Mixed-Use Building with
For Sale
$649,900
1616 Ogden Ave, Lisle, IL 60532
Fully leased property combines ground-floor commercial suites, three apartments, dedicated parking, and recent building improvements.
Property Size4,830 SF
Lot Size0.23 Acres
Price / SF$134.55
Days on Market77
Property Features for 1616 Ogden Ave
General Information
Standard status
Active
Size
4,830 SF
Total Parking Spaces
14
Lot size
0.23 Acres
Occupancy
100%
Site & Location
Frontage
50 ft
Traffic Count
25,200 vehicles/day
Road Access
Yes
Additional Details
Multifamily Units
3
Amenities
onsite garage
Building Details
Year Built
1960
Buildings
1
Tenancy
Multi
Listing Agency:
HRE Real Estate Services
Listed By:
Nicholas Sellis
(773) 616-7362
Source:
Grandviewrealtyservices
Added: Jul 31
Changed: Oct 1
Last Checked: Oct 7 at 5:02PM
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 HRE Real Estate Services
Investment Insights
Based on property information with market context.
This mixed-use building combines two ground-floor commercial suites with three residential apartments above. All five units are leased, creating a fully occupied configuration with both commercial and residential tenancy. Apartment updates include newer flooring, refreshed bathrooms, and newer appliances. Major building work includes a roof completed 4 years ago, a boiler installed 3 years ago, and tuckpointing performed 5 years ago. An onsite garage provides additional storage or tenant-use capability.
The property occupies a 50' x 200' lot at 1616 Ogden Ave in Lisle, Illinois, with 50 feet of frontage along Ogden Avenue. Traffic volume is reported at 25,200 vehicles per day. Fourteen dedicated parking spaces serve the property, which is positioned within Lisle's commercial district near retail, service, and residential uses.
The property occupies a 50' x 200' lot at 1616 Ogden Ave in Lisle, Illinois, with 50 feet of frontage along Ogden Avenue. Traffic volume is reported at 25,200 vehicles per day. Fourteen dedicated parking spaces serve the property, which is positioned within Lisle's commercial district near retail, service, and residential uses.
Key Highlights
- Fully occupied with two commercial suites and three residential apartments
- 50' x 200' lot with 50 feet of Ogden Avenue frontage
- 25,200 vehicles per day along Ogden Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,032
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,640
$1.1M
Cap Rate 7%
$800,457
$800.5K
Cap Rate 9%
$622,578
$622.6K
Market Conditions
NOI Build-Up for 4,830 SF
Gross rent
$109.5K $22.68/SF
− Vacancy
−$7.7K −$1.59/SF
EGI
$101.9K $21.09/SF
− OpEx
−$45.8K −$9.49/SF
NOI
$56.0K $11.60/SF
Area
DuPage County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,640
Cap Rate 7%
$800,457
Cap Rate 9%
$622,578
Alternative Uses
Best Use
Mixed Use
$1.16M
$1.02M – $1.36M
NOI $81,506 @ 7.0% cap · market cap 12.54%
Second Best
Retail
$957.7K
$838.0K – $1.12M
NOI $67,041 @ 7.0% cap · market cap 10.32%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,731 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
25,200 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Explore this area
Business Placement
Demographics for 60532, IL
28,766
Population
13,203
Households
2.2
Avg Household Size
39
Median Age
59%
College-Educated
98%
High-School Grad
8.5 sq mi
ZIP Area
3,384
Density / Sq Mi
$100,373
Median Household Income
$64,114
Median Earnings
$1,576
Median Rent
$387,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased property combines ground-floor commercial suites, three apartments, dedicated parking, and recent building improvements.
Where is this mixed-use property located?
The property is located at 1616 Ogden Ave Lisle, IL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Fully occupied with two commercial suites and three residential apartments; 50' x 200' lot with 50 feet of Ogden Avenue frontage; 25,200 vehicles per day along Ogden Avenue
