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Mixed-Use

101 North Marion Street

101 N Marion St, Oak Park, IL 60301

Listing Price: $2,000,000

Cap Rate
7.78%
Number of Units
4
Occupancy
90.0%
Price/Unit
$500,000
Price/Gross SF
$174.16
Gross SF
11,484

Investment Overview

Marcus & Millichap is pleased to present 101 North Marion Street in Oak Park, Illinois. Oak Park is approximately 10 miles from Chicago’s downtown Loop and is one of the most sought-after suburbs for homeowners and renters. Oak Park’s unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce make it an ideal location to own rental property. 101 North Marion Street is a mixed-use building consisting of two retail spaces, 20 office spaces, one studio apartment unit (approximately 550 square feet), one one-bedroom / one-bathroom unit (approximately 756 square feet) and two two-bedroom / two-bathroom units (approximately 850 square feet). The subject property is located in downtown Oak Park, approximately two blocks south of Lake Street in a major retail corridor for the area. Tenants at the property are able to conveniently commute as the property is located within one block of the CTA Green Line Harlem/Lake station and Oak Park Metra station (Union Pacific West line). Additionally, 101 North Marion Street is approximately one mile north of Interstate 290. This investment is an opportunity for a new investor to acquire a corner mixed-use property in an irreplaceable Oak Park location. A new investor has the potential to increase cash flow through leasing the vacant retail space and operating the property over a long-term hold period.

Investment Highlights

  • Irreplaceable Location in Downtown Oak Park
  • Located Within a Retail Corridor
  • Across the Street from Oak Park Metra Station (Approximately 1,000 Riders per Day)
  • One Block from CTA Green Line (Harlem/Lake Station)
  • Potential Upside Through Leasing Vacant Commercial Spaces
  • Great Demographics - Average Household Income of Over $120,000 Within One Mile

Exclusively Listed By

Listing Price: $2,000,000

Cap Rate
7.78%
Number of Units
4
Occupancy
90.0%
Price/Unit
$500,000
Price/Gross SF
$174.16
Gross SF
11,484

Investment Highlights

  • Irreplaceable Location in Downtown Oak Park
  • Located Within a Retail Corridor
  • Across the Street from Oak Park Metra Station (Approximately 1,000 Riders per Day)
  • One Block from CTA Green Line (Harlem/Lake Station)
  • Potential Upside Through Leasing Vacant Commercial Spaces
  • Great Demographics - Average Household Income of Over $120,000 Within One Mile

Investment Overview

Marcus & Millichap is pleased to present 101 North Marion Street in Oak Park, Illinois. Oak Park is approximately 10 miles from Chicago’s downtown Loop and is one of the most sought-after suburbs for homeowners and renters. Oak Park’s unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce make it an ideal location to own rental property. 101 North Marion Street is a mixed-use building consisting of two retail spaces, 20 office spaces, one studio apartment unit (approximately 550 square feet), one one-bedroom / one-bathroom unit (approximately 756 square feet) and two two-bedroom / two-bathroom units (approximately 850 square feet). The subject property is located in downtown Oak Park, approximately two blocks south of Lake Street in a major retail corridor for the area. Tenants at the property are able to conveniently commute as the property is located within one block of the CTA Green Line Harlem/Lake station and Oak Park Metra station (Union Pacific West line). Additionally, 101 North Marion Street is approximately one mile north of Interstate 290. This investment is an opportunity for a new investor to acquire a corner mixed-use property in an irreplaceable Oak Park location. A new investor has the potential to increase cash flow through leasing the vacant retail space and operating the property over a long-term hold period.

Exclusively Listed By

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