100-110 S Emerson St - Apartments CONDO FOR SALE


Mount Prospect, IL 60056- Downtown Mount Prospect
$2,900,000 USD
847-254-1215
100-110 S Emerson St, Mount Prospect, IL for Sale
$2,900,000 USD
Apartments CONDO - FOR SALE
1/13
null | 7.47% Cap Rate

100-110 S Emerson St
Mount Prospect, IL 60056
Downtown Mount Prospect


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

7.47%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Emerson at Village Centre

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

87,595 SF

STORIES

5

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

B5C

APN/PARCEL ID

03-34-200-185-0000,08-12-108-045-0000,08-12-108-046-1154,08-12-108-046-1162,08-12-108-046-1170,08-12-108-046-1178,08-12-108-046-1188,08-12-108-046-1189,08-12-108-046-1194,08-12-108-046-1201,08-12-108-046-1206,08-12-108-046-1230,08-12-108-046-1231,08-12-108-046-1238,08-12-108-046-1239,08-12-108-046-1254,08-12-108-046-1255,08-12-108-046-1258,08-12-108-046-1259,08-12-108-046-1274,08-12-108-046-1275,08-12-108-046-1276,08-12-108-046-1277,08-12-108-046-1281,08-12-108-046-1289,08-12-108-046-1294,08-12-108-046-1316,08-12-108-046-1320,08-12-108-046-1330,08-12-108-046-1332,08-12-108-046-1340,08-12-108-046-1341

ASK ABOUT THIS PROPERTY

Donna BallentineCapital Commercial Real Estate BrokerageMore Info
847-254-1215

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Donna BallentineCapital Commercial Real Estate BrokerageMore Info
847-254-1215

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.