Three-Office Commercial
New
For Sale
$139,900
4-501 W Ogden Ave, Hinsdale, IL 60521
The suite combines private work areas, a reception space, on-site parking, and dedicated basement storage.
Property Size677 SF
Price / SF$206.65
Days on Market4
Property Features for 4-501 W Ogden Ave
General Information
Standard status
Active
Size
677 SF
Property Condition
Severity
Repairs Needed
Evidence
interior finishes are dated
Taxes and HOA fees
Annual Taxes
$4,120
Amenities
common-area restroom
central air conditioning
forced-air heating
dedicated basement storage
Listing Agency:
Real Broker LLC
(217) 960-8605
Listed By:
Sergio Monjane · License #475193320
(347) 743-4956
Source:
Exprealty
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 11 at 2:26PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This 677-square-foot office condominium at 501 W Ogden Avenue has three private offices and a shared reception or waiting area. Broad windows with vertical blinds bring natural light into the rooms. The interior has dated finishes, while central air conditioning, forced-air heat, and dedicated basement storage are already in place. A common-area restroom is just outside the unit, which sits a few steps above ground level. The building is managed by its condominium association and has monthly assessments.
At a corner location near Route 83, the property includes on-site parking. The separate 927-square-foot Suite 3 is also available for purchase, with the option to acquire both units together.
At a corner location near Route 83, the property includes on-site parking. The separate 927-square-foot Suite 3 is also available for purchase, with the option to acquire both units together.
Key Highlights
- 677‑square‑foot office condominium with three private offices
- Reception or waiting area serves the office layout
- Large windows with vertical blinds in the office rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,335
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,700
$186.7K
Cap Rate 7%
$133,357
$133.4K
Cap Rate 9%
$103,722
$103.7K
Market Conditions
NOI Build-Up for 677 SF
Gross rent
$16.6K $24.48/SF
− Vacancy
−$4.1K −$6.10/SF
EGI
$12.4K $18.38/SF
− OpEx
−$3.1K −$4.60/SF
NOI
$9.3K $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%
$186,700
Cap Rate 7%
$133,357
Cap Rate 9%
$103,722
Alternative Uses
Best Use
Office B
$133.4K
$116.7K – $155.6K
NOI $9,335 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.7K
$204.5K – $272.7K
NOI $16,362 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,051
Businesses Nearby
Explore this area
Business Placement
Demographics for 60521, IL
18,199
Population
6,528
Households
2.8
Avg Household Size
42
Median Age
80%
College-Educated
98%
High-School Grad
4.7 sq mi
ZIP Area
3,872
Density / Sq Mi
$244,318
Median Household Income
$131,397
Median Earnings
$1,921
Median Rent
$988,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - The suite combines private work areas, a reception space, on-site parking, and dedicated basement storage.
Where is this office units located?
The property is located at 4-501 W Ogden Ave Hinsdale, IL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 677‑square‑foot office condominium with three private offices; Reception or waiting area serves the office layout; Large windows with vertical blinds in the office rooms
