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113-115 N Marion St 9,737 SF 100% Leased Retail Building Oak Park, IL 60301 $2,350,000 ($241.35/SF) 7.40% Cap Rate
Investment Highlights
- ±9,737 SF Retail and Office on 0.14 AC
- Heart of downtown Oak Park | Walker's Paradise
- 2 Retail Units | 14 Office Units | 100% Leased
- Steps to the Metra | Signalized Intersection
- High visibility | Frontage on N. Marion Street
- Surrounded by diverse retail & dining options | Also available for lease
Executive Summary
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.
Also available for lease.
Also available for lease.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,737 SF
Building Class
B
Year Built
1920
Price
$2,350,000
Price Per SF
$241.35
Cap Rate
7.40%
NOI
$173,974
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.60
Lot Size
0.14 AC
Zoning
Commercial
Frontage
43’ on Marion St
Very walkable
80/100
Fairly drivable
50/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-07-125-016-0000 | Improvements Assessment | $104,250 |
| Land Assessment | $50,240 | Total Assessment | $154,490 |
Property Taxes
Parcel Number
16-07-125-016-0000
Land Assessment
$50,240
Improvements Assessment
$104,250
Total Assessment
$154,490
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113-115 N Marion St