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    240 West Ave Elmhurst, IL 60126

    For Sale
    $745,000

    Prime Elmhurst location, high rental potential. Three-level office building.

    Property size:
    2,112 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 2,112 square foot office building, situated on a 0.31-acre lot at 240 N West Avenue in Elmhurst, IL, presents a compelling investment opportunity. Its prime location offers excellent visibility and convenient access to major highways and intersections. The property boasts a private front parking lot with ample space for 12 vehicles, ensuring convenient parking for tenants and visitors. The building is comprised of three distinct rental levels, each offering unique spaces. The first floor features a welcoming front lobby leading to a large main office, three additional spacious individual offices, each with its own private bathroom, and a convenient kitchenette area with microwave and refrigerator. The second floor provides a substantial front office space and two more private offices. The lower level also includes a large front room and a separate private office. This well-maintained building offers significant potential for rental income generation, making it an attractive investment in a highly desirable Elmhurst location. The property's excellent visibility and convenient access to major transportation routes further enhance its appeal. This is a rare opportunity to acquire a well-positioned, multi-unit office building with strong income potential. The property is priced at $745,000.

    Property Features for 240 West Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,112 SF
    Lot Size
    13,504 SF

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Miller Marketing Group ... Marketing Consultant Elmhurst Independent-Friendly Newspaper Publisher Quest Publishing Publisher

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    DuPage
    State
    Illinois
    Longitude
    -87.95947
    Latitude
    41.9043

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Elmhurst location, high rental potential. Three-level office building.
    Where is this office property / space located?
    The property is located at 240 West Ave Elmhurst, IL.
    What is the asking price?
    The asking price for this property is $745,000.
    (630) 530-0900
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    240 West Ave Elmhurst, IL 60126
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    Elmhurst, IL 60126
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    Realmo Value Estimation

    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.

    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.

    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
    240 West Ave Elmhurst, IL 60126
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