Oakforest, Illinois

🌿 High-Visibility C-3 Standalone — Dispensary/Lounge Permitted | 37,000+ VPD

📊 Investment Highlights

• 37,000+ vehicles/day along a major Oak Forest corridor — exceptional exposure

• Zoned C-3: wide commercial/mixed-use flexibility — cannabis dispensaries & lounges permitted (no additional city approval, per city planning admin)

• 0.40 AC corner parcel (~17,000+ SF) with dual free-standing signage

• 1,450 SF all-brick building — efficient footprint, easy conversion for retail/office/medical

• 38 on-site parking spaces – rare for this size and submarket

• Active incentives: TIF + Facade Improvement Programs; within Cal-Sag Enterprise Zone

• Recent upgrades: 2023 commercial furnace, new hot water tank, upgraded lighting

• Investment ready: current salon/day spa use with smooth path to re-tenant or owner-occupy

🧾 Executive Summary

Prime opportunity for brokers and investors seeking high-traffic, zoning-advantaged real estate in the Chicago Southland. This standalone C-3 property combines outstanding daily traffic counts with cannabis-permitted uses, making it an attractive site for dispensary, lounge, medical, retail, or office concepts.

The site benefits from robust visibility, ample on-site parking, and city-level incentive programs that can significantly reduce project costs. With recent mechanical and lighting upgrades already completed, the asset is well-positioned for a fast conversion, improved NOI, and long-term value creation.

🏢 Property Overview

• Type: Mixed-Use / Office / Retail

• Subtype: Medical Office / Storefront / Traditional Office; Cannabis-Permitted (C-3)

• Building Size: 1,450 SF (all-brick)

• Lot Size: 0.40 AC (≈ 17,424 SF)

• Parking: 38 on-site spaces

• Zoning: C-3 (General Commercial) – dispensary/lounge permitted

• Units: 1 | Stories: 1 | Buildings: 1

• Year Built: 1972

• Broker Co-Op: Yes

• Current Use: Operating hair salon & day spa

• Offering Price: Contact Broker

• Lease Term / Rental Rate: N/A (sale) or contact for lease structure if applicable

• Cross Streets / Address: TBD (provide for publication)

📍 Location Advantage

Situated on one of Illinois’ busiest suburban corridors, the property enjoys continuous consumer flow and strong daytime population. Inclusion in Oak Forest’s TIF & Facade Programs and the Cal-Sag Enterprise Zone unlocks valuable benefits—sales-tax abatement on building materials, 50% municipal real-estate tax abatement on added value for five years, and 50% discounts on local permits, among others—enhancing project feasibility and returns.

Market Intelligence Property

This opportunity is included as part of GreenZones' ongoing coverage of cannabis commercial real estate activity in this market.

View the complete market overview, licensing data and additional opportunities:
Illinois Market Intelligence → https://www.greenzones.us/illinois

Interested in this property? Use Connect with Listing Broker above and GreenZones will help route your inquiry to the appropriate property contact when available.

Are you the listing broker or property representative?
Manage or market this opportunity with GreenZones. Explore Placement Options → https://www.greenzones.us/add-listing