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    Property profile & analytics

    1049 Lk St Oak Park, IL 60301-6708

    • Retail space
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Location Intelligence
    Property ID
    US28-1843750
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Oak Park-River Forest Community Foundation / Social Services Organization
    • Body Gears Physical Therapy - Oak Park / Physical Therapy Clinic / Orthopedic Clinic
    • Seven Generations Ahead / Non-Profit Organization
    • Three Pillars Initiative / Non-Profit Organization
    • Christopher Schmalz / Physical Therapist

    Property Details for 1049 Lk St

    Year built
    1923
    Lot size
    0.16 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    16-07-126-003
    APU
    1607126003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $365,000
      6.5%
      $350,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $375,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $445,000
      Mixed-Use
      $350,000
      Hospitality
      $365,000
      Educational
      $435,000
      Residential Income
      $335,000
      Energy
      $335,000
      Income-Based Land
      $340,000
      Food Service
      $340,000

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8019
    Latitude
    41.8885
    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
    $108,496
    $42,500
    $227,720
    $270,220
    -
    $170,000
    $910,880
    $1,080,880

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      121 Marion St

      STORE, RETAIL OUTLET • 0.07 Acres
      121 Marion St, Oak Park, IL 60301-1166
      View Details
    • Value Estimation by Request
      0.05 Acres

      1053 Lk St

      STORE, RETAIL OUTLET • 0.05 Acres
      1053 Lk St, Oak Park, IL 60301-1144
      View Details
    • Value Estimation by Request

      1040 Lk St, Unit 44

      STORE, RETAIL OUTLET
      1040 Lk St, Oak Park, IL 60301-1102
      View Details
    • Value Estimation
      $530,000
      0.15 Acres

      125 Marion St

      STORE, RETAIL OUTLET • 0.15 Acres
      125 Marion St, Oak Park, IL 60301-1087
      View Details
    • Value Estimation by Request

      1118 Westgate St

      STORE, RETAIL OUTLET
      1118 Westgate St, Oak Park, IL 60301-1008
      View Details
    • Value Estimation by Request
      0.05 Acres

      1035 Lk St, Unit 49

      STORE, RETAIL OUTLET • 0.05 Acres
      1035 Lk St, Oak Park, IL 60301
      View Details

    Similar Nearby for Sale

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      Oak Park Retail and Office

      9,737 SF retail and office building in downtown Oak Park.
      113-115 N Marion St, Oak Park, IL 60301
      View Details
    • $119,900
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      Adaptable Office Space in Oak Park

      Versatile 941 sq ft office space in Oak Park.
      105 N Oak Park Ave, Oak Park, IL 60301
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    • $825,000
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      Oak Park Leased Investment Opportunity

      Fully leased multi-tenant building in downtown Oak Park.
      720 Lake St, Oak Park, IL 60301
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    Similar Nearby for Lease

    • Contact for pricing
      5,300 SF

      Downtown Oak Park Retail Space

      Rare retail vacancy in downtown Oak Park with strong pedestrian traffic.
      1136 Lake St, Oak Park, IL 60301
      View Details
    • $18 SF/Yr
      9,739 SF

      Downtown Oak Park Commercial Space

      Prime Retail & Office, Oak Park
      113 Marion St, Oak Park, IL 60301
      View Details
    • Contact for pricing
      2,618 SF

      New Retail Space in Oak Park

      High-visibility retail space near transportation and parking.
      1034 Lake St, Oak Park, IL 60301
      View Details
    • Contact for pricing
      2,131 SF

      Retail Space in Oak Park

      Transit-oriented retail space in a mixed-use development.
      1135 Westgate St, Oak Park, IL 60301
      View Details
    • Contact for pricing
      1,261 SF

      Retail Space Near Transportation Hubs

      Retail space near CTA and Metra stations with high ridership.
      401-417 N Harlem Ave, Oak Park, IL 60301
      View Details
    • $36 SF/Yr
      6,596 SF

      Downtown Creative Office Space

      Historic building, modern office, 2,600 sq ft available.
      193 Marion St, Oak Park, IL 60301
      View Details
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    Oak Park, IL 60301-6708
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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
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