193 Marion StOak Park, IL 60301

Property Details for 193 Marion St

Year built

1927

Lot size

0.05 AC

Property type

Office properties

Property subtype

Other office properties

APN

16-07-118-050-1001

APU

16071180501001

Description

This exceptional creative office space, located at 193 N. Marion, offers 2,600 square feet of immediately available space in a beautifully renovated building. Originally constructed in 1928 and extensively updated in 2019, this three-story building boasts a unique blend of historic charm and contemporary functionality. The space features impressive 9-8 foot ceilings, perfect for showcasing creative designs and maximizing natural light. The property is zoned DT-1 and has a total building size of 6,596 square feet, divided into four suites. While the entire 2,600 square foot vacant space is available, smaller contiguous spaces down to 1,710 square feet can be considered. The building is located near Ontario St, offering convenient access to downtown amenities. Note that there is no on-site parking and no elevators are present. Property taxes are $7.68 per square foot. This move-in ready space is ideal for businesses seeking a unique and inspiring work environment in a prime downtown location. The APN is 16-07-118-068-0000. This property is perfect for a variety of uses, including creative office, retail, or restaurant.

• CAP approach

  CAP return

  Valuation

  6%

  $624,609

  6.5%

  $576,562

  7%

  $535,379

• Comparable approach

  Method

  Valuation

  Relative Method

  $270,269

  Geo Method

  $270,269

• Alternative Use

  Use

  Valuation

  Residential

  $714,937

  Hospitality

  $654,879

  Educational

  $544,852

  Medical

  $563,590

  Retail

  $847,547

Location Insight

City

Oak Park

County

Cook

State

Illinois

Latitude

41.8904

Longitude

-87.8029

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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