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100-110 S Emerson St - The Emerson at Village Centre 14,000 SF Retail Condo Unit Offered at $2,900,000 in Mount Prospect, IL 60056
Executive Summary
The property at 100–110 S. Emerson Street is ideally situated in the heart of Downtown Mount Prospect, one of Chicago's premier suburban downtown districts. The location offers exceptional accessibility, just steps from the Mount Prospect Metra Station and with convenient access to Interstate 90, Interstate 294, and Illinois Route 83, providing seamless connectivity throughout the Chicago metropolitan area. Surrounded by an expanding mix of restaurants, boutiques, residential developments, and community amenities, the property benefits from strong pedestrian activity and a vibrant downtown atmosphere. Ongoing public and private investment, combined with Mount Prospect's stable demographics, pro-business environment, and commitment to downtown revitalization, continues to reinforce the area's long-term appeal for retailers, investors, and residents alike.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 08-12-108-045-0000 |
| Cap Rate | 7.47% |
| Sale Type | Investment |
| Cap Rate | 7.47% |
| APN/Parcel ID | 08-12-108-045-0000 |
Sale Notes
The subject property, located at 100–110 S. Emerson Street in the heart of Downtown Mount Prospect, Illinois, presents an exceptional opportunity to acquire a well-located, income producing retail investment within one of Chicago's most active suburban downtown districts. Positioned just steps from the Mount Prospect Metra Station and surrounded by an expanding mix of restaurants, retail, residential developments, and community amenities, the property benefits from strong pedestrian activity and excellent regional accessibility. Its premier downtown location provides a durable foundation for
long-term tenant demand and investment performance.
Downtown Mount Prospect has experienced significant public and private investment over the past decade, transforming the area into a vibrant mixed-use destination while attracting hundreds of new residential units, enhanced retail offerings, and substantial infrastructure improvements. Village leadership
continues to prioritize downtown redevelopment, reinforcing the long-term vitality of the district and creating a favorable environment for existing commercial assets. These ongoing investments strengthen the property's position within a market characterized by limited availability of quality downtown retail opportunities.
This offering presents the opportunity to acquire a stabilized investment property with the potential for future income growth through lease rollover and market rent adjustments. Combining dependable in-place cash flow with an irreplaceable downtown location, 100–110 S. Emerson Street offers investors the
opportunity to own a premier retail asset positioned to benefit from the continued evolution and long-term success of Downtown Mount Prospect.
long-term tenant demand and investment performance.
Downtown Mount Prospect has experienced significant public and private investment over the past decade, transforming the area into a vibrant mixed-use destination while attracting hundreds of new residential units, enhanced retail offerings, and substantial infrastructure improvements. Village leadership
continues to prioritize downtown redevelopment, reinforcing the long-term vitality of the district and creating a favorable environment for existing commercial assets. These ongoing investments strengthen the property's position within a market characterized by limited availability of quality downtown retail opportunities.
This offering presents the opportunity to acquire a stabilized investment property with the potential for future income growth through lease rollover and market rent adjustments. Combining dependable in-place cash flow with an irreplaceable downtown location, 100–110 S. Emerson Street offers investors the
opportunity to own a premier retail asset positioned to benefit from the continued evolution and long-term success of Downtown Mount Prospect.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 100-110 | 14,000 SF | Retail | $2,900,000 ($207.14/SF) | $216,500 |
Unit 100-110
| Unit Size |
| 14,000 SF |
| Condo Use |
| Retail |
| Price |
| $2,900,000 ($207.14/SF) |
| NOI |
| $216,500 |
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Unit 100-110
| Unit Size | 14,000 SF |
| Condo Use | Retail |
| Price | $2,900,000 ($207.14/SF) |
| NOI | $216,500 |
| Sale Type | Investment |
| Cap Rate | 7.47% |
| APN/Parcel ID | 08-12-108-045-0000 |
| Sale Notes | |
| The subject property, located at 100–110 S. Emerson Street in the heart of Downtown Mount Prospect, Illinois, presents an exceptional opportunity to acquire a well-located, income producing retail investment within one of Chicago's most active suburban downtown districts. Positioned just steps from the Mount Prospect Metra Station and surrounded by an expanding mix of restaurants, retail, residential developments, and community amenities, the property benefits from strong pedestrian activity and excellent regional accessibility. Its premier downtown location provides a durable foundation for<br> long-term tenant demand and investment performance. <br> <br> Downtown Mount Prospect has experienced significant public and private investment over the past decade, transforming the area into a vibrant mixed-use destination while attracting hundreds of new residential units, enhanced retail offerings, and substantial infrastructure improvements. Village leadership<br> continues to prioritize downtown redevelopment, reinforcing the long-term vitality of the district and creating a favorable environment for existing commercial assets. These ongoing investments strengthen the property's position within a market characterized by limited availability of quality downtown retail opportunities. <br> <br> This offering presents the opportunity to acquire a stabilized investment property with the potential for future income growth through lease rollover and market rent adjustments. Combining dependable in-place cash flow with an irreplaceable downtown location, 100–110 S. Emerson Street offers investors the<br> opportunity to own a premier retail asset positioned to benefit from the continued evolution and long-term success of Downtown Mount Prospect.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 87,595 SF | Typical Floor Size | 15,417 SF |
| Property Type | Multifamily (Condo) | Year Built | 2007 |
| Property Subtype | Apartment | Lot Size | 0.64 AC |
| Building Class | A | Parking Ratio | 0.68/1,000 SF |
| Floors | 5 | ||
| Zoning | B5C - Central Commercial Core | ||
| Total Building Size | 87,595 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 5 |
| Typical Floor Size | 15,417 SF |
| Year Built | 2007 |
| Lot Size | 0.64 AC |
| Parking Ratio | 0.68/1,000 SF |
| Zoning | B5C - Central Commercial Core |
Amenities
Site Amenities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 40 | - | - |
Fairly walkable
50/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Contacts
-
Donna Ballentine -
Jeff Shilkaitis -
Matthew Rasche -
Capital Commercial Real Estate Brokerage
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100-110 S Emerson St - The Emerson at Village Centre
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