Three-Storefront Retail
For Sale
$499,000
13 Harrison Street, Oak Park, IL 60304
The existing meditation center occupies all three storefronts in a commercial building with a fenced rear yard.
Property Size3,000 SF
Lot Size0.14 Acres
Price / SF$166.33
Days on Market50
Property Features for 13 Harrison Street
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
5
Lot size
0.14 Acres
Property subtype
Commercial
Additional Details
Asking Price
$499,000
Currently Operating
Yes
Amenities
large fully fenced rear yard
Building Details
Building Size
3,000 SF
Year Built
1901
Buildings
1
Stories
1
Units
3
Listing Agency:
312 Estates LLC
Listed By:
Steven Jurgens · License #471016763
(312) 599-1300
Source:
Fishmangroup
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 26 at 3:52AM
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 312 Estates LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,000-square-foot commercial property contains three storefronts and is currently used as a meditation center. Built in 1901, the building sits on a 50-by-125-foot lot, with five on-site parking spaces and a large fenced yard behind it.
The property is at 13 Harrison Street in Oak Park’s Harrison Business and Art District. Its three storefronts, parking, and rear yard are the primary physical features of the site.
The property is at 13 Harrison Street in Oak Park’s Harrison Business and Art District. Its three storefronts, parking, and rear yard are the primary physical features of the site.
Key Highlights
- Three storefronts currently operated as a meditation center
- 3,000‑square‑foot commercial building
- 50 x 125 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,640
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,800
$832.8K
Cap Rate 7%
$594,857
$594.9K
Cap Rate 9%
$462,667
$462.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$64.8K $21.60/SF
− Vacancy
−$5.3K −$1.77/SF
EGI
$59.5K $19.83/SF
− OpEx
−$17.8K −$5.95/SF
NOI
$41.6K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,800
Cap Rate 7%
$594,857
Cap Rate 9%
$462,667
Alternative Uses
Best Use
Retail
$594.9K
$520.5K – $694.0K
NOI $41,640 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$906.3K – $1.21M
NOI $72,503 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
56k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Dining 2%
Electronics 1%
Dollar Tree
Shops & Services
23,640 visits/mo
0.5 miles
BP
Shops & Services
11,081 visits/mo
0.1 miles
Shell
Shops & Services
9,992 visits/mo
0.1 miles
Camp Bow Wow
Shops & Services
4,335 visits/mo
0.4 miles
PLS Financial Services
Shops & Services
2,886 visits/mo
0.4 miles
Demographics for 60304, IL
17,842
Population
6,842
Households
2.6
Avg Household Size
38
Median Age
73%
College-Educated
97%
High-School Grad
1.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$132,841
Median Household Income
$76,027
Median Earnings
$1,279
Median Rent
$470,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- VicBell Flowers LLC — 1426 1/2 S Austin Blvd #2E, Cicero, IL 60804
- LA Flower Boutique — 6120 W Roosevelt Rd, Oak Park, IL 60304
- Florist — 521 S Cuyler Ave, Oak Park, IL 60304
- Prentiss Florist — 5941 W Madison St, Chicago, IL 60644
- The Flower Pot & Basket Shop — 5631 W Madison St, Chicago, IL 60644
Frequently Asked Questions
What type of property is this?
Storefront property - The existing meditation center occupies all three storefronts in a commercial building with a fenced rear yard.
Where is this storefront property located?
The property is located at 13 Harrison Street Oak Park, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three storefronts currently operated as a meditation center; 3,000‑square‑foot commercial building; 50 x 125 lot
