon or spa, boutique fitness, financial services, or quick-service restaurant (QSR) concepts such as coffee, smoothie, or sandwich shops. Recently renovated with modern finishes, updated flooring, stylish lighting, and abundant natural light, the interior delivers an open and flexible layout that can easily be configured to meet a variety of commercial needs. Whether you envision a boutique office, customer-facing retail storefront, or turnkey wellness space, the building's clean, contemporary aesthetic supports a professional and inviting atmosphere. Outside, the nearly half-acre site offers ample parking, convenient ingress and egress, and the flexibility to expand or redevelop-ideal for investors seeking to add a drive-thru pad or small multi-tenant strip. Located within the rapidly expanding Hampshire-Pingree Grove growth corridor, this property is surrounded by new residential subdivisions, expanding retail, and strong local demographics. Within a 5-mile radius, consumers spend more than $270 million annually across retail and service categories, supported by a median household income exceeding $90,000. As the region continues to attract families and professionals seeking affordable housing near the I-90 tollway, businesses along Route 72 benefit from steady traffic growth and population inflow. The area's combination of small-town charm and proximity to major employment centers positions Hampshire as one of Kane County's most promising commercial markets. Flexible B-2 zoning supports office, medical, retail, or QSR uses. The modern, renovated interior is move-in ready and well-suited for immediate occupancy. The property provides ample on-site parking with room for future expansion or outdoor use and offers excellent access to I-90 and the growing regional trade base. Redevelopment potential includes a drive-thru pad, multi-tenant strip, or owner-user headquarters. The building features 1,289 square feet on the main level, plus a full 1,289-square-foot unfinished basement and an attached two-car garage, offering nearly 3,000 square feet of total functional area-ideal for storage, service, or future expansion. Offered at $325,000 (1420/SF above grade, roughly 2644/SF of total usable space), 124 E Oak Knoll Drive is not just a building-it's a high-visibility commercial opportunity in one of Kane County's fastest-growing communities. With its remodeled condition, strong demographics, and redevelopment potential, this property checks every box for visibility, flexibility, and long-term value. Position your business or investment here and take advantage of Hampshire's growth-where small-town character meets major-market opportunity.
Full Property Details
Full Property Details for 124 E Oak Knoll Dr
General
- Price: $320,000
- Taxes: $6,719 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12606670
- Updated: 3/31/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Storage Inside
- Flooring: Vinyl, Wood
Location
- Area: Hampshire / Pingree Grove
- County: Kane
- Township: Hampshire
- Driving Directions: Oak Knoll Dr. is Route 72. Property is on the North Side of the Street. Two doors from the Chick N Dip Resturant.
- Location Details: Far West, Mixed-Use Area, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Hot Water
Utilities
- Water: Community Water
- Onsite: Electricity to Site, Natural Gas Available, Water Available
Structural Information
- Construction: Aluminum Siding
- Exterior Const.: Aluminum Siding
- Foundation: Concrete Perimeter
- Sub-Flooring: Vinyl, Wood
- Stories/Levels: 1
- Square Feet: 1,184
- Current Bldg. Use: Commercial, Medical/Dental
- Year Built: 1960
- Built Before 1978: Yes
- Property Condition: New Construction
Unit Information
- # Tenants: 1
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Acres): 0.48
- Lot Size (Sq. Ft.): 21,351
- Lot Dimensions: 133 x 161
- Potential Use: Commercial, Office, Retail, Special Use, Other
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $8,500
- Assessment Year: 1960
- Tax Amount: $6,719
- Tax Year: 2024
Disclosures and Reports
- Property ID: 127151031
Listed by Keller Williams Inspire - Geneva
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Schools
Schools serving 124 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.
Price & Sales History for 124 E Oak Knoll Dr
Date
Details
Price
Change
Source
3/31/2026
Listed
$320,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 124 E Oak Knoll Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,719
4%
$91,800
11%
2023
$6,457
5%
$82,577
9%
2022
$6,176
6%
$75,891
6%
2021
$5,800
—
$71,589
3%
2021
$5,800
3%
$69,632
3%
2019
$5,648
5%
$67,355
10%
2017
$5,394
-3%
$61,120
-4%
2018
$5,541
4%
$63,638
11%
2016
$5,323
—
$57,455
8%
2015
$5,325
—
$53,402
3%
2014
$5,313
6%
$51,641
-2%
2012
$4,996
—
$52,693
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 124 E Oak Knoll Dr
124 E Oak Knoll Drive, Hampshire, IL 60140 (MLS# 12606670) is a Commercial property. 124 E Oak Knoll Drive is currently listed for $320,000 and was received on March 31, 2026. Want to learn more about 124 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.

