Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space with Renovation Planned Title is generated by Realmo AI

    Woodward Ave, Downers Grove, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available with planned renovations and drive-thru potential.

    Type:RETAIL
    Property size:
    23,363 SF
    Lot size:
    19.89 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    179
    Last Refresh:
    Apr 5 at 9:14 pm

    Property Features for Woodward Ave

    General Information

    Standard status
    Active
    Size
    23,363 SF
    Lot size
    19.89 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at Woodward Ave Contact us

    We can help!

    Listing Contact
    Steven Baer

    Listing agent Steven Baer

    Listing office Metro Commercial Real Estate - Corporate

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Metro Commercial Real Estate - Corporate

    HighLights

    • Complete renovation planned: full façade renovation, new parking lot, new monument signage
    • Anchor space, inline retail & outlots available
    • Well located in close proximity to I‑355 access
    • Multiple drive‑thru potential
    • Adjacent to Target
    • Current tenants include: Planet Fitness, Dollar Tree & Dunkin’

    Overview

    Anchor space, inline retail, and outlots are available at this location. The property is well-located with close proximity to I-355 access. Current tenants include Planet Fitness, Dollar Tree, and Dunkin'. A complete renovation is planned, including a full façade renovation, a new parking lot, and new monument signage. There is multiple drive-thru potential. The property size is 23363 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Meadowbrook Shopping Center — 2133 63rd St, Downers Grove, IL 60516
    • Victoria Center — 6315 Woodward Ave, Downers Grove, IL 60516
    • Coin Cloud Bitcoin ATM — 2401 63rd St, Woodridge, IL 60517

    Map

    City
    Downers Grove
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0333
    Latitude
    41.7832

    Nearby Similar for Lease

    • Sponsored
      $129-$4,116/Mo
      11-1,292 SF

      Executive Towers West

      1431 Opus Pl, Unit 110, Downers Grove, IL 60515
      View Details
    • $650/Mo
      268 SF

      Downtown Downers Grove Office Suites

      Furnished office suites in a renovated historic building.
      5120 Main Street, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      109,000 SF

      Downers Grove Industrial Sublease Opportunity

      109,000 SF industrial space available for sublease in Downers Grove.
      5300 Katrine Ave, Downers Grove, IL 60515
      View Details
    • $11 SF/Yr
      1,570 SF

      Downers Grove Office Space Available

      Office space for rent with convenient highway access.
      2737-2779 Finley Rd, Downers Grove, IL
      View Details
    • $16 SF/Yr
      2,742 SF

      Downers Grove Office Space Available

      Office space for rent in Downers Grove, Illinois.
      2651-2655 Warrenville Rd, Downers Grove, IL
      View Details
    • $28 SF/Yr
      1,200 SF

      Downers Grove Retail Space Available

      Retail space for lease in Downers Park Plaza.
      7451 Lemont Rd, Downers Grove, IL
      View Details
    • Contact for pricing
      5,108 SF

      Downers Grove Industrial Space Available

      Industrial space for lease with ample parking and I-355 access.
      5201-5241 Thatcher Rd Downers, Grove, IL 60515
      View Details
    • Contact for pricing
      150,000 SF

      Downers Grove Office Space Available

      Office property with amenities in Downers Grove, Illinois.
      2655 Warrenville Rd Downers, Grove, IL 60515
      View Details
    • $14 SF/Yr
      34,415 SF

      Downers Grove Office Space Available

      Office space for lease in Downers Grove, Illinois.
      1100 W 31st Street, Downers Grove, IL, 60515
      View Details
    • $17 SF/Yr
      900 SF

      Downers Grove Office Space Available

      900 SF office space for lease in Downers Grove.
      5100 Main St , Downers Grove, IL
      View Details
    • Contact for pricing
      149,550 SF

      Downers Grove Office Space Available

      Office building in Downers Grove with many amenities.
      2651 Warrenville Rd Downers, Grove, IL 60515
      View Details
    • $19 SF/Yr
      236,176 SF

      Downers Grove Office Space Available

      Office building with convenient access and prominent signage opportunities.
      3075 Highland Parkway, Downers Grove, IL, 60515
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available with planned renovations and drive-thru potential.
    Where is this shopping center located?
    The property is located at Woodward Ave Downers Grove, IL.
    What are key features of this property?
    This property features: Complete renovation planned: **full façade renovation, new parking lot, new monument signage**; Anchor space, inline retail & outlots available; Well located in close proximity to I‑355 access
    (516) 637-2340 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steven Baer
    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

    Thank You for Inquiry
    Woodward Ave, Downers Grove, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!