Top-Floor Office
For Sale
$395,000
305-5151 Mochel Dr, Downers Grove, IL 60515
Three private offices and a kitchenette provide a practical setup for professional business operations.
Property Size1,158 SF
Price / SF$341.11
Days on Market23
Property Features for 305-5151 Mochel Dr
General Information
Standard status
Active
Size
1,158 SF
Additional Details
Floor
3
Public Transit
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,084
Building Details
Year Built
2009
Buildings
1
Stories
3
Listing Agency:
Sims Commercial Real Estate Inc
Listed By:
Michael Sims, e-PRO
(312) 796-4444
Source:
Exprealty
Added: Oct 7
Changed: Oct 27
Last Checked: Oct 28 at 12:51PM
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 Sims Commercial Real Estate Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium occupies the third floor of a three-story building constructed in 2009. The approximately 1,158-square-foot suite includes three private offices, a kitchenette with sink, and flexible workspace.
The property is in downtown Downers Grove, next to a municipal parking garage and within walking distance of restaurants, shops, and professional services. The Downers Grove Metra station is nearby, with access to major transportation corridors also noted.
The property is in downtown Downers Grove, next to a municipal parking garage and within walking distance of restaurants, shops, and professional services. The Downers Grove Metra station is nearby, with access to major transportation corridors also noted.
Key Highlights
- Approximately 1,158 square feet on the third floor
- Three private offices and flexible workspace
- Kitchenette with sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,967
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,340
$319.3K
Cap Rate 7%
$228,100
$228.1K
Cap Rate 9%
$177,411
$177.4K
Market Conditions
NOI Build-Up for 1,158 SF
Gross rent
$28.3K $24.48/SF
− Vacancy
−$7.1K −$6.10/SF
EGI
$21.3K $18.38/SF
− OpEx
−$5.3K −$4.60/SF
NOI
$16.0K $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%
$319,340
Cap Rate 7%
$228,100
Cap Rate 9%
$177,411
Alternative Uses
Best Use
Office B
$228.1K
$199.6K – $266.1K
NOI $15,967 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$399.8K
$349.8K – $466.4K
NOI $27,986 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,515
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Three private offices and a kitchenette provide a practical setup for professional business operations.
Where is this office unit located?
The property is located at 305-5151 Mochel Dr Downers Grove, IL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Approximately 1,158 square feet on the third floor; Three private offices and flexible workspace; Kitchenette with sink
