3-Story Oak Park Investment Opportunity

1053 Lake Street Oak Park, IL 60301

1053 Lake Street, Oak Park, IL, 60301
Exterior
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FOR SALE
Property Type:
Street Retail
Amount:
Please Call Broker for Price

Last Verified:
Sep 10, 2024

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Highlights

  • ±5,586 SF Three-Story Retail and Office
  • Three Full Floor Tenants | 100% Occupied | Full Building Opportunity in 2026
  • Prime location in the heart of downtown Oak Park
  • High visibility | Blocks to the CTA

Description

SVN Chicago Commercial is pleased to present 1053 Lake Street, a ±5,586 SF Three-Story Retail and Office Building in Oak Park, Illinois. Located in the heart of downtown Oak Park, this property is 100% occupied with three full-floor tenants, elevator, plenty of windows. Retail Restaurant on Ground Floor with outdoor patio, 2 restrooms, prep area and kitchen. Second Floor Music Institute has 6 offices, lobby areas, 2 restrooms with building signage. Third Floor Wellness Group has lobby and reception, 4 offices, kitchenette area, 2 restrooms. With nearby access to I-290, I-294, the CTA Green Line and multiple bus routes, the property enjoys seamless connections to the broader Chicago metropolitan area.

This exciting investment opportunity is located in the city of Oak Park, which is a quaint upscale community 9 miles west of the Chicago Business District. With nearby access to I-290, I-294, the CTA Green Line and multiple bus routes, the property enjoys seamless connections to the broader Chicago metropolitan area. This accessibility facilitates customer traffic and supports the convenience of commuting for employees, making the location an ideal choice for retail businesses seeking strategic connectivity. Oak Park is a shopping and dining destination for tourists and locals alike.


Year Built: 1913
Building Size: 5586sq ft
Lot Size: 0.04 acres


Documents

SVN - SALES Brochure

Map of 1053 Lake Street, Oak Park, IL, 60301

Presented by:
SVN | Chicago Commercial

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Karen Kulczycki


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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