1040 Lake St Oak Park, IL 60301
For Lease
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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.
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The Barre Code Gym & Fitness Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.