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1S131 Summit Avenue, Oakbrook Terrace, IL 60181
$599,000 Contingent
1S131 Summit Avenue, Oakbrook Terrace, IL 60181View this property at 1S131 Summit Avenue, Oakbrook Terrace, IL 60181
1S131 Summit AvenueOakbrook TerraceIL60181
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Property Description
Freestanding luxury salon suites in Oakbrook Terrace for Sale or Lease. Highly sought out desirable location by Roosevelt & Butterfield Rd. minutes from IL-83, and 88. Complete renovation down to the studs - new plumbing, new fixtures, new electrical, new roofing, new parking lot... reno cost +/- $400,000 Grandeur finishes - and up to code. A one of a kind opportunity for an investor or owner-operator to acquire a luxurious turnkey property. The space is currently divided into 6 suites with a common area space with a couch and built in wet bar and 2 bathrooms for waiting clients. All suites are currently leased to beauty professionals, including the owner's expansive double suite. Ownership projects an 9.56% CAP rate. Property is also suitable for owner-occupants looking for an upscale office space. Prior to its renovation, the property was a successful dental office.
Full Property Details
Full Property Details for 1S131 Summit Ave
General
- Price: $599,000
- Taxes: $4,451 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 11918593
- Updated: 1/23/2024
- Added to Site: 188 day(s) ago
Interior
- Interior Features: Accessible Entrance, Accessible Washroom/s, Multi-Tenant, Storage Inside, High-Speed Communication Circuits, Furnished Units Available, Laundry Room
- Flooring: Tile, Vinyl, Wood
Additional Information
- Security/Safety: Alarm Monitored
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: Oak Brook Terrace
- County: Du Page
- Township: York
- Driving Directions: Summit Ave. between Rt. 56 and Rt. 38; Oakbrook Terrace
- Location Details: Northwest Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Sub-Flooring: Tile, Vinyl, Wood
- Stories/Levels: 1
- Square Feet: 1,523
- Current Bldg. Use: Commercial
- Year Built: 1955
- Built Before 1978: Yes
Unit Information
- # Tenants: 6
Lot Features
- Lot Size (Sq. Ft.): 15,000
- Lot Dimensions: 54 x 278
- Zoning: COMMR
Financial Considerations
- Lease Price: $51
- For Sale/Rent/Lease: For Sale or Rent
- Operating Expenses: $20,000
- Security Deposit: Alarm Monitored
- Assessment Year: 1955
- Tax Amount: $4,451.5
- Tax Year: 2022
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 622104015
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Schools
Schools serving 1S131 Summit Ave
School Districts:Salt Creek School District 48, Dupage High School District 88
Rating | Name | Grades | Distance |
---|---|---|---|
17w160 16th St, Oakbrook Ter, IL 60181 | 2-4 | 0.6 mi | |
1110 S Villa Ave, Villa Park, IL 60181 | 5-8 | 0.8 mi | |
Salt Creek Primary School
980 S Riverside Dr, Elmhurst, IL 60126 | PK-1 | 0.9 mi | |
1250 S Ardmore Ave, Villa Park, IL 60181 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1S131 Summit Ave
Date
Details
Price
Change
Source
10/27/2023
Listed
$599,000
87.19%
MLS
8/12/2019
Sold
$320,000
—
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 1S131 Summit Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$4,463
—
$86,140
3%
2021
$4,452
20%
$84,000
20%
2020
$3,702
4%
$69,770
5%
2019
$3,565
2%
$66,330
6%
2018
$3,507
-3%
$62,790
—
2017
$3,619
6%
$62,790
6%
2016
$3,420
2%
$59,150
7%
2015
$3,354
-38%
$55,100
-36%
2014
$5,373
5%
$85,690
-1%
2013
$5,128
10%
$86,900
—
2012
$4,651
—
$86,950
—
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 1S131 Summit Ave
1S131 Summit Avenue, Oakbrook Terrace, IL 60181 (MLS# 11918593) is a Commercial property. 1S131 Summit Avenue is currently listed for $599,000 and was received on October 27, 2023. Want to learn more about 1S131 Summit Avenue? Do you have questions about finding other Commercial real estate for sale in Oakbrook Terrace? You can browse all Oakbrook Terrace real estate or contact a Coldwell Banker agent to request more information.