Building Details

Building Size 6,550 SF

Year Built 1977

Buildings 1

Tenancy Multi

Listing Agency: Real Broker LLC

Listed By: Sergio Monjane · License #475193320 Show Phone

Source: Loncarrealty

Added: Oct 8 Changed: Oct 10 Last Checked: Oct 9 at 8:42PM

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Investment Insights

Based on property information with market context.

This first-floor office condominium measures 6,550 square feet and is currently configured as an open space described as ready for renovation. Windows bring natural light into the interior. Dedicated central air conditioning and forced-air heating serve the space, and dedicated storage is located in the basement. A common-area restroom is just outside the unit, and the building has a security system with cameras.

The property is at Ogden Avenue and Madison Street, with vehicle access from both streets. Route 83 is nearby, with estimated daily traffic exceeding 60,000 vehicles. The building provides 33 asphalt-paved parking spaces. Residential homes are the predominant surrounding use, with institutional zoning to the west.

The building association is self-managed. An additional office condominium, Suite 4, is available separately, with the option to acquire both units together.

Key Highlights

• 6,550‑square‑foot first‑floor office condominium
• Open layout described as ready for renovation
• 33 asphalt‑paved parking spaces at the building

Property Analytics

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Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop (Bike/Boat/Book/etc) Store Grocery & Convenience Store HVAC Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7

Office units

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

506

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

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office units - The first-floor space has an open layout, central air conditioning, forced-air heat, and dedicated basement storage.

Where is this office units located?

The property is located at 501 W Ogden Avenue Unit 3 Hinsdale, IL.

What is the asking price?

The asking price for this property is $184,900.

What are key features of this property?

This property features: 6,550‑square‑foot first‑floor office condominium; Open layout described as ready for renovation; 33 asphalt‑paved parking spaces at the building