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    1020 31St St Downers Grove, IL 60515

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    For Lease
    $14 SF/Yr ($3,111 /Mo)

    Office space for rent in Downers Grove, Illinois.

    Property size:
    2,531 SF
    Lot size:
    11.66 Acres

    Property Features for 1020 31St St

    General Information

    Size
    2,531 SF
    Lot size
    11.66 Acres

    Source: CBRE | Chicago Agent Jeffrey Mann

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

    Overview

    Downers Grove Office Space Available

    This office space is located in an award-winning building and offers an efficient floor plan. The property provides convenient access and visible signage opportunities. On-site staff are responsive. The landlord is well capitalized. The property contains 2531 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Elliotts' Off Broadway ... Sandwich Shop AECOM Engineering Consultant Loyola University Chicago ... Nursing School HCSC Downers Grove Insurance Agency Highland Oaks II Industrial Building

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0126789
    Latitude
    41.8319217

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    FAQs

    What type of property is this?
    Office space - Office space for rent in Downers Grove, Illinois.
    Where is this office space located?
    The property is located at 1020 31St St Downers Grove, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Award winning building; - Excellent value; - Efficient floor plan
    (312) 935-1400
    Request Owner's contact information
    1020 31St St Downers Grove, IL 60515
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    Downers Grove, IL 60515
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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
    1020 31St St Downers Grove, IL 60515
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