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$450,000

  • Sold
  • Closed
  • Commercial
  • 5,075 Sq. Ft.
  • Updated 7 days ago
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FP Commercial is pleased to represent 246-248 Chicago, Oak Park, Illinois. Oak Park Commercial Investment Opportunity. A vibrant commercial retail corridor in this desired west suburban community is an existing retail property containing 5,075 square feet of gross leasable area. The improvements were constructed in 1919 and perfect for owner/users and investors. The site area is 0.14 acres or 6,000 square feet. The space has several wonderful skylights, unique kitchen infrastructure and a wonderful cozy outdoor space. Currently combined, this can easily transform into two 2500 SF Storefront Retail/Office or multi-tenant building for acquisition. Located on the north side of Chicago Avenue, the property features several easily available public outdoor parking spaces. Corridor Co-Tenants include 7-Eleven community convenience store, Pediatric Medical Offices and Chop Shop Restaurant which add to the building's high visibility, high vehicle traffic and tremendous foot traffic. 246 Chicago, Oak Park is an Attractive investment with value-add potential.

Full Property Details for 246 Chicago Ave

General

  • Sold For: $450,000
  • Taxes: $35,286 (2022)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12128933
  • Added to Site: 608 day(s) ago

Interior

  • Interior Features: Skylight(s)

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: Oak Park
  • County: Cook
  • Driving Directions: On Chicago Avenue to 246 in Oak Park
  • Location Details: Mixed-Use Area

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Ceiling Height: 20
  • Stories/Levels: 1
  • Square Feet: 5,075
  • Current Bldg. Use: Commercial
  • Year Built: 1919

Unit Information

  • # Tenants: 1

Lot Features

  • Lot Size (Sq. Ft.): 6,000
  • Lot Dimensions: 150 x 40
  • Frontage: City Street
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 1919
  • Tax Amount: $35,286
  • Tax Year: 2022
  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Repairs

Disclosures and Reports

  • Property ID: 16053220240000

Listed and Sold by Finders Plus Real Estate

Listing agent

— 246 Chicago Ave —

  • Finders Plus Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 246 Chicago Ave

School Districts:Oak Park Elementary School District 97, Oak Park and River Forest District 200
NameGradesDistance
Whittier Elementary School, Oak Park, IL
715 North Harvey Avenue, Oak Park, IL 60302
PK-50.3 mi
Gwendolyn Brooks Middle School
325 South Kenilworth Avenue, Oak Park, IL 60302
6-81.2 mi
Oak Park & River Forest High School
201 North Scoville Avenue, Oak Park, IL 60302
9-120.5 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 246 Chicago Ave

Date
Details
Price
Change
Source
3/26/2026
Sold
$450,000
-15.73%
MLS
5/05/2025
Price Reduced
$534,000
-0.09%
MLS
2/28/2025
Price Reduced
$534,500
-0.02%
MLS
10/11/2024
Price Reduced
$534,600
-0.02%
MLS
8/19/2024
Price Reduced
$534,700
-0.02%
MLS
8/03/2024
Listed
$534,800
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Finders Plus Real Estate

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246 Chicago Avenue, Oak Park, IL 60302 (MLS# 12128933) is a Commercial property that was sold at $450,000 on March 26, 2026. Want to learn more about 246 Chicago Avenue? Do you have questions about finding other Commercial real estate for sale in Oak Park? You can browse all Oak Park real estate or contact a Coldwell Banker agent to request more information.