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

    650 E Van Buren Street Villa Park, IL 60181

    View on Map
    Claim this Listing
    For Sale
    $224,900

    LAND - Villa Park, IL

    Lot size:
    0.95 Acres
    Added:
    Sep 12, 2024
    Days on Market:
    598
    Last Refresh:
    May 2 at 3:06 pm

    Property Features for 650 E Van Buren Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SINGL
    Standard status
    Active
    APN
    0615201024
    Lot size
    0.95 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4649

    Utilities

    Heating system
    Natural Gas
    Water front
    1

    We can help!

    Listing Contact
    Paul Baker
    Paul Baker

    Listing agent Paul Baker License #475122211

    Listing office Platinum Partners Realtors 123 W. St. Charles Road #100, Downers Grove, IL

    Listing date Sep 12, 2024

    MLS# 12151929 Listing URL

    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.

    Overview

    Villa Park Premium Lot

    This premium lot, sized at 100' x 435', is available for sale or a "build to suit" new construction project with a Lombard/Glen Ellyn builder. Plans are available for a 3,972 square foot home, or a 6,000 square foot home with a finished basement. The property offers space for a pool, a multiple-car detached garage, and a sports court. The lot is adjacent to other new construction and is located a few blocks from the school, shopping, golf courses, and the Villa Park Metra station. The property is located in Villa Park, Illinois, in DuPage County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Villa Park
    County
    DuPage
    State
    Illinois
    Longitude
    -87.962476
    Latitude
    41.870512

    Nearby Similar for Sale

    • $999,000

      Villa Park Vacant Land Site

      1.518 acre vacant land with 600 feet frontage.
      18W570 W North Avenue, Villa Park, IL 60181
      View Details
    • $535,000

      Villa Park Mixed-Use Building

      Mixed-use building in Villa Park's expanding downtown area.
      25 S Villa Avenue, Villa Park, IL 60181
      View Details
    • $300,000

      Villa Park Vacant Lot

      Large lot suitable for industrial use or build-to-suit opportunity.
      204 E HILL Street, Villa Park, IL 60181
      View Details
    • $1,295,000
      1,700 SF

      Established Restaurant with Gaming

      Turnkey restaurant with liquor license, ATM, and gaming.
      750 N Addison Rd, Villa Park, IL 60181
      View Details
    • $160,000

      Residential Lot in Villa Park

      Residential lot for sale in a prime Villa Park location.
      800 Block S Harvard Avenue, Villa Park, IL 60181
      View Details
    • $950,000

      MULTI_FAMILY - Villa Park, IL

      528 N Ardmore Avenue, Villa Park, IL 60181
      View Details
    • $520,000
      3,738 SF

      Villa Park Industrial Building

      Leased industrial building in Villa Park, Illinois.
      111 W Home Ave, Villa Park, IL
      View Details
    • Contact for pricing
      3,600 SF

      Villa Park Warehouse with Parking

      Warehouse with fenced lot, trailer parking, and drive-in doors.
      950 N Villa Ave, Villa Park, IL
      View Details
    • $795,000
      10,200 SF

      Renovated Office Building For Sale

      Freestanding, renovated office building with redevelopment potential in Villa Park.
      707 N Iowa Ave, Villa Park, IL 60181
      View Details
    • Contact for pricing
      34,200 SF

      Secured Lot Warehouse For Sale

      34,200 SF warehouse with fenced lot and trailer parking.
      1000 N Villa Ave, Villa Park, IL
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Premium lot near school, shopping, and golf.
    Where is this residential land & home lot located?
    The property is located at 650 E Van Buren Street Villa Park, IL.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: Premium lot on a pond, ideal for custom build.; Large lot size (100' x 435') offering space for a pool, detached garage, and sports court.; Option for 'build to suit' new construction with Lombard/Glen Ellyn builder.
    (630) 435-3500
    We can help!
    Listing Contact
    Paul Baker
    Paul Baker
    Real Estate License ID: 475122211
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    650 E Van Buren Street, Villa Park, IL 60181

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!