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1053 W Lake St 1,862 SF of Office Space Available in Oak Park, IL 60301
Highlights
- ± 1,862 SF Full Floor Office Suite in Three-Story Mixed Use Building
- High visibility | Blocks to the CTA | Abundant Natural Light
- Building also available for sale
- Prime location in the heart of downtown Oak Park
- 4 Private Offices | Waiting/Reception | Kitchen | 2 Restrooms | Storage
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 3rd Floor, Ste Full Floor | 1,862 SF | Negotiable | $27.39 CAD/SF/YR $2.28 CAD/SF/MO $50,995 CAD/YR $4,250 CAD/MO | Triple Net (NNN) |
3rd Floor, Ste Full Floor
SVN Chicago Commercial is pleased to present a ±1,862 SF office suite at 1053 Lake Street, a 3-story Mixed-Use building located in the heart of downtown Oak Park. The third-floor office suite has high-end finishes with abundant natural light and 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.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 5 - 15 People
- 4 Private Offices
- Full Floor Office Suite in Three-Story Building
- Prime location in the heart of downtown Oak Park
- High visibility | Blocks to the CTA
- 4 Private Offices | Waiting/Reception | Kitchen
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 | 1,862 SF | Gross Leasable Area | 5,586 SF |
| Property Type | Retail | Year Built | 1913 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 1,862 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 5,586 SF |
| Year Built | 1913 |
About the Property
This exciting leasing 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.
- Bus Line
- Air Conditioning
Nearby Major Retailers
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1053 W Lake St
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