Retail Property with Long-Term
1125 Garfield St Oak Park, IL 60304
1125 Garfield St, Oak Park, IL, 60304
Contact for pricing
For Sale
Contact for pricing
Newly constructed retail property features a 20-year lease with 2% annual rental escalations.
Property Size13,098 SF
Price / SF$496.55
Days on Market191
Property Features for 1125 Garfield St
General Information
- Standard status
- Active
- Size
- 13,098 SF
- Property subtype
- RETAIL
Listing agency
The Boulder Group - Corporate
(847) 562-0003
Listed by
Randy Blankstein · License #471005983
Source
Moodyscre
Added: Jan 12 Updated: Jul 22 at 3:52PM Checked: Jul 22 at 3:52PM
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 The Boulder Group - Corporate
Investment Insights
Based on property information with market context.
This retail property was constructed in 2024 and is offered for sale with a long-term 20-year lease in place through July 2044. The lease includes 2% annual rental escalations and a personal guaranty from the operators.
The property is located along Garfield Street with 16,100 vehicles per day, offering immediate access to I-290 (195,000 vehicles per day) and Harlem Avenue (34,400 vehicles per day). It is also within walking distance of the Park District of Forest Park and the CTA Blue Line Harlem station.
The asset benefits from proximity to major healthcare employers, including Hines VA Medical Center, Loyola University Medical Center, and Rush Oak Park Hospital.
The property is located along Garfield Street with 16,100 vehicles per day, offering immediate access to I-290 (195,000 vehicles per day) and Harlem Avenue (34,400 vehicles per day). It is also within walking distance of the Park District of Forest Park and the CTA Blue Line Harlem station.
The asset benefits from proximity to major healthcare employers, including Hines VA Medical Center, Loyola University Medical Center, and Rush Oak Park Hospital.
Key Highlights
- New 2024 construction retail property with a long‑term 20‑year lease through July 2044
- 2% annual rental escalations built into the lease
- Personal guaranty from the operators
Local Financial Insights For 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 | $282.9k | $21.60 |
| − Vacancy | −$23.2k | −$1.77 |
| EGI | $259.7k | $19.83 |
| − OpEx | −$77.9k | −$5.95 |
| NOI | $181.8k | $13.88 |
13,098 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.60M
$2.27M – $3.03M
NOI $181,802 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.52M
$3.96M – $5.28M
NOI $316,550 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chakra Inc
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Newly constructed retail property features a 20-year lease with 2% annual rental escalations.
Where is this retail space located?
The property is located at 1125 Garfield St Oak Park, IL.
What is the asking price?
The asking price for this property is $6,503,834.
What are key features of this property?
This property features: New 2024 construction retail property with a long‑term 20‑year lease through July 2044; 2% annual rental escalations built into the lease; Personal guaranty from the operators
