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34362723
34340502

728 Lake Street, Oak Park, IL 60301

IM
IL 475145659
Century 21 Realty Associate
Listed by Century 21 Realty Associate
Unpriced
3 days on market
Updated 0 days ago

728 Lake Street

Details
Property Type Retail, Business for Sale
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 1,700
Tenancy Single
Lease Type NNN
Year Built 1937
Zoning DT
Parking Spaces 1 spaces
Parking per 1,000 SqFt 0.59
Ground Lease No

About This Property

Marketing description

Business for Sale – Prime Restaurant Opportunity in Downtown Oak Park

Seize the opportunity to own a beautifully built-out, fully operational restaurant in the heart of Downtown Oak Park's renowned Restaurant Row. Currently operating as Seoul Ave Korean Kitchen, this stylish, turnkey space offers an outstanding opportunity for an owner-operator or experienced restaurateur to bring their own concept to one of Chicagoland's most vibrant dining destinations.

Located on bustling Lake Street, this high-visibility location is surrounded by a dynamic mix of popular restaurants, national retailers, and neighborhood favorites, generating strong pedestrian traffic throughout the day and evening.

Property Highlights

  • Turnkey restaurant with modern, high-quality interior build-out
  • Approximately 1,800 SF dining area
  • Additional private party/event room on the second floor
  • Approximately 1,200 SF basement for storage and operations
  • Attractive open dining room with contemporary finishes
  • Fully equipped commercial kitchen (equipment list available upon request)
  • Excellent street frontage and signage opportunity
  • High pedestrian and vehicle traffic
  • Strong demographics with affluent surrounding neighborhoods

Premier Restaurant Row Location

Immediate neighboring businesses include:

  • Starbucks
  • Mulata Kitchen
  • Amerika's
  • Scratch Kitchen
  • Yama Sushi
  • New Pot Thai
  • Candycopia
  • Hoja Santa Cocina
  • Chicago Waffles
  • Courageous Bakery
  • Jimmy John's

Additional nearby destinations include:

  • Oak Park Public Library
  • U.S. Post Office
  • Oak Park & River Forest High School
  • Green Line "L" Station (approximately one block away)

Outstanding Demographics

1-Mile Radius

  • Population: 38,347
  • Average Household Income: $119,899

3-Mile Radius

  • Population: 273,228
  • Average Household Income: $91,935

Easy Customer Access

  • Abundant street parking
  • Adjacent 550-space public parking garage
  • Excellent public transportation access
  • Convenient access from downtown Chicago and surrounding suburbs

This is an exceptional opportunity to establish or expand your restaurant concept in one of the most desirable dining corridors in the western suburbs. Whether you're planning Korean cuisine, Japanese, Italian, American, brunch, café, or another specialty concept, this location provides the visibility, infrastructure, and customer base to support long-term success.

Confidential sale. Business, furniture, fixtures, and equipment included. Financial information and equipment list available to qualified buyers after signing a confidentiality agreement.

Investment highlights

Recent Capital Improvements

  • Major infrastructure upgrades completed
  • New underground grease trap installed
  • New water tank installed
  • New electrical wiring and cords replaced throughout the restaurant
  • Well-maintained property with significant investment in key building systems
  • Reduced maintenance costs and added value for the next owner
  • New fire alarm system

Listing Contacts

IM
IL 475145659
Century 21 Realty Associate
Listed by Century 21 Realty Associate

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Zoning

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DT MixedMixed UseDowntown
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Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Ivan Man
License
475145659
Brokerage Address
2301 South Archer Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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