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23185659
19981105

113 N Marion St, Oak Park, IL 60301

SVN | Chicago Commercial
Listed by SVN | Chicago Commercial
$1,995,000
667 days on market
Updated 2 days ago

Downtown Oak Park Opportunity | Building For Sale

Details
APN 16-07-125-016-0000
Property Type Mixed Use, Office (+1)
Sub Type Executive Office, Restaurant (+1)
Square Footage 9,737
Units 16
Cap Rate 8.72%
NOI $174,060
Occupancy 100%
Tenancy Multi
Lease Type Modified
Broker Co-Op Yes
Year Built 1920
Buildings 1
Stories 2
Acreage 0.140
Zoning Commercial
Investment Type Value Add
Ground Lease No

Retail/Office Building For Sale | 17-Units | 9,737 SF

Marketing description

SVN Chicago Commercial is pleased to present this unique Value-Add investment opportunity in the heart of downtown Oak Park. 113-115 N. Marion Street includes 43' of retail frontage on Marion and has 2 Retail Units and 14 Office Suites on the 2nd floor. This location has achieved a Walker's Paradise Walk Score, and with nearby access to I-290, I-294, the Oak Park Metra Station the CTA Green Line and multiple bus routes, the property enjoys seamless connections to the broader Chicago metropolitan area.

This exciting investment opportunity is located in Oak Park, a quaint upscale community 9 miles west of the Chicago Business District. The property enjoys seamless connections to the broader Chicago metropolitan area with nearby access to I-290, I-294, the CTA Green Line, and multiple bus routes. This accessibility facilitates customer traffic and supports the convenience of commuting for employees, making the location an ideal choice for retail businesses seeking strategic connectivity. Oak Park is a shopping and dining destination for tourists and locals alike.

Investment highlights

  • ±9,737 SF Retail and Office on 0.14 AC
  • Steps to the Metra | Signalized Intersection
  • Heart of downtown Oak Park | Walker's Paradise
  • High visibility | Frontage on N. Marion Street
  • 2 Retail Units | 14 Office Units | 100% Leased
  • Surrounded by diverse retail & dining options

Listing Contacts

SVN | Chicago Commercial
Listed by SVN | Chicago Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$174,059.53
$14,504.96/mo

Valuation Metrics

0
DSCR
8.72%
Cap Rate
8.72%
ROI

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Additional Information

Name
Karen Kulczycki-CCIM, SIOR
License
IL #471-020279
Brokerage Phone
630-330-3352
Brokerage Address
940 West Adams Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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