250 E Devon Ave, Itasca, IL 60143

Building Details

Tenancy Single More

Listing Agency: Stream Capital Partners

Listed By: Phil DiGennaro · License CT RES.0804114 Show Phone

Source: Crexi

Added: Mar 11 Changed: Oct 31 Last Checked: Nov 10 at 6:32AM

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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 Stream Capital Partners

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Investment Insights

Based on property information with market context.

This commercial real estate offering features a 59,592 square foot office building. The property is being offered for sale and has a capitalization rate of 7.00%.

Key Highlights

• 59,592 SqFt Office Space available
• Office Property
• 7.00% CAP Rate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$821,676

Cap Rate

5.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$16,433,520 $16.4M

Cap Rate 7%

$11,738,229 $11.7M

Cap Rate 9%

$9,129,733 $9.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 59,592 SF

Gross rent

$1.46M $24.48/SF

− Vacancy

−$363.2K −$6.10/SF

EGI

$1.10M $18.38/SF

− OpEx

−$273.9K −$4.60/SF

NOI

$821.7K $13.79/SF

Area

DuPage County, IL

Vacancy

24.90%

Lease Rate

$24.48 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$16,433,520

Cap Rate 7%

$11,738,229

Cap Rate 9%

$9,129,733

Alternative Uses

Best Use

Office B

$11.74M

$10.27M – $13.69M (±1% cap)

NOI $821,676 @ 7.0% cap · market cap 5.19%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$16.25M

$14.22M – $18.96M (±1% cap)

NOI $1,137,462 @ 7.0% cap · market cap 7.19%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Ajinomoto North America, ... Big Box & Wholesale Store M H Equity ... Loan Service

Suggested Use

Top Pick Law Firm Daycare Center Parking Lot & Garage Bakery Barber Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

758

Businesses Nearby

Explore this area Business Placement

Demographics for 60143, IL

11,214

Population

4,879

Households

2.3

Avg Household Size

42

Median Age

48%

College-Educated

95%

High-School Grad

7.0 sq mi

ZIP Area

1,602

Density / Sq Mi

$112,247

Median Household Income

$61,706

Median Earnings

$1,775

Median Rent

$386,600

Median Home Value

Market

Properties on Market for Office buildings in DuPage County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - 59,592 SqFt office building with 7.00% CAP rate.

Where is this office building located?

The property is located at 250 E Devon Ave Itasca, IL.

What is the asking price?

The asking price for this property is $15,824,557.

What are key features of this property?

This property features: 59,592 SqFt Office Space available; Office Property; 7.00% CAP Rate