Two-Tenant Retail Condominium
New
For Sale
Contact for pricing
104 North Maple Avenue, Oak Park, IL 60301
Ground-floor retail space within a 270-unit residential community in downtown Oak Park.
Property Size3,189 SF
Price / SF$557.33
Days on Market7
Property Features for 104 North Maple Avenue
General Information
Standard status
Active
Size
3,189 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Net
Investment Type
Stabilized
Net Operating Income
$124,412
Additional Details
Floor
Ground
Building Details
Year Built
2017
Units
2
Tenancy
Multi
Listing Agency:
Northmarq - Chicago
(312) 777-2437
Listed By:
Isaiah Harf · License #IL 471019332
Source:
Crexi
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 4 at 2:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - Chicago
Investment Insights
Based on property information with market context.
The property includes two retail condominiums at 104 and 106 North Maple Avenue, providing ground-floor commercial space within the Emerson Apartments residential community. The two suites are occupied by BodyBar Pilates and Firecakes Donuts, which operate from their respective spaces.
Emerson Apartments contains 270 residential units and is located in downtown Oak Park, Illinois. The property was constructed in 2017, placing the retail component within a relatively recent residential development. The offering combines two established retail occupants with a setting integrated into a larger multifamily community.
Emerson Apartments contains 270 residential units and is located in downtown Oak Park, Illinois. The property was constructed in 2017, placing the retail component within a relatively recent residential development. The offering combines two established retail occupants with a setting integrated into a larger multifamily community.
Key Highlights
- Two retail condominiums at 104 and 106 North Maple Avenue
- 100% occupied by BodyBar Pilates and Firecakes Donuts
- Located within Emerson Apartments, a 270‑unit residential community
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.5k | $24.00 |
| − Vacancy | −$5.4k | −$1.68 |
| EGI | $71.2k | $22.32 |
| − OpEx | −$17.8k | −$5.58 |
| NOI | $53.4k | $16.74 |
3,189 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$762.6K
$667.3K – $889.7K
NOI $53,384 @ 7.0% cap · market cap 3.00%
Second Best
Retail
$632.3K
$553.3K – $737.7K
NOI $44,264 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$1.10M
$963.4K – $1.28M
NOI $77,071 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,768
Businesses Nearby
413k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 33%
Dining 30%
Shops & Services 15%
Apparel 9%
Jewel-Osco
Groceries
61,712 visits/mo
0.5 miles
Whole Foods Market
Groceries
47,250 visits/mo
0.2 miles
Target
Superstores
34,491 visits/mo
0.2 miles
McDonald's
Dining
30,172 visits/mo
0.1 miles
Trader Joe's
Groceries
22,065 visits/mo
0.0 miles
Demographics for 60301, IL
3,043
Population
2,129
Households
1.4
Avg Household Size
37
Median Age
79%
College-Educated
99%
High-School Grad
0.2 sq mi
ZIP Area
15,215
Density / Sq Mi
$103,448
Median Household Income
$77,900
Median Earnings
$2,295
Median Rent
$230,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor retail space within a 270-unit residential community in downtown Oak Park.
Where is this retail space located?
The property is located at 104 North Maple Avenue Oak Park, IL.
What is the asking price?
The asking price for this property is $1,777,312.
What are key features of this property?
This property features: Two retail condominiums at 104 and 106 North Maple Avenue; 100% occupied by BodyBar Pilates and Firecakes Donuts; Located within Emerson Apartments, a 270‑unit residential community
