Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Carol Stream Commercial Property Title is generated by Realmo AI

    415 N Gary Avenue, Carol Stream, IL 60188

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

    High-visibility commercial property with adaptable layout and ample parking.

    Type:Business for Sale, Retail, Special Purpose
    Property size:
    6,148 SF
    Lot size:
    0.99 Acres
    Price / SF:
    $357/SF
    Added:
    Feb 21, 2026
    Days on Market:
    80
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 415 N Gary Avenue

    General Information

    Standard status
    Active
    Size
    6,148 SF
    Lot size
    0.99 Acres
    Property subtype
    Business for Sale, Retail, Special Purpose

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Sabrina Herrera

    Listing agent Sabrina Herrera License #272688

    Listing date Feb 21, 2026

    Source Crexi

    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 Sabrina Herrera

    HighLights

    • High‑visibility location on heavily traveled Gary Ave corridor.
    • B3 zoning offers strong flexibility for various business types (medical, professional, community‑based, service‑oriented).
    • Adaptable interior layout suitable for multiple uses and future evolution.
    • Generous parking lot with approximately 40 spaces.
    • Fully functional lower level with lounge, coffee bar, showroom, and kitchen.
    • All‑brick structure with a legacy presence in the community (built in 1970).

    Overview

    Located on Gary Avenue in Carol Stream, this property features B3 zoning and nearly one acre of land. The all-brick structure has served the community for over four decades and offers a versatile interior layout. The main level includes a welcoming foyer, three spacious chapels, two private offices, dedicated restrooms, and ample storage. The fully functional lower level expands the possibilities with a lounge and coffee bar, a showroom, a kitchen, an additional bathroom, and more storage. A generous parking lot accommodates approximately 40 vehicles. The property is suited for medical, professional, community-based, or service-oriented users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brust Funeral Home Social Service Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carol Stream
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1450266
    Latitude
    41.9103105

    Nearby Similar for Sale

    • $3,472,651

      Medical/Office Building in Carol Stream

      Multi-tenant building suitable for medical, office, and service-related businesses.
      501-517 Thornhill Drive, Carol Stream, IL 60188
      View Details
    • $1,100,000

      Commercial Office Building For Sale

      Well-maintained commercial building with leased units and move-in-ready suite.
      200 N Gary Avenue, Carol Stream, IL 60188
      View Details
    • $999,000

      Commercial Property with Corporate Tenant

      Triple net lease property with a large corporate tenant.
      26w287 Saint Charles Road, Carol Stream, IL 60188
      View Details
    • $899,000

      Carol Stream Commercial Investment Property

      Triple net lease property with corporate tenant and stable income.
      26w321 Saint Charles Road, Carol Stream, IL 60188
      View Details
    • $1,650,000

      Carol Stream Commercial Opportunity

      B3-zoned property with high visibility and adaptive reuse potential.
      415 N Gary Avenue, Carol Stream, IL 60188
      View Details
    • $85,000

      Pie Life Pizzeria Opportunity

      Turnkey pizzeria business for sale in Carol Stream, Illinois.
      541 S Schmale Road, Carol Stream, IL 60188
      View Details
    • $1,993,114
      2,980 SF

      Medical Clinic in Carol Stream

      Healthcare property with long-term tenant in high-income, dense area.
      865 E Geneva Rd, Carol Stream, IL
      View Details
    • Contact for pricing

      Geneva Crossing Retail Opportunity

      Retail property for sale in Carol Stream, Illinois.
      339 Geneva Road | Carol Stream, IL 60187
      View Details
    • Contact for pricing
      33,190 SF

      Versatile Warehouse and Office Space

      33,190 SF warehouse and office space for sale.
      205 Alexandra Way, Carol Stream, IL 60118
      View Details
    • $6,958,482
      14,195 SF

      Cadence Academy NNN Asset

      NNN asset with 9 years remaining and annual rent escalations.
      1280 Kuhn Rd, Carol Stream, IL
      View Details
    • Contact for pricing
      439,421 SF

      439,421 SF Available Building

      Available building with office, warehouse, dock doors, and parking.
      250 S Gary Avenue, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Truck and Trailer Parking Available

      Truck and trailer parking for rent with convenient highway access.
      245 Kehoe Blvd, Carol Stream, IL
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - High-visibility commercial property with adaptable layout and ample parking.
    Where is this church & religious facility located?
    The property is located at 415 N Gary Avenue Carol Stream, IL.
    What is the asking price?
    The asking price for this property is $2,199,000.
    What are key features of this property?
    This property features: High‑visibility location on heavily traveled Gary Ave corridor.; B3 zoning offers strong flexibility for various business types (medical, professional, community‑based, service‑oriented).; Adaptable interior layout suitable for multiple uses and future evolution.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sabrina Herrera
    Real Estate License ID: 272688
    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
    415 N Gary Avenue, Carol Stream, IL 60188
    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!