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1023-1031 Lake St 515 SF of Office Space Available in Oak Park, IL 60301
Highlights
- Mixed-use building in downtown Oak Park
- Renovated in 2020 for modern upgrades
- Strong public transit connectivity
- Approx. 5,000 SF total building size
- Excellent walkability and retail access
- Convenient access to I-290 corridor
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 201 | 515 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
2nd Floor, Ste 201
This distinctive second-floor office suite offers a well-appointed 515 SF space available for occupancy on September 1, 2026. Located at 1029 Lake Street in the heart of Oak Park, Illinois, this property combines historic character with modern updates completed in 2020. The suite features a full build-out, creating an efficient and functional layout suited for professional uses such as consulting, creative, or financial services. The building is situated in a vibrant commercial corridor offering strong pedestrian activity, excellent public transit options, and proximity to premium retail and dining destinations. Tenants benefit from an exceptionally walkable environment and convenient access to major regional connectors including I-290 and local transit systems. With its blend of accessibility, updated infrastructure, and high-visibility location in a well-established suburban market, this office environment enables businesses to operate with ease and convenience.
- Fully Built-Out as Standard Office
- Open Floor Plan Layout
- Fits 2 - 5 People
- Space is in Excellent Condition
- Fully built-out office suite on second floor.
- Downtown Oak Park location
- Strong foot traffic area
- Close to I-290 and transit
- Renovated in 2020
- Available Sept 1, 2026
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 515 SF | Gross Leasable Area | 9,713 SF |
| Property Type | Retail | Year Built/Renovated | 1920/2020 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 515 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 9,713 SF |
| Year Built/Renovated | 1920/2020 |
About the Property
The property is located at 1029 Lake Street in Oak Park, Illinois, and consists of mixed-use space built in 1920 and renovated in 2020. The total building area is approximately 5,000 SF. It offers one second-floor office suite of 515 SF scheduled for availability on September 1, 2026. The location has strong pedestrian activity, public transit options, and is near major retail establishments and I-290 for regional connectivity.
Nearby Major Retailers
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1023-1031 Lake St
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