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Downers Grove Office Building For Sale
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1001 W 31st St, Downers Grove, IL 60515

47,384 SF office building with available space.

Property Size47,384 SF
Days on Market272

Property Features for 1001 W 31st St

General Information

Standard status Active
Size 47,384 SF
Class B
Property subtype Office

Building Details

Building Size 47,384 SF
Year Built 1981
Listing Agency:
Listed By: Dan O'Neill
Source: Naiglobal
Added: Nov 21, 2025 Changed: Aug 19 Last Checked: Aug 20 at 6:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dan O'Neill

Investment Insights

Based on property information with market context.

This is a 47,384 square foot office building for sale. The 3-story building includes a lower level. The property is zoned O-R (Office-Research). A 22,707 square foot space on the 2nd floor is available. The building is located immediately off the Highland Avenue exit of I-88, approximately one-quarter mile away. It is also in close proximity to the Butterfield Road exit on I-355, one mile east, within the Butterfield Road Corridor.

Key Highlights

  • 47,384 SF Office building for sale.
  • 22,707 SF of office space available on the 2nd floor.
  • Strategically located immediately off I‑88 (Highland Avenue exit) and near I‑355 (Butterfield Road exit).

Property Analytics

Current Use

K A Steel Chemicals ... Metal Fabrication Plant Dealer Track Aftermarket ... Business Management Consultant Straight North Marketing & Advertising Focus Equity Partners, ... Financial Advisor FieldSource Construction General Contractor

Suggested Use

Top Pick Auto Repair Shop Storage Facility Grocery & Convenience Store Nail Salon Veterinary Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,236
Businesses Nearby

Demographics for 60515, IL

29,278
Population
12,443
Households
2.4
Avg Household Size
43
Median Age
61%
College-Educated
98%
High-School Grad
11.8 sq mi
ZIP Area
2,481
Density / Sq Mi
$121,358
Median Household Income
$69,341
Median Earnings
$1,563
Median Rent
$453,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - 47,384 SF office building with available space.
Where is this office building located?
The property is located at 1001 W 31st St Downers Grove, IL.
What are key features of this property?
This property features: 47,384 SF Office building for sale.; 22,707 SF of office space available on the 2nd floor.; Strategically located immediately off I‑88 (Highland Avenue exit) and near I‑355 (Butterfield Road exit).
More about this property
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