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$749,000
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Property Description
Prime commercial opportunity nestled in a high traffic locale in established Oak Park and growing Galewood (Chicago) neighborhood. This property, currently a large open layout furniture showroom with 50 foot frontage, 10' ceilings and over 5000sf that is easily divisible, presents a lucrative prospect for savvy investors and entrepreneurs alike. Strategically situated one block east of the "Four Corners" of Harlem (Rt 43) and North (Rt 64) Avenues, along high-traffic (28,000 cars per day) North Avenue, this versatile space offers immense potential for adaptation or even new development. The very well kept existing structure (new AC 2021, new roof 2017) has 6 parking spaces in back through a rear alley and the A++ location provides a solid foundation for future uses. The adjacent neighborhood to the south includes architecturally significant homes in northwest Oak Park and to the north in Galewood there are 275 NEW residential units, a NEW 50,000 sf Rush Hospital outpatient facility AND future NEW development on the northeast corner parcel of Harlem and North. Nationally, high profile retail adjacent businesses include Starbucks, Bank of America, JC Lichts Paint, Buona Beef, Dunkin, Walgreens Drug, UPS Store and many established, locally owned restaurants and businesses. This is a truly vibrant surrounding area with a steady stream of foot and auto traffic. Whether you envision medical, dental, retail, physical therapy, mental health, restaurant, gym, dispensary, martial arts, theater/acting studio or indoor recreation/sports/coaching facility, this is an exceptional chance to transform this property into a lucrative investment opportunity. Schedule your viewing today of this prime commercial building and please do not disturb business. 2PINs 16061010090000 & 16061010100000.
Full Property Details
Full Property Details for 7045 W North Ave
General
- Price: $749,000
- Taxes: $36,028 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12526025
- Updated: 1/8/2026
- Added to Site: 46 day(s) ago
Interior
- Interior Features: Passenger Elevator(s), Basement
Additional Information
- Security/Safety: Alarm Monitored
Location
- Area: Oak Park
- County: Cook
- Township: Oak Park
- Driving Directions: North Ave East of Harlem
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Stories/Levels: 1
- Square Feet: 5,000
- Current Bldg. Use: Commercial, Medical/Dental
- Year Built: 1957
Lot Features
- Lot Size (Sq. Ft.): 6,250
- Lot Dimensions: 50 x 125
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm Monitored
- Assessment Year: 1957
- Tax Amount: $36,028
- Tax Year: 2023
Disclosures and Reports
- Property ID: 16061010090000
Listed by Gullo & Associates
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Schools
Schools serving 7045 W North Ave
School Districts:Oak Park and River Forest District 200, Oak Park Elementary School District 97
| Name | Grades | Distance |
|---|---|---|
Horace Mann Elementary School, Oak Park, IL 921 North Kenilworth Avenue, Oak Park, IL 60302 | K-5 | 0.5 mi |
Percy Julian Middle School 416 South Ridgeland Avenue, Oak Park, IL 60302 | 6-8 | 2.1 mi |
Oak Park & River Forest High School 201 North Scoville Avenue, Oak Park, IL 60302 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7045 W North Ave
Date
Details
Price
Change
Source
12/01/2025
Listed
$749,000
148.01%
MLS
6/14/2002
Sold
$302,000
—
Public Record
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 7045 W North Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$18,014
-6%
$55,258
11%
2022
$19,073
3%
$49,670
—
2021
$18,586
3%
$49,670
—
2020
$18,132
1%
$49,670
6%
2019
$17,898
4%
$46,650
—
2018
$17,227
2%
$46,650
—
2017
$16,849
-1%
$46,650
10%
2016
$17,023
12%
$42,296
—
2015
$15,253
8%
$42,296
—
2014
$14,173
—
$42,296
-3%
2013
$14,169
—
$43,539
—
2012
$14,165
—
$43,539
—
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 7045 W North Ave
7045 W North Avenue, Oak Park, IL 60302 (MLS# 12526025) is a Commercial property. 7045 W North Avenue is currently listed for $749,000 and was received on December 01, 2025. Want to learn more about 7045 W North 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.

