Three-Unit Brick Office
1041 Bonaventure Drive, Elk Grove Village, IL 60007
For Sale
$999,000
Commercial Sale, Elk Grove Village, IL
Property Size5,700 SF
Lot Size0.58 Acres
Price / SF$175.26
Days on Market56
Property Features for 1041 Bonaventure Drive
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Buildings
Listing Agency:
Berkshire Hathaway HomeServices American Heritage · Prudential Real Estate
(847) 364-6030
Listed By:
Rosanna DeFrenza · License #471019679
(847) 806-8336
Added: Sep 15
Changed: Oct 23
Last Checked: Nov 9 at 9:06AM
MLS# 12757397
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.
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Investment Insights
Based on property information with market context.
This 5,700-square-foot brick office building contains three units on a 0.58-acre site. One unit underwent full demolition, while the other two received remodeling work. Improvements include new flooring, paint, plumbing, electrical components, insulation, fire alarm updates, LED lighting and fixtures, plus three remodeled full bathrooms. A full kitchen with new appliances was also installed. The property was built in 1990 and features zoned central air.
Two units are currently rented, and the remaining unit may be leased or occupied by an owner. Site work includes a resurfaced parking lot and new fencing. The property offers access to I-290 and I-390 and carries OFFIC zoning.
Two units are currently rented, and the remaining unit may be leased or occupied by an owner. Site work includes a resurfaced parking lot and new fencing. The property offers access to I-290 and I-390 and carries OFFIC zoning.
Key Highlights
- 5,700‑square‑foot brick office building with 3 units
- 0.58‑acre site with a resurfaced parking lot and new fence
- 2 units are rented; 1 unit is available for lease or owner occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,259
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,625,180
$1.6M
Cap Rate 7%
$1,160,843
$1.2M
Cap Rate 9%
$902,878
$902.9K
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$150.5K $26.40/SF
− Vacancy
−$42.1K −$7.39/SF
EGI
$108.3K $19.01/SF
− OpEx
−$27.1K −$4.75/SF
NOI
$81.3K $14.26/SF
Area
Cook County, IL
Vacancy
28.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,625,180
Cap Rate 7%
$1,160,843
Cap Rate 9%
$902,878
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.35M
NOI $81,259 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M
NOI $153,216 @ 7.0% cap · market cap 15.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
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Business Placement
Demographics for 60007, IL
33,670
Population
13,580
Households
2.5
Avg Household Size
45
Median Age
41%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
1,860
Density / Sq Mi
$95,240
Median Household Income
$54,762
Median Earnings
$1,574
Median Rent
$334,800
Median Home Value
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Market
Properties on Market for Office buildings in Cook County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Updated office property with two leased units and one available for lease or owner occupancy.
Where is this office building located?
The property is located at 1041 Bonaventure Drive Elk Grove Village, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 5,700‑square‑foot brick office building with 3 units; 0.58‑acre site with a resurfaced parking lot and new fence; 2 units are rented; 1 unit is available for lease or owner occupancy
