Ogden Avenue Multi-Use
For Sale
Contact for pricing
1406 Ogden Avenue, Downers Grove, IL 60515
Downers Grove property with multiple buildings and redevelopment potential.
Property Size12,000 SF
Lot Size1.00 Acre
Price / SF$195.83
Days on Market155
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 Agency:
CENTURY 21 Circle
Listed By:
Mark Ahmad · License #IL 471007186
(773) 983-1553
Source:
Crexi
Added: May 15
Changed: Oct 3
Last Checked: Oct 16 at 7:03AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in DuPage County on Ogden Avenue at Venard Road, this property is situated in a retail corridor and business district near major tenants and car dealerships. The site includes over an acre of land and approximately 12,000 square feet of buildings, comprising five buildings with three tenants. Ample parking is available at the rear and sides of the property. There is a drive-through possibility. The site offers additional value through improvements to the existing income-producing buildings or redevelopment for franchises and other uses, including shopping centers. The property benefits from street presence and exposure, with easy access to major roads and proximity to interstates. Nearby villages and towns include Naperville, Westmont, Lombard, Villa Park, Woodridge, Hinsdale, Burr Ridge, Lisle, and Wheaton. The property is suitable for multiple uses.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,562
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,331,240
$3.3M
Cap Rate 7%
$2,379,457
$2.4M
Cap Rate 9%
$1,850,689
$1.9M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$259.2K $21.60/SF
− Vacancy
−$21.3K −$1.77/SF
EGI
$237.9K $19.83/SF
− OpEx
−$71.4K −$5.95/SF
NOI
$166.6K $13.88/SF
Area
DuPage County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,331,240
Cap Rate 7%
$2,379,457
Cap Rate 9%
$1,850,689
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.
How Realmo checks its estimates
Property Analytics
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Current Use
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?
Retail property - Downers Grove property with multiple buildings and redevelopment potential.
Where is this retail property located?
The property is located at 1406 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: 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.
