Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    320 E Irving Park Rd Wood Dale, IL 60191

    View on Map
    Sponsored
    For Sale
    $1,450,000

    COMMERCIAL - Wood Dale, IL

    Property size:
    10,000 SF
    Lot size:
    0.34 Acres
    Days on Market:
    94
    Last Refresh:
    Mar 16 at 2:06 am

    Property Features for 320 E Irving Park Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    0315201022
    Size
    10,000 SF
    Lot size
    0.34 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Floors in Building
    3
    Number of units
    6
    Building materials
    Brick, Stone

    We can help!

    Listing Contact
    James Qiu

    Kale Realty (312) 939-5253

    Listing agent James Qiu (312) 825-8448

    Listing date Dec 12, 2025

    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.

    Learn more

    Property Insight Report

    Overview

    Live-Work Compound with Penthouse Residence

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trusty Warns Inc Hardware & Home Improvement White Eagle Carrier ... Trucking Company NOJ Fire-Safe & Chimney ... Building Supply

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Wood Dale
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9688558
    Latitude
    41.9617337

    Nearby Similar for Sale

    • New
      $509,500
      2,727 SF

      Mixed-Use Building in Town Center

      2727 sq ft mixed-use building with office, apartment, garage.
      138 W Irving Park Rd, Wood Dale, IL 60191
      View Details
    • $475,000
      0.28 Acres

      Versatile Commercial Property in Wood Dale

      Income-producing commercial property with storefront, apartment, and rental opportunities.
      310 W Irving Park Rd, Wood Dale, IL 60191
      View Details
    • $1,450,000
      0.33 Acres

      Commercial Property in Wood Dale

      Commercial property suitable for owner-users or investors in Wood Dale.
      341-345 E Potter St, Wood Dale, IL 60191
      View Details
    • $1,400,000
      0.18 Acres

      Commercial Property in Wood Dale

      Commercial property suitable for owner-users or investors.
      354 W Irving Park Rd, Wood Dale, IL 60191
      View Details
    • Contact for pricing

      Wood Dale Flex Space Available

      Flex space with warehouse and office components available for sale.
      1400 Mittel Blvd, Wood Dale, IL 60191
      View Details
    • Contact for pricing
      13,600 SF

      High-End Itasca Office Space

      13,600 SF Office/Retail, Excellent Condition
      125 Prospect Ave, Wood Dale, IL 60143
      View Details
    • Contact for pricing
      119,985 SF

      Industrial Warehouse Space Available 2025

      Industrial warehouse space with heavy power, available Q1 2025.
      901 Mittel Dr, Wood Dale, IL 60191
      View Details
    • Contact for pricing
      7,000 SF

      Wood Dale Office Building

      7,000 SF office building for sale in Wood Dale.
      300 E Irving Park Rd, Wood Dale, IL 60191
      View Details

    FAQs

    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 Rd 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.**
    (312) 825-8448
    Request Owner's contact information
    320 E Irving Park Rd Wood Dale, IL 60191
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    320 E Irving Park Rd
    Wood Dale, IL 60191
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    320 E Irving Park Rd Wood Dale, IL 60191
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    James Qiu
    Real Estate License ID: 475199248
    (312) 825-8448 (312) 939-5253 (312) 532-1843
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!