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.