Essex Realty Group, LLC is pleased to exclusively market for sale 400 Lake Street, in Oak Park IL. This mixed-use property features three (3) ground-floor retail storefronts, six (6) second-floor office spaces, and one (1) three-bedroom, one bathroom apartment. Located just one block from both the Metra and CTA Green Line stations and near Downtown Oak Park, this property offers tenants excellent accessibility to transportation and amenities.
There is significant potential to increase income through leasing efforts and adjusting rents to market levels. The property currently has five (5) vacant office spaces and one (1) vacant retail storefront, presenting a value-add opportunity for investors. The strong retail and office market in Oak Park, along with the area’s robust residential demand, positions this asset for steady income growth.
400 Lake St. is surrounded by a variety of restaurants, shops, and services, offering a highly accessible and convenient location. This mixed-use property provides an opportunity to invest in a well-located value-add asset.