1040 Lake StOak Park, IL 60301

  • Retail space
For Sale
$2,250,000 View listing

Property Details for 1040 Lake St

Property type
Retail space
Property subtype
Storefront properties
APN
16-07-120-059
APU
1607120059

Description

This exceptional commercial property at 1040 Lake Street in Oak Park, Illinois, presents a compelling investment opportunity. Boasting 10,033 square feet across two floors in a 1932-built building, this multi-tenant property is ideally situated in downtown Oak Park's vibrant commercial district. The property benefits from significant pedestrian traffic and outstanding street visibility, ensuring a steady flow of potential customers. Its versatile zoning (B2) allows for a wide range of uses, including QSR/Fast Food, storefront retail, and traditional office spaces. The 0.15-acre lot provides ample space, and the property's location offers easy access to public transportation, diverse dining options, and other retail establishments. This prime retail space is perfect for businesses seeking high visibility and a strong customer base in a thriving community. The property's APN is 16-07-120-059-0000. The asking price is $2,250,000. Don't miss this chance to secure a foothold in this dynamic Oak Park location.

1040 Lake St, Oak Park, Illinois

Location Insight

City
Oak Park
County
Cook
State
Illinois
Latitude
41.889
Longitude
-87.8022
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$83,437
$38,743
$169,065
$207,808
-
$154,972
$676,260
$831,232

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