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    4945 Forest Ave Downers Grove, IL 60515

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    For Sale
    $475,000

    Former veterinary office with apartment, ideal for redevelopment.

    Property size:
    2,426 SF
    Lot size:
    0.20 Acres

    Property Features for 4945 Forest Ave

    General Information

    Size
    2,426 SF
    Lot size
    0.20 Acres

    Source: Cawley Chicago Agent Rawly Lantz, SIOR

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

    Overview

    Redevelopment Opportunity in Downers Grove

    This property presents an owner/user redevelopment opportunity. The building previously served as a veterinary office and includes a second-floor apartment. The property size is 2426 square feet and is located on Forest Ave in Downers Grove, IL.
    Insight Report Location Intelligence

    Current Use by Public Records

    Leslie A Masood MD Neurologist Advanced Headache & NeuroCare ... Medical Clinic Dr. Penny Bowes, ... Veterinarian Murnighan Jim DVM Veterinarian

    Suggested Use

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

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

    Similar Places Nearby

    Downers Grove Animal Hospital, All Creatures Great & Small Veterinary Practice, Dr. Penny Bowes, D.V.M., Murnighan Jim DVM, PAWSitively Balanced, Ltd.

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0114616
    Latitude
    41.7968005

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    FAQs

    What type of property is this?
    Medical office - Former veterinary office with apartment, ideal for redevelopment.
    Where is this medical office located?
    The property is located at 4945 Forest Ave Downers Grove, IL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Redevelopment opportunity; - Owner/user potential; - Former veterinary office, offering a unique layout
    (630) 886-3069
    Request Owner's contact information
    4945 Forest Ave 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
    4945 Forest Ave Downers Grove, IL 60515
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