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    Property profile & analytics

    5330 Main St Downers Grove, IL 60515-4813

    • Banks
    • 7,024 SF
    • 0.82 lot acres
    OFF-MARKET
    Last Sale
    Mar 31, 2023
    $2,200,000
    Value Estimations
    $2,025,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2680846
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ATM (West Suburban Bank) / Atm
    • Plymouth Title Guaranty Corporation / Insurance Company / Title Company
    • Old Second National Bank (O2 Express Lanes Only) / Atm / Bank
    • Camden Law Office LLC / Attorney
    • White & White / Family Law Attorney / Insurance Attorney

    Property Details for 5330 Main St

    Year built
    1989
    Lot size
    0.82 lot acres
    Property size
    7,024 SF
    Zone code
    A
    Property type
    Banks
    APN
    09-08-313-053
    APU
    908313053

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,955,000
      ML approach
      $1,855,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,243,000
      Market price range: $1.49M - $3.12M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $2,280,000
      Current use
      AUTO REPAIR, GARAGE
      $2,485,000
      Change: +9% Conversion: Difficult
      RESTAURANT
      $2,185,000
      Change: -4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0104
    Latitude
    41.7905
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,808
    $451,960
    $20,560
    $472,520
    -
    $1,355,880
    $61,680
    $1,417,560

    Comparable in this City

    • Value Estimation
      $590,000
      14,919 SF

      5140 Main St

      FINANCIAL BUILDING • 14,919 SF
      5140 Main St, Downers Grove, IL 60515-4610
      View Details
    • Value Estimation
      $300,000
      3,978 SF

      535 Ogden Ave

      FINANCIAL BUILDING • 3,978 SF
      535 Ogden Ave, Downers Grove, IL 60515-3027
      View Details
    • Value Estimation
      $240,000
      3,237 SF

      5134 Main St

      FINANCIAL BUILDING • 3,237 SF
      5134 Main St, Downers Grove, IL 60515-4601
      View Details
    • Value Estimation
      $1,360,000
      0.23 Acres

      714 Ogden Ave

      FINANCIAL BUILDING • 0.23 Acres
      714 Ogden Ave, Downers Grove, IL 60515-2901
      View Details
    • Value Estimation
      $235,000
      0.20 Acres

      413 Ogden Ave

      FINANCIAL BUILDING • 0.20 Acres
      413 Ogden Ave, Downers Grove, IL 60515-3066
      View Details
    • Value Estimation
      $1,395,000
      7,069 SF

      716 Ogden Ave

      FINANCIAL BUILDING • 7,069 SF
      716 Ogden Ave, Downers Grove, IL 60515
      View Details

    Similar Nearby for Sale

    • $799,000
      1,852 SF

      Retail Property Near I-88/I-355

      1,852 SF retail property in Downers Grove, Illinois for sale.
      1227 Ogden Ave, Downers Grove, IL 60515
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    • $1,400,000
      0.40 Acres

      Downers Grove Commercial Opportunity

      Drive-thru restaurant and strip center for sale in Downers Grove.
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    • $2,500,000
      1.00 Acre

      Downers Grove Commercial Property

      Multiple-use property in a high-traffic retail corridor.
      1340 Ogden Ave, Downers Grove, IL 60515
      View Details
    • $2,500,000
      1.00 Acre

      Downers Grove Commercial Property

      Multiple-use property in a high-traffic retail corridor.
      1340 Ogden Ave, Downers Grove, IL 60515
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    • $4,900,000
      1.55 Acres

      Ogden Avenue Automotive Property

      Automotive property in Downers Grove's West Ogden Avenue Corridor.
      1804 Ogden Ave, Downers Grove, IL 60515
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    • $1,150,000

      Ogden Ave Commercial Land - Downers Grove

      Prime Downers Grove commercial lot, high traffic.
      709 Ogden Ave, Downers Grove, IL 60515
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      4,020 SF

      Retail Space on Ogden Avenue

      Retail property for lease with high traffic and income.
      1229 Ogden Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      2,300 SF

      Retail Space on Ogden Avenue

      Retail space available on busy Ogden Avenue with high visibility.
      1105-1117 Ogden Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      10,880 SF

      Former Pharmacy Retail Space Available

      Retail space in Downers Grove with high traffic volume.
      400 Ogden Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space Near Interstate 355

      Retail space with high visibility and ample parking available for rent.
      2930-2970 Finley Rd, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      9,130 SF

      Downtown Downers Grove Office Space

      Historic Landmark, 4,655 SF Available
      5133 Main St, Downers Grove, IL 60515
      View Details
    • Contact for pricing

      Downers Grove Commercial Space Available

      Commercial space with drive-through, existing infrastructure, and ample power.
      440 Ogden Ave, Downers Grove, IL 60515
      View Details
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    5330 Main St
    Downers Grove, IL 60515-4813
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    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
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