845 Madison St., Oak Park, IL, 60302

845 Madison St. Oak Park, IL 60302

845 Madison St., Oak Park, IL, 60302
845 Madison St., Oak Park, IL, 60302
Property Type:
Free Standing Building
Last Verified:
Jul 18, 2022


  • 10,368sf Building with two tenants. Day Care if front is month-to-month with an interest in signing a longer-term lease, Owner of Auto Sales/Repair in rear will stay on for a year, then looking to retire.
  • Barrel Truss offers open floor plans and flexible division of spaces. New owner can occupy the entire 10,300sf building, or the rear space (up to 7,300sf) and put the front tenant on a long-term lease
  • Roof has a new TPO membrane with a 15-year Guarantee through 202x. New Insulation
  • Corner location, 17,400 cars/day and 73' frontage offers high visibility
  • Zoning: MS (Madison Street)
  • Taxes: $35,799 (2020)
  • Asking Price: $1,249,000


Property is a 10,368sf flex retail/industrial building with a Barrel Truss roof, currently occupied by two tenants. Day Care in front of building (2,700sf), currently on a Month-to-Month Gross lease at $2,800/month. Town and Country Import Auto Sales and Repair in the rear (7,300sf).). Rear unit includes a Reception/Office Area, Lunchroom, Parts Storage and a Shop Area with 12-foot clearance to bottom of truss, three floor drains, a triple catch basin and bathroom. Three Drive-in Doors (2 on the east side of the building Carpenter Street, one of the west side). See Floor Plan included here.

Southwest Corner of Madison and Carpenter

Year Built: 1936
Building Size: 10368sq ft
Lot Size: 0.24 acres

Map of 845 Madison St., Oak Park, IL, 60302

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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