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Downers Grove Commercial Property

1340 Ogden Avenue Downers Grove, IL 60515

Claim this Listing
For Sale
$2,500,000

COMMERCIAL - Downers Grove, IL

Property size:
12,000 SF
Lot size:
1.00 Acres
Price / SF:
$208/SF
Added:
Aug 20, 2025
Days on Market:
327
Last Refresh:
Jul 12 at 2:06 am

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

Listing office Century 21 Circle 3372 W Devon Ave, Chicago, IL

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.


Investment Insights

Based on property information with market context.

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.

Key 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.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

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.

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 Uses

Best Use
Specialty Retail
$2.87M
$2.51M – $3.35M (±1% cap)
NOI $200,880 @ 7.0% cap · market cap 8.04%
Second Best
Retail
$2.38M
$2.08M – $2.78M (±1% cap)
NOI $166,562 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$4.14M
$3.63M – $4.83M (±1% cap)
NOI $290,014 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Budget Car Rental Car Rental Facility Avis Car Rental Car Rental Facility Exotic Car Collection ... Car Dealership

Suggested Use

Nail Salon Law Firm Grocery & Convenience Store Grocery & Convenience Store Cafe & Coffee Shop Storage Facility Furniture & Home Goods Bakery Hotel & Motel Hair Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market 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

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.
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