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1040-1044 Lake St 10,033 SF Vacant Retail Building Oak Park, IL 60301 For Sale
Investment Highlights
- Prime two-story retail building in Downtown Oak Park with ±10,033 SF available.
- Surrounded by top national retailers including Whole Foods, Trader Joe’s, and Target.
- Convenient access to CTA Green Line, Metra UP-West Line, and public parking.
- Exceptional visibility and foot traffic at a major intersection with 49,500 VPD.
- Strong demographics with household incomes exceeding $150,000 within one mile.
- Black iron capability ideal for restaurant users.
Executive Summary
1044 Lake Street presents a rare investment opportunity in the heart of Downtown Oak Park, one of Chicago’s most vibrant and affluent suburban markets. This two-story property offers approximately 10,033 SF of prime retail space with exceptional street presence and outstanding foot traffic. Located at the northeast corner of Lake Street and N Marion Street, the property sits at a high-profile intersection near Harlem Avenue, which sees over 49,500 vehicles per day.
The property benefits from strong market fundamentals, including an average household income exceeding $150,000 within a one-mile radius and a dense population base of over 285,000 within three miles. Its proximity to major transportation options, including the CTA Green Line “L” station and Metra UP-West Line, ensures consistent commuter and visitor traffic, with combined ridership surpassing 1.4 million annually.
Surrounded by a dynamic mix of national retailers, restaurants, and entertainment venues such as Whole Foods, Trader Joe’s, Target, Sephora, and Lou Malnati’s, this location offers unparalleled visibility and synergy. The building includes black iron capability, making it ideal for restaurant operators, and is steps from a primary public parking garage. This asset provides investors with a unique chance to acquire a property in a thriving urban-suburban environment with strong long-term growth potential.
The property benefits from strong market fundamentals, including an average household income exceeding $150,000 within a one-mile radius and a dense population base of over 285,000 within three miles. Its proximity to major transportation options, including the CTA Green Line “L” station and Metra UP-West Line, ensures consistent commuter and visitor traffic, with combined ridership surpassing 1.4 million annually.
Surrounded by a dynamic mix of national retailers, restaurants, and entertainment venues such as Whole Foods, Trader Joe’s, Target, Sephora, and Lou Malnati’s, this location offers unparalleled visibility and synergy. The building includes black iron capability, making it ideal for restaurant operators, and is steps from a primary public parking garage. This asset provides investors with a unique chance to acquire a property in a thriving urban-suburban environment with strong long-term growth potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,033 SF
Building Class
C
Year Built
1932
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.54
Lot Size
0.15 AC
Zoning
B-2 - Retail
Parking
2 Spaces (0.2 Spaces per 1,000 SF Leased)
Frontage
44’ on Lake St
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Divisible (Former Red Mango and The Barre Code Spaces)
Divisible (Former OrangeTheory Fitness)
| Space | Size | Space Use | Position | Available |
| 1st Floor | 6,000 SF | Retail | In-Line | Now |
| 2nd Floor | 4,033 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 6,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2nd Floor
| Size |
| 4,033 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 6,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Divisible (Former Red Mango and The Barre Code Spaces)
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Floor
| Size | 4,033 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Divisible (Former OrangeTheory Fitness)
Walk Score®
Walker's Paradise (98)
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-07-120-059-0000 | Improvements Assessment | $246,086 |
| Land Assessment | $49,592 | Total Assessment | $295,678 |
Property Taxes
Parcel Number
16-07-120-059-0000
Land Assessment
$49,592
Improvements Assessment
$246,086
Total Assessment
$295,678
1 of 45
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1040-1044 Lake St
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