1S131 Summit Avenue Oakbrook Terrace, IL ^$ 599,000

1S131 Summit Avenue

^$ 599,000

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1S131 Summit Avenue

Oakbrook Terrace, IL, 60181

^$ 599,000

Studio Baths0.0 Sq 1,523

Monthly Estimate*

^$ 4,184

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Studio

Commercial Property for sale in Oakbrook Terrace, IL

for $599,000. This 1,523 square foot building was built in 1955 on a lot size of 0.344353.

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.

Commercial Contingent

Price

^$ 599,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,451

Style

Commercial

Lot Size

0.344353

Year Built

1955

Town/City

Oakbrook Terrace

County/Region

DuPage

MLS | Web ID

11918593

Features

General

Cooling Central Air

Zoning COMMR

Construction Materials Brick

Year Built 1955

Electric Service - 101 to 200 Amps

Tenant Pays Varies by Tenant

Stories 1

Township York

Tax Year 2022

Current Use Commercial

Gross Income 77292

County Du Page

Net Operating Income 57292

Operating Expense 20000

Property Type Commercial Sale Office/Tech

Contingency Attorney/Inspection

Status Contingent

Directions Summit Ave. between Rt. 56 and Rt. 38; Oakbrook Terrace

City Oakbrook Terrace

Total Units 6

MLS Area Oak Brook Terrace

Lot Size Square Feet 15000

Street Name Summit

Tax Annual Amount 4451.5

Additional Parcels Y/N N

Leasable Area 1523

Days on Market 89

Lease Type Modified Gross

Standard Status Active Under Contract

Total Actual Rent 6500

Interior

Flooring Tile Vinyl Wood

Street Suffix Avenue

Exterior

Building Area Total 1523

Lot Dimensions 54 X 278

Exterior Brick

* Excluded Features

List By

Winner's Edge, Inc.

Broker

pberry@winnersedgeinc.com

Affordability Calculator

$4,555

Per Month

Monthly Principal & Interest: $4,184
Monthly Property Taxes: $371
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Oakbrook Terrace, IL

Average List Price ^$1,174,225

Percent of Sale Price 96%

About Oakbrook Terrace, IL

2,380 Population

0% Since 2002

^$65,130 Median Income

44.04 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/27/2023	$599,000		Listed Price

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1S131 Summit Avenue, Oakbrook Terrace, IL, 60181 is a Commercial Property for sale at $599,000 with 1,523 sqft and a lot size of 0.344353. 1S131 Summit Avenue is a studio with 0.0 baths and was built in 1955. The property's zip code is 60181 which is in Oakbrook Terrace, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 5/10/2024.

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1S131 Summit Avenue

Commercial Property for sale in Oakbrook Terrace, IL

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