3-Story Office/Medical
451 Duane Street Glen Ellyn, IL 60137
451 Duane Street, Glen Ellyn, IL, 60137
$2,089,000
For Sale
$2,089,000
Zoned CB5 with proposed 3-story office, medical, or education construction on a 48-by-128 lot.
Property Size7,200 SF
Lot Size0.14 Acres
Price / SF$290.14
Days on Market194
Property Features for 451 Duane Street
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2026
Listing agency
Realty Group - Marino Inc.
(630) 253-0094
Listed by
Melissa Marino-Bowers
(630) 253-0094
Source
Birdrealtysells
Added: Jan 9 Updated: Jul 22 at 2:16AM Checked: Jul 22 at 2:16AM
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 Realty Group - Marino Inc.
Investment Insights
Based on property information with market context.
Zoned CB5 Downtown Glen Ellyn, this new proposed construction plan calls for a three-story office/medical/education center designed to allow build-to-suit configuration for your business needs. The proposed building is approximately 7,200 square feet with about 2,000 square feet per floor, and the first-floor layout may include the possibility of a rear garage or storage. Exterior plans call for an all-masonry stucco prairie style construction approach.
The site is described as having prime visibility. The plan is in for approval with the village, with breaking ground targeted for spring of 2026. A public parking lot is located across the street for additional parking, and the Metra station is listed as about a block away, supporting walkability to downtown.
Site and building parameters are based on the proposed plan, with final configuration subject to approval.
The site is described as having prime visibility. The plan is in for approval with the village, with breaking ground targeted for spring of 2026. A public parking lot is located across the street for additional parking, and the Metra station is listed as about a block away, supporting walkability to downtown.
Site and building parameters are based on the proposed plan, with final configuration subject to approval.
Key Highlights
- Zoned CB5 Downtown Glen Ellyn for a proposed 3‑story office/medical/education center
- Proposed building size of 7,200 SF, approximately 2,000 SF per floor
- Lot size is 48 ft x 128 ft
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $176.3k | $24.48 |
| − Vacancy | −$43.9k | −$6.10 |
| EGI | $132.4k | $18.38 |
| − OpEx | −$33.1k | −$4.60 |
| NOI | $99.3k | $13.79 |
7,200 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.65M
NOI $99,276 @ 7.0% cap · market cap 4.75%
Second Best
Healthcare Medical
$1.36M
$1.19M – $1.59M
NOI $95,386 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,008 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Zoned CB5 with proposed 3-story office, medical, or education construction on a 48-by-128 lot.
Where is this office building located?
The property is located at 451 Duane Street Glen Ellyn, IL.
What is the asking price?
The asking price for this property is $2,089,000.
What are key features of this property?
This property features: Zoned CB5 Downtown Glen Ellyn for a proposed 3‑story office/medical/education center; Proposed building size of 7,200 SF, approximately 2,000 SF per floor; Lot size is 48 ft x 128 ft
