Renovated Multi-Elevator Office
For Sale
Contact for pricing
Pending
739 E North Ave, Glendale Heights, IL 60139
Renovated 14,500 SF office building with a stone facade, custom staircase, and three elevators.
Property Size14,500 SF
Days on Market901
Property Features for 739 E North Ave
General Information
Standard status
Pending
Size
14,500 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Amenities
custom staircase
3 elevators
zoned heating & cooling
crown molding
Building Details
Construction
stone facade
Listing Agency:
SVN | Chicago - Corporate
(312) 676-1866
Listed By:
Lina Adamis
(224) 723-2528
Source:
Moodyscre
Added: May 18, 2024
Changed: Nov 3
Last Checked: Nov 3 at 10:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Chicago - Corporate
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Investment Insights
Based on property information with market context.
This renovated office building totals 14,500 square feet and features a lavish stone facade, custom staircase, and crown molding. Interior improvements include zoned heating and cooling, along with three elevators.
The property is located on a busy corridor in Glendale Heights, within DuPage County. Public remarks also note low property taxes.
The building’s elevator and zoned HVAC configuration support efficient vertical circulation and temperature control across the office space.
The property is located on a busy corridor in Glendale Heights, within DuPage County. Public remarks also note low property taxes.
The building’s elevator and zoned HVAC configuration support efficient vertical circulation and temperature control across the office space.
Key Highlights
- Renovated 14,500 SF office building at 739 North Avenue in Glendale Heights
- Lavish stone facade and renovated interior and exterior
- Custom staircase and crown molding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,931
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,998,620
$4.0M
Cap Rate 7%
$2,856,157
$2.9M
Cap Rate 9%
$2,221,456
$2.2M
Market Conditions
NOI Build-Up for 14,500 SF
Gross rent
$355.0K $24.48/SF
− Vacancy
−$88.4K −$6.10/SF
EGI
$266.6K $18.38/SF
− OpEx
−$66.6K −$4.60/SF
NOI
$199.9K $13.79/SF
Area
DuPage County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,998,620
Cap Rate 7%
$2,856,157
Cap Rate 9%
$2,221,456
Alternative Uses
Best Use
Office B
$2.86M
$2.50M – $3.33M
NOI $199,931 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.01M
$4.38M – $5.84M
NOI $350,433 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 60139, IL
33,196
Population
11,882
Households
2.8
Avg Household Size
36
Median Age
30%
College-Educated
83%
High-School Grad
5.5 sq mi
ZIP Area
6,036
Density / Sq Mi
$81,996
Median Household Income
$41,752
Median Earnings
$1,558
Median Rent
$249,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Renovated 14,500 SF office building with a stone facade, custom staircase, and three elevators.
Where is this office building located?
The property is located at 739 E North Ave Glendale Heights, IL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Renovated 14,500 SF office building at 739 North Avenue in Glendale Heights; Lavish stone facade and renovated interior and exterior; Custom staircase and crown molding
