Downtown Oak Park Opportunity

113-115 N. Marion Street Oak Park, IL 60301

113-115 N. Marion Street, Oak Park, IL, 60301
Primary Exterior
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FOR SALE FOR LEASE
Property Type:
Restaurant
Amount:
$1,675,000
Last Verified:
Dec 03, 2024

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Highlights


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 15 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.

SVN Chicago Commercial is pleased to present 113-115 N. Marion in the heart of downtown Oak Park. This property includes ground-floor retail opportunities on Marion as well as a 2nd-floor +/-150 SF office suite. The location has achieved a Walker's Paradise Walk Score, 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.


Year Built: 1920
Building Size: 9737sq ft
Lot Size: 0.14 acres


Documents

SVN - SALE Brochure Proforma
SVN - LEASE Brochure

Units for Lease

Unit 113
Space Available: 2000 SF
Lease Type: NNN

Price Per Sqft/Year: $30.00
Suite 1
Space Available: 290 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00
Suite 2
Space Available: 170 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00
Suite 3
Space Available: 150 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00
Suite 5B
Space Available: 150 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00
Suite 8
Space Available: 220 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00
Suite 10
Space Available: 220 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00
Suite 12
Space Available: 180 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00
Suite 13
Space Available: 120 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00

Map of 113-115 N. Marion Street, Oak Park, IL, 60301

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.