Property profile

113 Marion St Oak Park, IL 60302

OFF-MARKET
Retail space
Property ID
US28-2741912
0.1 ac lot Built 1964
Entity Owned Free & Clear
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Lot 0.1 ac (4,250 SF)
APN 16-07-301-016
UPID US28-2741912

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Property Management Company
  • Apartment Complex
  • Restaurant

Location

113 Marion St Oak Park, IL 60302-2822
Oak Park metro Census 812801 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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