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    113 Marion St Oak Park, IL 60301

    For Lease
    $18 SF/Yr ($14,608 /Mo)

    Prime Retail & Office, Oak Park

    Lot size:
    9,739 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Oak Park property at 113 N Marion St offers a unique blend of retail and office space, ideal for multiple tenants. The building, constructed in 1920, boasts 9,739 square feet across two stories, situated on a 0.14-acre lot. The ground floor presents excellent storefront and street retail opportunities, while the second floor includes approximately 150 square feet of executive office space. The property's Commercial zoning allows for diverse uses. Located in the heart of downtown Oak Park, this location is a Walker's Paradise, providing easy access to public transportation including the Oak Park Metra Station, the CTA Green Line, and numerous bus routes. Its strategic proximity to major highways, I-290 and I-294, ensures seamless connectivity to the broader Chicago metropolitan area, benefiting both businesses and employees. Oak Park's vibrant atmosphere, known for its shopping and dining scene, attracts both local residents and tourists, creating a high-traffic environment for retail ventures. This Cook County property presents a compelling investment opportunity in a thriving, upscale community just nine miles west of Chicago's central business district. The building's multiple tenancy options provide flexibility for various business needs.

    Property Features for 113 Marion St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,739 SF
    Total Rate
    14608.5

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Restaurant Space - Unit 113
    Size
    2,000 SF
    Rate per SF
    $30
    Space
    Suite 5B
    Size
    120 SF
    Rate per SF
    $18
    Space
    Suite 2
    Size
    170 SF
    Rate per SF
    $18
    Space
    Suite 3
    Size
    150 SF
    Rate per SF
    $18
    Space
    Suite 1
    Size
    290 SF
    Rate per SF
    $18
    Space
    Suite 8
    Size
    220 SF
    Rate per SF
    $18
    Space
    Suite 12
    Size
    180 SF
    Rate per SF
    $18
    Space
    Suite 10
    Size
    220 SF
    Rate per SF
    $18
    Space
    Suite 13
    Size
    120 SF
    Rate per SF
    $18

    HighLights

    • 2,000 SF second‑generation restaurant space.
    • Second‑floor office suites available, various sizes.
    • Prime downtown Oak Park location.
    • High‑visibility frontage on N. Marion Street at a signalized intersection.
    • Excellent retail and dining synergy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    B a Feller Co Property Management Company Northlake Apartments Apartment Complex Luo's Peking House Chinese Restaurant

    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
    -87.802415864356
    Latitude
    41.887684788061

    Nearby Similar for Lease

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    • $20 SF/Yr

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail & Office, Oak Park
    Where is this restaurant located?
    The property is located at 113 Marion St Oak Park, IL.
    What is the lease rate?
    The lease rate is $18-$30 SF/Yr.
    What are key features of this property?
    This property features: 2,000 SF second-generation restaurant space.; Second-floor office suites available, various sizes.; Prime downtown Oak Park location.
    Request Owner's contact information
    113 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 Marion St Oak Park, IL 60301
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