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    113-115 N Marion St Oak Park, IL 60301

    For Sale
    $2,350,000

    9,737 SF retail and office building in downtown Oak Park.

    Property size:
    9,737 SF

    Property Features for 113-115 N Marion St

    General Information

    Size
    9,737 SF

    Building Details

    Year built
    1920

    Source: Karen Kulczycki, CCIM, SIOR Agent Karen Kulczycki, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Oak Park Retail and Office

    Located in the heart of downtown Oak Park, this property at 113-115 N. Marion Street presents a value-add investment opportunity. The building features 43 feet of retail frontage and comprises two retail units along with 14 office suites on the second floor. The property has a Walk Score that designates it as a Walker's Paradise. Situated in close proximity to I-290, I-294, the Oak Park Metra Station, the CTA Green Line, and various bus routes, the location benefits from convenient access to the Chicago metropolitan area. The property is located in Oak Park, an upscale community located 9 miles west of the Chicago Business District. The 9,737 square feet of retail and office space sits on a 0.14-acre lot. The property is located steps from the Metra station at a signalized intersection. The building is 95% leased and surrounded by diverse retail and dining options.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8026923
    Latitude
    41.8861893

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    FAQs

    What type of property is this?
    Retail space - 9,737 SF retail and office building in downtown Oak Park.
    Where is this retail space located?
    The property is located at 113-115 N Marion St Oak Park, IL.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: - Prime location in the heart of downtown Oak Park, a desirable and upscale community.; - Excellent transportation access with nearby I-290, I-294, Oak Park Metra Station, CTA Green Line, and multiple bus routes.; - High Walk Score, indicating a Walker's Paradise.
    (630) 330-3352
    Request Owner's contact information
    113-115 N Marion St Oak Park, IL 60301
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    Oak Park, IL 60301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    113-115 N Marion St Oak Park, IL 60301
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