Sign Up Successful!
You now have access to more from Realmo!
    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

    301 Cass Ave Westmont, IL 60559

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,100,000

    High-visibility building, ample parking, prime location.

    Property size:
    2,450 SF

    Property Features for 301 Cass Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,450 SF

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Shannon Hormanski

    Listing Agency: Baird & Warner Listing Agent: Shannon Hormanski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property, located at 301 N Cass Avenue in the heart of Westmont, Illinois, presents a truly unique investment opportunity. The 2,450 square foot freestanding building boasts unparalleled visibility at the highly trafficked intersection of Cass Avenue and Naperville Road. Its strategic location offers easy access from both major thoroughfares, ensuring maximum exposure for any business. The property's proximity to the Westmont Metra Train Station and Ogden Avenue provides exceptional convenience for employees and customers alike. A significant advantage is the inclusion of a private parking lot, providing ample parking spaces for tenants and visitors. This is a rare opportunity to acquire a prominent commercial building in a thriving downtown area with excellent accessibility and high visibility. The building's prime location and convenient amenities make it an ideal choice for a variety of businesses seeking a strong presence in the Westmont market. The asking price is $1,100,000. Serious inquiries only. The property is zoned for commercial use. Further details are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardtronics Atm Amazon Hub Locker ... Postal Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Westmont
    County
    DuPage
    State
    Illinois
    Longitude
    -87.97513
    Latitude
    41.80289

    Nearby Similar for Sale

    • $1,300,000
      1.03 Acres

      Westmont Restaurant & Bar For Sale

      Turn-key restaurant and bar with beer garden in Westmont, IL.
      6010 S Cass Ave, Westmont, IL 60559
      View Details
    • Contact for pricing
      3,533 SF

      Westmont Urgent Care Investment Opportunity

      Long-term net lease with annual rental increases in Westmont, IL.
      6320 S Cass Ave, Westmont, IL 60559
      View Details
    • Contact for pricing
      74,279 SF

      Four-Story Office Building Near Route 83

      74,279 square foot office building with recent renovations.
      900 Oakmont Ln, Westmont, IL 60559
      View Details
    • Contact for pricing
      117,841 SF

      Class A Office Building

      Six-story Class A office building with renovated amenities in Westmont, Illinois.
      999 Oakmont Plaza Dr, Westmont, IL 60559
      View Details
    • $1,525,200
      15,252 SF

      Versatile Office/Flex Building in Chicago

      15,252 SF office/flex building on 1.01-acre site.
      735 N Cass Ave, Westmont, IL 60559
      View Details
    • Contact for pricing
      59,904 SF

      Westmont Multi-Tenant Office Complex

      Three-building office complex with remodeled units and ample parking.
      825 N Cass Ave, Westmont, IL 60559
      View Details
    • Contact for pricing
      128,089 SF

      Westmont Multi-Tenant Industrial Complex

      Four-building complex with 14' clear height and convenient highway access.
      756-816 Burr Oak Dr, Westmont, IL 60559
      View Details
    • Contact for pricing
      110,294 SF

      Single-Story Office Park For Sale

      Four-building office park with private entrances and tenant-controlled HVAC.
      740-770 Pasquinelli Dr, Westmont, IL 60559
      View Details
    • Contact for pricing
      50,114 SF

      Westmont Office/Medical Space Available

      Office and medical space available for lease in Westmont.
      801 N Cass Ave, Westmont, IL 60559
      View Details
    • Contact for pricing
      92,500 SF

      Westmont Flex / Industrial Building

      92,500 SF multi-tenant flex/industrial building for sale.
      2-44 Plaza Dr, Westmont, IL 60559
      View Details
    • $168,000
      714 SF

      Westmont Office Suite - Great Location

      Updated Office, Prime Westmont Location
      414 Plaza Dr, Westmont, IL 60559
      View Details
    • $1,600,000
      9,256 SF

      Westmont Commercial Building - Prime Location

      Former bank, high-traffic area, remodel started. Huge potential!
      6125 Cass Ave, Westmont, IL 60559
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-visibility building, ample parking, prime location.
    Where is this commercial real estate located?
    The property is located at 301 Cass Ave Westmont, IL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (630) 964-1855
    Request Owner's contact information
    301 Cass Ave Westmont, IL 60559
    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.
    301 Cass Ave
    Westmont, IL 60559
    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
    301 Cass Ave Westmont, IL 60559
    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
    Shannon Hormanski
    (630) 964-1855
    Learn more
    Google sign-in failed. Please try again or use another login method.