Downers Grove Commercial
1340 Ogden Avenue, Downers Grove, IL 60515
COMMERCIAL - Downers Grove, IL
Property size:
12,000 SFLot size:
1.00 AcresPrice / SF:
$208/SF- Added:
- Aug 20, 2025
- Days on Market:
- 275
- Last Refresh:
- May 21 at 5:06 pm
Property Features for 1340 Ogden Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 0906402011
- Size
- 12,000 SF
- Lot size
- 1.00 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 27000
Building Details
- Year built
- 1968
- Floors in Building
- 1
Listing agent Mark Ahmad License #471007186 (312) 513-4490
Listing office Century 21 Circle 3372 W Devon Ave, Chicago, IL (773) 465-4200
Listing date Aug 20, 2025
MLS# 12442909
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strategic location on Ogden Ave. in a high‑traffic retail and business corridor.
- Multiple use property with income‑producing buildings and redevelopment potential.
- Substantial land size: over an acre with approximately 12,000 sq. ft. of buildings.
- Features 5 total buildings with 3 different tenants.
- Ample parking and drive‑through possibility.
- Easy access to major roads and proximity to numerous villages and towns.
Overview
Located in Downers Grove, Illinois, this commercial property is situated on Ogden Avenue at Venard Road, within a retail corridor and business district near major tenants and car dealerships. The property includes over an acre of land and approximately 12,000 square feet of buildings. There are five buildings in total, currently occupied by three different tenants. Ample parking is available at the rear and sides of the buildings. The property offers a drive-through possibility. It presents an opportunity for added value through improvements to the existing income-producing buildings or redevelopment into franchises or shopping centers. The location provides street presence and exposure, with easy access to major roads and proximity to interstates. Nearby towns include Naperville, Westmont, Lombard, Villa Park, Woodridge, Hinsdale, Burr Ridge, Lisle, and Wheaton. The property's zoning is COMMR, allowing for a variety of commercial uses.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$2.23M
NOI $200,880 @ 9.00% cap · cautious / downside scenario
Moderate
$2.87M
NOI $200,880 @ 7.00% cap · market / base-case scenario
Aggressive
$4.02M
NOI $200,880 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $288.0k | $24.00 |
| − Vacancy | −$20.2k | −$1.68 |
| EGI | $267.8k | $22.32 |
| − OpEx | −$67.0k | −$5.58 |
| NOI | $200.9k | $16.74 |
12,000 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$2.87M
$2.51M – $3.35M
NOI $200,880 @ 7.0% cap · market cap 8.04%
Second Best
Retail
$2.38M
$2.08M – $2.78M
NOI $166,562 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$4.14M
$3.63M – $4.83M
NOI $290,014 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Budget Car Rental
Car Rental Facility
Avis Car Rental
Car Rental Facility
Exotic Car Collection ...
Car Dealership
Similar Places Nearby
- Coinstar Bitcoin ATM — nai, 1148 ogden ave, downers grove, il 60515
- Coinstar Kiosk — nai, 1148 ogden ave, downers grove, il 60515
- Coinstar Kiosk | Bitcoin ATM — NAI, 1148 Ogden Ave, Downers Grove, IL 60515
Location Insight
- Map
- Local Demand
- City
- Downers Grove
- County
- DuPage
- State
- Illinois
- Longitude
- -88.0194208
- Latitude
- 41.808483
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Multiple-use property in a high-traffic retail corridor.
Where is this shopping center located?
The property is located at 1340 Ogden Avenue Downers Grove, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Strategic location on Ogden Ave. in a high‑traffic retail and business corridor.; Multiple use property with income‑producing buildings and redevelopment potential.; Substantial land size: over an acre with approximately 12,000 sq. ft. of buildings.
