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1053 Lake StOak Park, IL 60301

Downtown Oak Park, 5,586 SF, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional three-story, 5,586-square-foot mixed-use building presents a compelling investment opportunity in the heart of Oak Park, Illinois. Built in 1913 and extensively renovated in 2016, the property boasts a prime location, offering high visibility and convenient access to major transportation arteries, including I-290, I-294, the CTA Green Line, and numerous bus routes. Currently 100% occupied by three diverse tenants, the building features a ground-floor restaurant with an outdoor patio, a fully equipped kitchen, and two restrooms. The second floor houses a music institute with six offices, lobby areas, and two restrooms, while the third floor accommodates a wellness group with a lobby, reception area, four offices, a kitchenette, and two restrooms. An elevator services all three floors. The building benefits from abundant natural light thanks to numerous windows. Situated on a 0.04-acre lot, this property is ideally positioned within a vibrant, upscale community, just nine miles west of Chicago's central business district. Oak Park's thriving retail and dining scene attracts both residents and tourists, ensuring a strong customer base for the existing tenants and future opportunities. The Cook County property (APN: 16-07-126-002-0000) offers a rare blend of established tenancy and significant upside potential in a highly desirable location.

Highlights

  • 5,586 SF three-story mixed-use building in Oak Park, IL.
  • 100% occupied with three full-floor tenants.
  • Prime downtown Oak Park location with high visibility.
  • Blocks from CTA Green Line; convenient access to I-290 & I-294.

Property Details for 1053 Lake St

Property type
Retail properties, Restaurants
Square Feet
5,586 SF
Year Built/Renovated
1913/2016
Buildings
1
Stories
3
Lot Size (sq. ft)
1,742 SF

Location Insight

City
Oak Park
County
Cook
State
Illinois
Latitude
41.888627519568
Longitude
-87.802118704697
1053 Lake St, Oak Park, Illinois

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1053 Lake St
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