Five-Building Mixed-Use
For Sale
$2,350,000
1340 Ogden Ave, Downers Grove, IL 60515
Multi-tenant commercial site with parking, established retail surroundings, and potential for drive-through development.
Property Size12,000 SF
Price / SF$195.83
Days on Market51
Property Features for 1340 Ogden Ave
General Information
Standard status
Active
Size
12,000 SF
Additional Details
Road Access
Yes
Land Use
mixed-use
Building Details
Year Built
1968
Buildings
5
Tenancy
Multi
Listing Agency:
Century 21 Circle
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Source:
Liveliferealty
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 7 at 2:35PM
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 Century 21 Circle
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Investment Insights
Based on property information with market context.
This mixed-use property at 1340 Ogden Ave. includes approximately 12,000 square feet across five buildings constructed in 1968. Three tenants occupy the existing structures, with parking positioned along the rear and sides of the site. The property offers a combination of building improvements and land that can support continued commercial use or future redevelopment, subject to applicable approvals.
The site is located at Ogden Ave. and Venard Rd. in DuPage County, within a retail corridor and business district that includes major tenants and car dealerships. It has access to major roads and is a short distance from interstate routes. Nearby communities include Naperville, Westmont, Lombard, Villa Park, Woodridge, Hinsdale, Burr Ridge, Lisle, and Wheaton.
The site is located at Ogden Ave. and Venard Rd. in DuPage County, within a retail corridor and business district that includes major tenants and car dealerships. It has access to major roads and is a short distance from interstate routes. Nearby communities include Naperville, Westmont, Lombard, Villa Park, Woodridge, Hinsdale, Burr Ridge, Lisle, and Wheaton.
Key Highlights
- Approximately 12,000 square feet across 5 buildings
- 3 existing tenants occupy the property
- More than 1 acre of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,500
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,050,000
$4.1M
Cap Rate 7%
$2,892,857
$2.9M
Cap Rate 9%
$2,250,000
$2.3M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$360.0K $30.00/SF
− Vacancy
−$36.0K −$3.00/SF
EGI
$324.0K $27.00/SF
− OpEx
−$121.5K −$10.13/SF
NOI
$202.5K $16.88/SF
Area
DuPage County, IL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,050,000
Cap Rate 7%
$2,892,857
Cap Rate 9%
$2,250,000
Alternative Uses
Best Use
Mixed Use
$2.89M
$2.53M – $3.38M
NOI $202,500 @ 7.0% cap · market cap 8.62%
Second Best
Retail
$2.38M
$2.08M – $2.78M
NOI $166,562 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$4.14M
$3.63M – $4.83M
NOI $290,014 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
159k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 36%
Groceries 24%
Jewel-Osco
Groceries
38,412 visits/mo
0.3 miles
Delta Sonic Car Wash
Shops & Services
24,282 visits/mo
0.1 miles
BP
Shops & Services
16,980 visits/mo
0.4 miles
Starbucks
Dining
12,325 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
9,823 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-tenant commercial site with parking, established retail surroundings, and potential for drive-through development.
Where is this mixed-use property located?
The property is located at 1340 Ogden Ave Downers Grove, IL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Approximately 12,000 square feet across 5 buildings; 3 existing tenants occupy the property; More than 1 acre of land
