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    1136 Lake St Oak Park, IL 60301

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    For Lease
    Contact for pricing

    Rare retail vacancy in downtown Oak Park with strong pedestrian traffic.

    Property size:
    5,300 SF
    Lot size:
    0.44 Acres

    Property Features for 1136 Lake St

    General Information

    Size
    5,300 SF
    Lot size
    0.44 Acres

    Source: Mid-America Real Estate Group | Chicago Agent Westin Kane

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Oak Park Retail Space

    This retail space is located on Lake Street in Downtown Oak Park. The property offers 5,300 square feet of space. It is situated adjacent to Oak Park’s public parking garage, benefiting from strong pedestrian traffic in one of Chicagoland’s premier suburban downtowns. The space is exempt from Lake Street’s strict zoning regulations and does not require a sales tax generating tenant.
    Location Intelligence

    Current Use by Public Records

    SPENGA Oak Park Gym

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.804298
    Latitude
    41.8887385

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    FAQs

    What type of property is this?
    Retail space - Rare retail vacancy in downtown Oak Park with strong pedestrian traffic.
    Where is this retail space located?
    The property is located at 1136 Lake St Oak Park, IL.
    What are key features of this property?
    This property features: - Rare vacancy on Lake Street in Downtown Oak Park.; - Exempt from Lake Street's strict zoning regulations (no sales tax generating tenant required).; - Adjacent to Oak Park’s public parking garage.
    (630) 954-7327
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    1136 Lake St Oak Park, IL 60301
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    Oak Park, IL 60301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1136 Lake St Oak Park, IL 60301
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