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Property profile & analytics
FOR LEASE
Retail space

1053 Lake St Oak Park, IL 60301

0.05 ac lot Built 1912
Trust Owned 17-yr Hold Free & Clear
Property ID
US28-0263617
Property summary
AI-generated overview

This ±1,862 square foot office suite is located on the third floor of a three-story mixed-use building at 1053 Lake Street in Oak Park, Illinois. Built in 1912 and renovated in 2016, the building sits on a 0.04-acre lot in Cook County. The suite features high-end finishes, abundant natural light, a reception/waiting area, four private offices, a kitchen, two internal restrooms, and storage. The single-tenant space is part of a larger 5,586 square foot building. Its prime downtown Oak Park location offers easy access to major transportation arteries, including I-290, I-294, the CTA Green Line, and numerous bus routes, providing seamless connectivity to the broader Chicago metropolitan area. This convenient location benefits both employees and clients, making it ideal for businesses seeking a strategic and accessible location. Oak Park itself is a vibrant community known for its upscale atmosphere, shopping, and dining options, situated just nine miles west of Chicago's central business district. This property presents a compelling opportunity for businesses seeking a well-appointed and conveniently located office space.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1912
Lot 0.05 ac (2,000 SF)
APN 16-07-126-002
UPID US28-0263617
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hecho en Oak Park Restaurant
  • Higher Ground Wellness Group Crisis Center Medical Clinic
  • Cappelli Institute of Music Vocational School Training Center
  • Noah2 Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Trust 091788 · 17 yrs held
Trust 091788
since 2009
2 recorded transactions
2009
$300,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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