Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4906 Main St. Lisle, IL 60532

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

    Office condo featuring individual offices, common areas, and basement storage.

    Type:Office
    Property size:
    1,900 SF
    Price / SF:
    $210/SF
    Added:
    Sep 8, 2024
    Days on Market:
    596
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 4906 Main St.

    General Information

    Standard status
    Active
    Size
    1,900 SF
    Property subtype
    Office

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    Bob Kalnicky

    Listing agent Bob Kalnicky License #IL 475197624

    Listing office Baird & Warner Plainfield

    Listing date Sep 8, 2024

    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 Baird & Warner Plainfield

    Overview

    Well-Maintained Office Condo For Sale

    This well-maintained office condo, totaling 1900 square feet, features seven individual offices, a common work area, and a reception area. Basement storage is available. The building contains two units that share a common kitchen area and bathrooms. Office furniture can be included with the sale.
    Location Intelligence

    Current Use by Public Records

    IVO Inc Tech Support Center Select Church Insurance ... Insurance Agency Select Offices, LLC Real Estate Agency Gabmaster Photography Studio Photography Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lisle
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0748891
    Latitude
    41.796718

    Nearby Similar for Sale

    • $399,900

      Lisle Commercial Property For Sale

      Commercial property in Lisle, Illinois, with redevelopment potential.
      1112 Lisle Place, Lisle, IL 60532
      View Details
    • $519,000

      Lisle Commercial Building on Route 53

      2,500 SF commercial building in Lisle's Business District.
      1209 Lisle Place, Lisle, IL 60532
      View Details
    • $1,290,000

      Established Auto Repair Business

      Auto repair business for sale on Ogden Avenue.
      1801 Ogden Avenue, Lisle, IL 60532
      View Details
    • $1,463,250
      9,775 SF

      Lisle Office Building For Sale

      Office building with highway access, user occupancy potential in 2026.
      505 Warrenville, Lisle, IL 60532
      View Details
    • $14
      124,327 SF

      Lisle Boutique Office Building

      Five-story office building with atrium and park-like grounds in Lisle.
      2200 Cabot Drive, Lisle, IL 60532
      View Details
    • $299,900

      Mid-Century Modern Office Space

      Beautifully designed office space at a high-traffic corner location.
      1700 Ogden Avenue, Lisle, IL 60532
      View Details
    • $299,900
      2,400 SF

      Mid-Century Modern Office Space

      Corner office space with ample parking and natural light.
      1700 Ogden Avenue, Lisle, IL 60532
      View Details
    • $670,950
      39,800 SF

      Office/Flex Condo For Sale

      4,970 SF office/flex condo with shared docks access.
      5400 Patton Dr Ste 4a, Lisle, IL 60532
      View Details
    • $5,950,000
      38,931 SF

      Lisle Office Building Investment Opportunity

      Two-story office building with long-term tenant in Lisle, Illinois.
      2900 Ogden Avenue, Lisle, IL 60532
      View Details
    • $5,500,000
      50,000 SF

      Functional Manufacturing Facility with Power

      Manufacturing facility with heavy power and redevelopment potential.
      1945 Ohio St, Lisle, IL
      View Details
    • $13
      107,596 SF

      Lisle Office Building For Sale

      Office building with tenant lounge, fitness room, and conference room.
      750 Warrenville Rd # 2, Lisle, IL 60532
      View Details
    • $399,000
      1,900 SF

      Well-Maintained Office Condo For Sale

      Office condo featuring individual offices, common areas, and basement storage.
      4906 S Main Street 102, Lisle, IL 60532
      View Details

    FAQs

    What type of property is this?
    Office units - Office condo featuring individual offices, common areas, and basement storage.
    Where is this office units located?
    The property is located at 4906 Main St. Lisle, IL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Seven individual offices provide ample private workspace.; Common work area and reception area are already in place.; Office furniture can be included in the sale.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bob Kalnicky
    Real Estate License ID: IL 475197624
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!