Retail Strip Site with
For Sale
$2,350,000
1340 Ogden Avenue, Downers Grove, IL 60515
COMMERCIAL - Downers Grove, IL
Property Size12,000 SF
Lot Size1.00 Acres
Price / SF$195.83
Days on Market345
Property Features for 1340 Ogden Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Ogden Ave./Rt. 34 between Saratoga Ave. and Finely Rd Between Saratoga Ave. and Finely Rd. on major Ogden Ave./Rt 34
Subdivision
Downers Grove
Standard status
Active
APN
0906402011
Lot size
1.00 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
27000
Building Details
Year built
1968
Floors in Building
1
Listing Agency:
Century 21 Circle · Coldwell Banker Real Estate
(773) 465-4200
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Added: Aug 20, 2025
Changed: Jul 28
Last Checked: Jul 30 at 7:06PM
MLS# 12442909
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-building retail property at 1340 Ogden Avenue in Downers Grove, Illinois consists of five total buildings totaling approximately 12,000 square feet on an acre-plus site. The property is currently home to three different tenants and is supported by ample rear and side parking. A drive-through possibility is noted for the site.
The site is located on major and strategic Ogden Avenue at Venard Road within the retail corridor and business district, surrounded by many major tenants and car dealerships. Access is described as convenient to major roads, with a short distance to interstates.
Zoned COMMR, the listing notes an add-value opportunity through improving the existing income-producing buildings or redeveloping the site for franchises or other use, including shopping centers.
The site is located on major and strategic Ogden Avenue at Venard Road within the retail corridor and business district, surrounded by many major tenants and car dealerships. Access is described as convenient to major roads, with a short distance to interstates.
Zoned COMMR, the listing notes an add-value opportunity through improving the existing income-producing buildings or redeveloping the site for franchises or other use, including shopping centers.
Key Highlights
- Strategic location on Ogden Ave. in a high‑traffic retail and business corridor.
- Multiple use property with income‑producing buildings and redevelopment potential.
- Substantial land size: over an acre with approximately 12,000 sq. ft. of buildings.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $259.2k | $21.60 |
| − Vacancy | −$21.3k | −$1.77 |
| EGI | $237.9k | $19.83 |
| − OpEx | −$71.4k | −$5.95 |
| NOI | $166.6k | $13.88 |
12,000 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.38M
$2.08M – $2.78M
NOI $166,562 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
159k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walden Floral Design Co. — Downers Grove, IL 60515
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Frequently Asked Questions
What type of property is this?
Storefront property - Five-building retail site with three tenants and ample rear and side parking, offering drive-through possibility.
Where is this storefront property located?
The property is located at 1340 Ogden Avenue 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: Strategic location on Ogden Ave. in a high‑traffic retail and business corridor.; Multiple use property with income‑producing buildings and redevelopment potential.; Substantial land size: over an acre with approximately 12,000 sq. ft. of buildings.
