8847 Ogden AveBrookfield, IL 60513

For Sale
$509,500

Brookfield, IL Mixed-Use Investment Opportunity

Overview

Added:
Feb 3
Days on market:
39
This meticulously maintained 4,482 sq ft brick building in Brookfield, IL, sits on a prominent corner of historic Route 66. Built in 1920, it boasts a blend of commercial and residential space. The ground floor features a 1,250 sq ft hair salon, fully remodeled in 2015 with new flooring, lighting, HVAC, and electrical. Currently leased until April 2025, with the tenant expressing interest in renewal. The upper level includes a two-bedroom residential apartment occupied by the owner, featuring a living room, dining room, kitchen with oak cabinets and laminate countertops, a full bath, and laundry room. Additional living space above the salon includes a living room, kitchenette, and a 3/4 bath. A 630 sq ft unfinished space above the garage offers expansion potential, accessible via an enclosed rear porch. An attached heated six-car garage with 220 electrical service provides further income potential. Recent upgrades include new windows (two years ago), storefront window upgrades (2023), and tuckpointing (two years ago). A large, unfinished basement offers ample storage. This property presents a unique investment opportunity with stable rental income and significant expansion possibilities. The owner's retirement and out-of-state relocation create a compelling opportunity for a new owner.

Property Details for 8847 Ogden Ave

Property type
Other commercial real estate
Square Feet
4,482 SF
Year Built
1920

Location Insight

City
Brookfield
County
Cook
State
Illinois
Latitude
41.81632
Longitude
-87.84294
8847 Ogden Ave, Brookfield, Illinois

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8847 Ogden Ave
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