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1040-1044 Lake St 4,033 - 10,033 SF of Retail Space Available in Oak Park, IL 60301
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.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor | 4,033 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Divisible (Former Red Mango and The Barre Code Spaces)
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
2nd Floor
Divisible (Former OrangeTheory Fitness)
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
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.
Select Tenants at 1040-1044 Lake St, Oak Park, IL 60301
- Tenant
- Description
- US Locations
- Reach
- Red Mango
- Yogurt
- 98
- International
- ViaForensics
- Services
- 1
- -
- Yang & Associates
- Retailer
- 1
- -
| Tenant | Description | US Locations | Reach |
| Red Mango | Yogurt | 98 | International |
| ViaForensics | Services | 1 | - |
| Yang & Associates | Retailer | 1 | - |
Property Facts
| Total Space Available | 10,033 SF | Gross Leasable Area | 10,033 SF |
| Property Type | Retail | Year Built | 1932 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.2/1,000 SF |
| Total Space Available | 10,033 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 10,033 SF |
| Year Built | 1932 |
| Parking Ratio | 0.2/1,000 SF |
About the Property
Available immediately for lease, 1044 Lake Street offers two levels of highly visible retail space in the core of Downtown Oak Park. The ground floor provides 6,000 SF of divisible space, formerly occupied by Red Mango and The Barre Code, while the second floor offers ±4,033 SF, previously home to OrangeTheory Fitness. Both spaces feature excellent frontage along Lake Street, ensuring maximum exposure to heavy pedestrian and vehicular traffic. This property is ideally positioned near the intersection of Harlem and Lake, a major retail corridor with over 49,500 vehicles per day. Tenants will benefit from exceptional demographics, including household incomes above $150,000 within one mile and a daytime population exceeding 35,000. The site is easily accessible via CTA Green Line and Metra UP-West Line, with combined annual ridership of more than 1.4 million, and is within walking distance of a primary public parking garage. Neighboring retailers include Whole Foods, Trader Joe’s, Target, Sephora, Sweetgreen, and Lou Malnati’s, creating a strong co-tenancy environment. With black iron capability and proximity to top dining and shopping destinations, this property is an ideal choice for restaurants, fitness concepts, and specialty retailers seeking a premier Oak Park address.
- 24 Hour Access
- Signage
- Air Conditioning
Nearby Major Retailers
Presented by
1040-1044 Lake St
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