Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    113 Marion St Oak Park, IL 60301

    For Sale
    Contact for pricing

    17 Units, 9,737 SF, Value-Add Opportunity

    Property size:
    9,737 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property, located at 113 N Marion St in Oak Park, IL, presents a compelling value-add investment opportunity. The 9,737 square foot building, constructed in 1920, sits on a 0.14-acre lot and boasts 17 units, currently at 68.8% occupancy. The building features a desirable mix of commercial uses, including two ground-floor retail units and fifteen second-floor office suites. With 43 feet of prime retail frontage on Marion Street, the property benefits from high visibility and a strong location in the heart of downtown Oak Park. The property's zoning is commercial, allowing for a variety of uses. Its convenient location offers easy access to major transportation arteries, including I-290, I-294, the Oak Park Metra Station, the CTA Green Line, and numerous bus routes, ensuring seamless connectivity to the broader Chicago metropolitan area. This prime location in a thriving, upscale community, just nine miles west of Chicago's central business district, is a walker's paradise, surrounded by diverse retail and dining options. The property's two-story structure provides ample space for both retail and office tenants, making it an ideal investment for those seeking a diversified portfolio. The building's multi-tenant structure offers flexibility and potential for increased rental income through lease modifications and improved occupancy. The property's Cook County APN is 16-07-125-016-0000. The asking price is subject to offer.

    Property Features for 113 Marion St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,737 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    2
    Units
    17

    HighLights

    • 9,737 SF retail/office building on a 0.14‑acre lot.
    • Excellent Metra accessibility; located at a signalized intersection.
    • Prime downtown Oak Park location in a walkable neighborhood.
    • High‑visibility storefront on North Marion Street.
    • Features two retail spaces and fifteen office units.
    • Abundant nearby retail and dining establishments.
    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
    -87.8027064
    Latitude
    41.8876766

    Nearby Similar for Sale

    • $1,375,000

      Updated Three-Unit Building in Oak Park

      Renovated three-unit building with modern updates and historic charm.
      1101 S Oak Park Ave, Oak Park, IL 60304
      View Details
    • $625,000
      4,312 SF

      Oak Park Investment Opportunity

      Five-unit building in vibrant Oak Park near Chicago.
      1322 N Austin Blvd, Oak Park, IL 60302
      View Details
    • $449,000

      Mixed-Use Investment in Oak Park

      Mixed-use property with retail space and residential unit in Oak Park.
      97 Harlem Ave, Oak Park, IL 60302
      View Details
    • $860,000
      4,508 SF

      Oak Park Multifamily Investment Opportunity

      Five-unit apartment building with income potential in a prime location.
      1135 S Oak Park Ave, Oak Park, IL 60304
      View Details
    • $1,250,000
      8,277 SF

      Oak Park Mixed-Use Investment

      Income-generating mixed-use building in Oak Park with renovated units.
      6600-04 W Roosevelt Rd W, Oak Park, IL 60304
      View Details
    • New
      $700,000

      Oak Park Multifamily Investment Property

      Two-flat with garden apartment near transportation and Columbus Park.
      208 S Austin Blvd, Oak Park, IL 60302
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 17 Units, 9,737 SF, Value-Add Opportunity
    Where is this individual retail property located?
    The property is located at 113 Marion St Oak Park, IL.
    What are key features of this property?
    This property features: 9,737 SF retail/office building on a 0.14-acre lot.; Excellent Metra accessibility; located at a signalized intersection.; Prime downtown Oak Park location in a walkable neighborhood.
    Request Owner's contact information
    113 Marion St Oak Park, IL 60301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    113 Marion St
    Oak Park, IL 60301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.