Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1804 Ogden Avenue Downers Grove, IL 60515

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,900,000

    Commercial land available at the corner of Lacey and Ogden.

    Added:
    Oct 26, 2025
    Days on Market:
    177
    Last Refresh:
    Mar 19 at 1:35 am

    Property Features for 1804 Ogden Avenue

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Mary Braatz

    Listing agent Mary Braatz License #471001728

    Listing office RE/MAX Enterprises

    Listing date Oct 26, 2025

    Source Evrealestate

    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 RE/MAX Enterprises

    Overview

    Corner Lot on Ogden Avenue

    This commercial land is located at the corner of Lacey and Ogden, extending westward. The property is situated in DuPage County.
    Location Intelligence

    Current Use by Public Records

    D & M Corvette ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0299879
    Latitude
    41.8084748

    Nearby Similar for Sale

    • $614,900

      Downers Grove Commercial Building

      Well-maintained commercial building suitable for various businesses.
      425 Ogden Avenue, Downers Grove, IL 60515
      View Details
    • $4,900,000

      Ogden Avenue Automotive Property

      Automotive property with frontage on Ogden Avenue in Downers Grove.
      1804 Ogden Avenue, Downers Grove, IL 60515
      View Details
    • $2,500,000

      Downers Grove Commercial Property

      Multiple-use property in a high-traffic retail corridor.
      1340 Ogden Avenue, Downers Grove, IL 60515
      View Details
    • $2,500,000

      Downers Grove Commercial Property

      Multi-tenant commercial property with redevelopment potential in Downers Grove, IL.
      1340 Ogden Avenue, Downers Grove, IL 60515
      View Details
    • $279,900

      Downers Grove Office Condo

      Exceptional office condo in a prime Downers Grove location.
      1557 Warren Avenue, Downers Grove, IL 60515
      View Details
    • $250,000

      Downers Grove Land Opportunity

      0.3 acre lot in desirable Farmingdale Village subdivision.
      10S065 Havens Drive, Downers Grove, IL 60516
      View Details
    • $999,000

      Fully Equipped Dental Suite

      Professional office setting with 4 operatories and ample parking.
      3000 Woodcreek Dr Ste 130, Downers Grove, IL 60515
      View Details
    • $10,000,000
      14,000 SF

      Downers Grove Medical Office Building

      Fully leased medical office building in Downers Grove, Illinois.
      4333 Main St, Downers Grove, IL 60515
      View Details
    • $99,000

      Downers Grove Land For Sale

      Residential land available in Downers Grove, Illinois.
      1003 Oxford Street, Downers Grove, IL 60516
      View Details
    • $999,000
      2,000 SF

      Fully Equipped Dental Suite

      Prime dental suite with 4 operatories in Downers Grove.
      3000 Woodcreek Dr Unit 130, Downers Grove, IL
      View Details
    • $1,257,560

      Mixed-Use Investment Property For Sale

      Stable mixed-use investment with national credit tenant and residential units.
      425 Burlington Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      47,384 SF

      Downers Grove Office Building For Sale

      47,384 SF office building with available space.
      1001 W 31st St, Downers Grove, IL 60515
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available at the corner of Lacey and Ogden.
    Where is this commercial land located?
    The property is located at 1804 Ogden Avenue Downers Grove, IL.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Located at the corner of Lacey and Ogden.; Property extends West from Lacey and Ogden.; Situated in DuPage County.
    (630) 258-7677
    We can help!
    Listing Contact
    Mary Braatz
    Real Estate License ID: 471001728
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!