Fully Leased Retail
For Sale
$14,000,000
50 W Ogden Ave, Westmont, IL 60559
Fee simple retail showroom on Westmont Auto Mile, fully leased to Tesla with 144 surface parking spaces.
Property Size23,164 SF
Lot Size3.05 Acres
Price / SF$604.39
Days on Market84
Property Features for 50 W Ogden Ave
General Information
Standard status
Active
Size
23,164 SF
Total Parking Spaces
144
Lot size
3.05 Acres
Property subtype
Auto Dealership
Occupancy
100%
Lease Type
NN
Amenities
INSTITUTIONAL-GRADE TENANT (TESLA, INC.) Occupied by a global leader in electric vehicles (NASDAQ: TSLA)
STRATEGIC "AUTO MILE" LOCATION Situated on the prestigious Westmont Auto Mile, a premier regional luxury car destination. This property benefits from "clustering," surrounded by elite brands.
MISSION-CRITICAL SERVICE COMPONENT This 23,164 SF facility serves as both a showroom and a specialized service center.
Building Details
Building Size
23,164 SF
Tenancy
Single
Listing Agency:
Palo Alto Office
Listed By:
Jim Wright · License #License(s): CA: 02251133
(650) 391-1837
Source:
Marcusmillichap
Added: Jun 17
Changed: Sep 6
Last Checked: Sep 7 at 4:52AM
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 Palo Alto Office
Investment Insights
Based on property information with market context.
This fee simple retail showroom investment is fully leased to Tesla (NASDAQ: TSLA). The asset comprises 3.05 AC supporting 23,164 RSF of A-class retail space and includes 144 surface parking stalls. The property is offered free and clear of existing financing on an “as-is, where-is” basis.
Located on the Westmont Auto Mile at 50 W Ogden Ave, Westmont, IL 60559, the building is positioned for day-to-day retail operations with convenient on-site parking for customers and employees.
The property’s current configuration is a dedicated retail showroom setup sized for the existing tenant, with ample surface parking to support customer access.
Located on the Westmont Auto Mile at 50 W Ogden Ave, Westmont, IL 60559, the building is positioned for day-to-day retail operations with convenient on-site parking for customers and employees.
The property’s current configuration is a dedicated retail showroom setup sized for the existing tenant, with ample surface parking to support customer access.
Key Highlights
- Fully leased retail property to Tesla (NASDAQ: TSLA)
- 3.05 AC site with 23,164 RSF of A‑class retail showroom space
- 144 surface parking stalls
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
200k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Groceries 25%
Shops & Services 24%
Electronics 22%
Jewel-Osco
Groceries
49,494 visits/mo
0.0 miles
Micro Center
Electronics
43,674 visits/mo
0.1 miles
Shell
Shops & Services
15,833 visits/mo
0.1 miles
Wendy's
Dining
13,906 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
10,471 visits/mo
0.3 miles
Demographics for 60559, IL
24,363
Population
11,105
Households
2.2
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
4.7 sq mi
ZIP Area
5,184
Density / Sq Mi
$87,474
Median Household Income
$53,980
Median Earnings
$1,491
Median Rent
$356,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Linly Designs — 445 E Ogden Ave, Clarendon Hills, IL 60514
Frequently Asked Questions
What type of property is this?
Showroom - Fee simple retail showroom on Westmont Auto Mile, fully leased to Tesla with 144 surface parking spaces.
Where is this showroom located?
The property is located at 50 W Ogden Ave Westmont, IL.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: Fully leased retail property to Tesla (NASDAQ: TSLA); 3.05 AC site with 23,164 RSF of A‑class retail showroom space; 144 surface parking stalls
