1406 Ogden Avenue Downers Grove, IL 60515
Downers Grove property with multiple buildings and redevelopment potential.
- Added:
- May 15, 2026
- Days on Market:
- 59
- Last Refresh:
- Jul 2 at 8:32 am
Property Features for 1406 Ogden Avenue
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 1.00 Acre
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1968
Listing office CENTURY 21 Circle (773) 983-1553
Listing date May 15, 2026
Source Crexi
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
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location on Ogden Ave. in a high‑traffic retail and business corridor.
- Substantial 1+ acre property with approximately 12,000 sq. ft. of buildings.
- Multiple income‑producing buildings with 3 existing tenants.
Local 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 |
