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 FOR LEASE
Property Type:
Street Retail
Amount:
Please Call Broker for Price

Last Verified:
Feb 11, 2026

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Highlights


Description

SVN Chicago Commercial is pleased to present 1053 Lake Street, a ±6,000 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.

SVN Chicago Commercial is pleased to present a ±2,000 - 4,000 SF office suite opportunties at 1053 Lake Street, a 3-story, mixed-use building located in the heart of downtown Oak Park. Occupy one or two floors of office/retail space with high-end finishes and abundant natural light. The second-floor suite has 6 private offices, 2 internal restrooms, and storage. The third-floor office suite includes a reception/waiting area, 4 private offices, a kitchen, 2 internal restrooms, and storage. 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 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: 6000sq ft
Lot Size: 0.04 acres


Documents

SVN - SALES Brochure
SVN - LEASE Brochure

Units for Lease

Unit
Space Available: 2000 SF
Lease Type: NNN

Price Per Sqft/Year: $20.00
Unit
Space Available: 2000 SF
Lease Type: NNN

Price Per Sqft/Year: $20.00

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

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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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.