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1135 Westgate St
Oak Park, IL 60301
BodyBar Pilates | Firecakes Donuts · Retail Property For Sale
Investment Highlights
- Two-Tenant Net Lease Urban Retail Condo with Proven Operating History and Incredible Sales.
- Immediate Access to Public Transit – CTA Green Line/Oak Park Metra Steps from the Entrances.
- Complementary, E-Commerce-Resistant Tenancy – Firecakes Donuts are an Institution.
- Embedded Customer Base Within Emerson Apartments – a Luxury Apartment Complex Directly Above.
- Surrounded By Dominant National Retailers – Whole Foods, Target, Ulta, CAVA & More.
- Dense & Affluent Infill Chicago Market – More than 250K people within a 3-mile radius and $165K AHHI.
Executive Summary
1135 Westgate St is a well-located multifamily residential property in Oak Park, Illinois, situated within a mature, highly desirable suburban community just west of downtown Chicago. The property benefits from proximity to public transportation, major commuter routes, neighborhood retail, restaurants, parks, and local amenities that support long-term residential demand. Oak Park's established housing market, walkable environment, and access to employment centers throughout the Chicago metropolitan area contribute to the property's appeal for residents and investors alike. The asset is positioned within a stable residential corridor characterized by a mix of multifamily and single-family housing, offering convenient access to schools, shopping, and recreational destinations.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.00% |
| Sale Type | Investment |
| Cap Rate | 7.00% |
Positioned within a walkable mixed-use environment, the condominium enjoys exposure to both neighborhood residents and visitors drawn to the surrounding downtown Oak Park business district. The location is approximately 10 miles west of Downtown Chicago and is served by the CTA Green Line Harlem/Lake station, which reports approximately 24,693 weekly riders. The combination of residential density, public transit accessibility, and established retail tenancy supports ongoing customer activity at the property.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 104 & 106 | 3,189 SF | Retail | Upon Request | $124,412 |
Unit 104 & 106
| Unit Size |
| 3,189 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| $124,412 |
Unit 104 & 106
| Unit Size | 3,189 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | $124,412 |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| Description | |
| This retail condominium consists of two established retail tenants, BodyBar Pilates and Firecakes Donuts, located at the base of the Emerson Apartments community in downtown Oak Park. The property benefits from a built-in customer base generated by the apartment community above, which contains 270 residential units and reported occupancy of approximately 94%.<br> Positioned within a walkable mixed-use environment, the condominium enjoys exposure to both neighborhood residents and visitors drawn to the surrounding downtown Oak Park business district. The location is approximately 10 miles west of Downtown Chicago and is served by the CTA Green Line Harlem/Lake station, which reports approximately 24,693 weekly riders. The combination of residential density, public transit accessibility, and established retail tenancy supports ongoing customer activity at the property.</li></ul> | |
| Sale Notes | |
| Northmarq is pleased to present an exceptional opportunity to acquire two retail condominiums, 100% occupied by tenants that are performing exceedingly well in their respective spaces. Located at 104 & 106 N Maple Avenue in Oak Park, Illinois (the "Property"), Firecakes Donuts and BodyBar are well ingrained in to the community and have become a mainstay of Oak Park and those visiting. The Property consists of two retail condominiums totaling 3,186-square-feet of ground-floor retail space situated within Emerson Apartments, a 270-unit residential community in the heart of downtown Oak Park. Please contact broker for further information and discussion regarding asset.</li></ul> |
Property Facts
| Total Building Size | 454,257 SF | Typical Floor Size | 22,500 SF |
| Property Type | Multifamily (Condo) | Year Built | 2017 |
| Property Subtype | Apartment | Lot Size | 1.96 AC |
| Building Class | B | Parking Ratio | 0.95/1,000 SF |
| Floors | 20 | ||
| Zoning | DT-1 - 3-97 - Special Rental Structure | ||
| Total Building Size | 454,257 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 20 |
| Typical Floor Size | 22,500 SF |
| Year Built | 2017 |
| Lot Size | 1.96 AC |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | DT-1 - 3-97 - Special Rental Structure |
Amenities
Site Amenities
- Business Center
- Clubhouse
- Fitness Center
- Pool
- Cabana
- Dry Cleaning Service
- Grill
- Wheelchair Accessible
- Package Service
- Roof Terrace
- Car Charging Station
- Public Transportation
- Green Community
- Smoke Detector
Sustainability
Sustainability
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
