Live-Work Compound with Penthouse
For Sale
$1,450,000
320 E Irving Park Road, Wood Dale, IL 60191
COMMERCIAL - Wood Dale, IL
Property Size10,000 SF
Lot Size0.34 Acres
Price / SF$145
Days on Market367
Property Features for 320 E Irving Park Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Rte 83 North to Irving Park Rd west
Subdivision
Wood Dale
Standard status
Active
APN
0315201022
Size
10,000 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
13107
Utilities
Cooling system
Central Air
Building Details
Year built
1988
Floors in Building
3
Number of units
6
Building materials
Brick, Stone
Listing Agency:
Kale Realty
(312) 939-5253
Listed By:
James Qiu · License #475199248
(312) 939-5253
Added: Jul 29, 2025
Changed: Apr 15
Last Checked: Jul 30 at 4:06PM
MLS# 12432576
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.
This property, located in Wood Dale, IL, features a three-story design with elevator access. The building offers approximately 10,000 square feet of space on a 0.3444-acre lot. The property includes a 3,000-square-foot penthouse residence with two bedroom suites, three full bathrooms, and dual fireplaces. The second floor provides a 3,000-square-foot corporate office space with four private executive offices, a conference area, and a reception space. The ground level includes three additional offices, a drive-in garage/warehouse facility, and a private bathroom. The property is zoned COMMR and is suitable for commercial real estate, live-work space, mixed-use, office, warehouse, industrial, and residential income purposes.
Key Highlights
- Expansive ~10,000 sq ft property blending luxury living and executive functionality.
- 3,000 sq ft penthouse residence with 2 bedroom suites, 3 full bathrooms, and dual fireplaces.
- 3,000 sq ft second‑floor corporate sanctuary with 4 executive offices and a conference area.
Financial Insights For Apartment 5plus
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 | $226.8k | $22.68 |
| − Vacancy | −$15.9k | −$1.59 |
| EGI | $210.9k | $21.09 |
| − OpEx | −$94.9k | −$9.49 |
| NOI | $116.0k | $11.60 |
10,000 SF · lease $22.68/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Mixed Use
$2.41M
$2.11M – $2.81M
NOI $168,750 @ 7.0% cap · market cap 11.64%
Second Best
Office B
$1.97M
$1.72M – $2.30M
NOI $137,884 @ 7.0% cap · market cap 9.51%
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,678 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 60191, IL
14,456
Population
5,516
Households
2.6
Avg Household Size
44
Median Age
25%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
2,780
Density / Sq Mi
$90,299
Median Household Income
$44,817
Median Earnings
$1,649
Median Rent
$307,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Unique live-work property featuring a penthouse, office, and warehouse.
Where is this live-work space located?
The property is located at 320 E Irving Park Road Wood Dale, IL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Expansive ~10,000 sq ft property blending luxury living and executive functionality.; 3,000 sq ft penthouse residence with **2 bedroom suites, 3 full bathrooms, and dual fireplaces.**; 3,000 sq ft second‑floor corporate sanctuary with **4 executive offices and a conference area.**
