Office Condominium with Private
For Sale
$600,000
5151 Mochel Drive Ste. 201 Downers, Downers Grove, IL 60515
Professional suite with reception, private offices, open workspace, conference room, and staff breakroom.
Property Size29,700 SF
Price / SF$289
Days on Market154
Property Features for 5151 Mochel Drive Ste. 201 Downers
General Information
Standard status
Active
Size
29,700 SF
Class
B
Property subtype
Multi Tenant Office
Building Details
Building Size
29,700 SF
Year Built
2009
Listing Agency:
Jameson Commercial
Listed By:
Rick Gardella · License #476360367
(312) 335-5355
Source:
Thebrokerlist
Added: May 7
Changed: Sep 10
Last Checked: Oct 5 at 3:07PM
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 Jameson Commercial
Investment Insights
Based on property information with market context.
This office condominium provides approximately 2,069 square feet of organized workspace within a building constructed in 2009. The suite includes a reception and waiting area, three private offices, a general office area, a conference room, and a breakroom, creating a practical layout for professional operations. The property is suited to owner-users or investors seeking a dedicated office setting.
Located in downtown Downers Grove, the property is near restaurants, shops, services, and local amenities. A nearby municipal parking garage provides parking access for employees and visitors, while proximity to major transportation routes supports convenient connectivity throughout the area.
Located in downtown Downers Grove, the property is near restaurants, shops, services, and local amenities. A nearby municipal parking garage provides parking access for employees and visitors, while proximity to major transportation routes supports convenient connectivity throughout the area.
Key Highlights
- Approximately 2,069 square feet of office space
- Office condominium suitable for owner‑users or investors
- Built in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,528
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,560
$570.6K
Cap Rate 7%
$407,543
$407.5K
Cap Rate 9%
$316,978
$317.0K
Market Conditions
NOI Build-Up for 2,069 SF
Gross rent
$50.6K $24.48/SF
− Vacancy
−$12.6K −$6.10/SF
EGI
$38.0K $18.38/SF
− OpEx
−$9.5K −$4.60/SF
NOI
$28.5K $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%
$570,560
Cap Rate 7%
$407,543
Cap Rate 9%
$316,978
Alternative Uses
Best Use
Office B
$407.5K
$356.6K – $475.5K
NOI $28,528 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$714.3K
$625.0K – $833.4K
NOI $50,003 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 60515, IL
29,278
Population
12,443
Households
2.4
Avg Household Size
43
Median Age
61%
College-Educated
98%
High-School Grad
11.8 sq mi
ZIP Area
2,481
Density / Sq Mi
$121,358
Median Household Income
$69,341
Median Earnings
$1,563
Median Rent
$453,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional suite with reception, private offices, open workspace, conference room, and staff breakroom.
Where is this office units located?
The property is located at 5151 Mochel Drive Ste. 201 Downers Downers Grove, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Approximately 2,069 square feet of office space; Office condominium suitable for owner‑users or investors; Built in 2009
