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    500 Pennsylvania Ave Glen Ellyn, IL 60137

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    For Sale
    Contact for pricing

    Office building in Glen Ellyn, suitable for investors or owner-users.

    Property size:
    8,086 SF
    Lot size:
    0.25 Acres

    Property Features for 500 Pennsylvania Ave

    General Information

    Size
    8,086 SF
    Lot size
    0.25 Acres

    Source: CRE Advising Agent Steve Horvath

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

    Overview

    Glen Ellyn Office Building

    Located in Glen Ellyn, Illinois, this office building offers opportunities for investors, owner-users, or potential redevelopment. Constructed in 1926, the main building previously served as Glen Ellyn's Village Hall until the early 1970s. The property is being sold as-is. One tenant remains with a lease expiring on March 31, 2026. The building has a total area of 8086 square feet. The 2024 taxes are $23,500.00.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Ellyn
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0674641
    Latitude
    41.8767995

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    FAQs

    What type of property is this?
    Office building - Office building in Glen Ellyn, suitable for investors or owner-users.
    Where is this office building located?
    The property is located at 500 Pennsylvania Ave Glen Ellyn, IL.
    What are key features of this property?
    This property features: - Opportunity for investor, owner-user, or redevelopment.; - Located in Glen Ellyn, a desirable Chicago suburb.; - Historical significance: Formerly Glen Ellyn's Village Hall.
    (312) 448-6401
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    500 Pennsylvania Ave Glen Ellyn, IL 60137
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    Glen Ellyn, IL 60137
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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
    500 Pennsylvania Ave Glen Ellyn, IL 60137
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