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113 Marion St Oak Park, IL 60301

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

Overview

Added:
Dec 11, 2024
Days on market:
127
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.

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 Details for 113 Marion St

Property type
Retail properties, Restaurants
Square Feet
9,737 SF
Year Built
1920
Buildings
1
Stories
2
Lot Size (sq. ft)
6,098 SF
Units
17

Location Insight

City
Oak Park
County
Cook
State
Illinois
Latitude
41.8876766
Longitude
-87.8027064
113 Marion St, Oak Park, Illinois

FAQs

What type of property is this?
Retail property - 17 Units, 9,737 SF, Value-Add Opportunity
Where is the 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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113 Marion St
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