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.

Offered Exclusively by Licensed Agent/Broker

Listing #3045