Date
Details
Price
Change
Source
9/16/2026
Listed
$995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$995,000 Just Listed
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Property Description
9,900 SF industrial building for sale in Franklin Park, IL. NNN leased to a publicly traded multinational med-tech and optics company who has been in place since 2003. The lease has been extended to Feb 28, 2029. The asking price is an 8+ CAP rate on current rent and the lease has annual CPI increases that adjust each March. New roof 2022 (with 16 years remaining on the warranty). Recent masonry work and the parking lot is freshly seal coated and striped. The property is a corner location with 33 parking spaces and 1 drive-in-door. This is a solid, stable investment property located just off interchanges to I-90, I-94 and I-294 and 4 miles from O'Hare International Airport. No evening or weekend showings.
Full Property Details
Full Property Details for 3531 Martens St
General
- Price: $995,000
- Taxes: $47,882 (2025)
- Status: Active
- Type: Warehouse
- Source: MRED
- MLS ID: 12744041
- Updated: 9/16/2026
- Added to Site: 1 day(s) ago
Additional Information
- Security/Safety: Alarm Monitored, Fire Extinguisher(s), Sprinklers
Location
- Area: Franklin Park
- County: Cook
- Township: Leyden
- Driving Directions: River Road to Robinson Road. Then west to Martens.
- Location Details: O'Hare, Northwest Suburban, Corner, Mixed-Use Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat, Forced Air, Gas
Utilities
- Onsite: Electricity to Site, Natural Gas Available, Water Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Drive-In Doors: 1
- Stories/Levels: 1
- Square Feet: 9,900
- Current Bldg. Use: Commercial, Industrial
- Year Built: 1956
- Built Before 1978: Yes
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Acres): 0.41
- Lot Size (Sq. Ft.): 18,649
- Lot Dimensions: 133.9 x 140.2 x 134.2 x 142
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $51,351
- Security Deposit: Alarm Monitored, Fire Extinguisher/s, Sprinklers
- Assessment Year: 1956
- Tax Amount: $47,882
- Tax Year: 2025
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Scavenger, Sewer, Other, All Utilities
Disclosures and Reports
- Documents Avail.: Demographics, Legal-Description, Existing Survey, Tax Bill, Plat, Tenant Lease(s)
- Property ID: 12223010330000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 3531 Martens St
School Districts:Franklin Park School District 84, Leyden Community High School District 212
| Name | Grades | Distance |
|---|---|---|
North Elementary School, Franklin Park, IL 9500 Gage Avenue, Franklin Park, IL 60131 | PK-5 | 0.3 mi |
Hester Jr High School 2836 Gustav Street, Franklin Park, IL 60131 | 6-8 | 0.9 mi |
East Leyden High School 3400 Rose Street, Franklin Park, IL 60131 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3531 Martens St
Tax History
Tax History for 3531 Martens St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$47,882
—
$176,250
13%
2023
$47,882
-3%
$155,906
—
2022
$49,407
-24%
$155,906
-6%
2021
$65,348
5%
$164,985
—
2020
$62,174
9%
$164,985
—
2019
$57,164
23%
$164,985
44%
2018
$46,296
1%
$114,733
—
2017
$45,627
8%
$114,733
—
2016
$42,409
-2%
$114,733
3%
2015
$43,490
3%
$111,374
—
2014
$42,342
8%
$111,374
—
2013
$39,246
-5%
$111,374
-10%
2012
$41,108
—
$123,750
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3531 Martens St
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- Condo
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,264Sq. Ft.
- Single Family
- Active
- Updated 13 hours ago
- 4Beds
- 2Total Baths
- 1,500Sq. Ft.
- Single Family
- Active
- Updated 10 hours ago
- 2Beds
- 1Total Bath
- 732Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 990Sq. Ft.
Listed by Patricia Furman (847) 729-7261
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 1Total Bath
- 1,500Sq. Ft.
- Single Family
- Active
- Updated 10 hours ago
- 2Beds
- 1Total Bath
- 732Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 2Total Baths
- 1,653Sq. Ft.
- Condo
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
- 1,000Sq. Ft.
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- Single Family
- Closed
- Updated 13 days ago
- 5Beds
- 6Total Baths
- 5,514Sq. Ft.
3531 Martens Street, Franklin Park, IL 60131 (MLS# 12744041) is a Warehouse property. 3531 Martens Street is currently listed for $995,000 and was received on September 16, 2026. Want to learn more about 3531 Martens Street? Do you have questions about finding other Warehouse real estate for sale in Franklin Park? You can browse all Franklin Park real estate or contact a Coldwell Banker agent to request more information.