Office Unit with Three Private
New
For Sale
$139,900
501 W Ogden Avenue Unit 4, Hinsdale, IL 60521
A compact office condominium pairs private work areas with a shared reception space and dedicated basement storage.
Property Size6,550 SF
Price / SF$206.65
Days on Market5
Property Features for 501 W Ogden Avenue Unit 4
General Information
Standard status
Active
Size
6,550 SF
Property subtype
COMMERCIAL
Property Condition
Severity
Repairs Needed
Evidence
interior finishes are dated
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$4,120
Amenities
central air conditioning
forced-air heating
dedicated basement storage
Building Details
Building Size
6,550 SF
Year Built
1977
Listing Agency:
Real Broker LLC
Listed By:
Sergio Monjane · License #475193320
(347) 743-4956
Source:
Loncarrealty
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 11 at 2:26PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This 677-square-foot office condominium includes three private offices, a shared reception or waiting area, and separate basement storage. Nearly floor-to-ceiling windows bring natural light into the offices. The suite is a few steps above ground level, with a common restroom just outside the unit. Central air conditioning and forced-air heat serve the space; interior finishes are dated and may require cosmetic updating. Built in 1977, the property is part of a self-managed condominium association.
At 501 W Ogden Avenue in Hinsdale, the office sits near Route 83 at a corner location. On-site parking is available. The larger 927-square-foot Suite 3 may be purchased separately, or both units may be acquired together.
At 501 W Ogden Avenue in Hinsdale, the office sits near Route 83 at a corner location. On-site parking is available. The larger 927-square-foot Suite 3 may be purchased separately, or both units may be acquired together.
Key Highlights
- 677‑square‑foot office condominium
- Three private offices and a shared reception or waiting area
- Nearly floor‑to‑ceiling windows in the offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,335
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,700
$186.7K
Cap Rate 7%
$133,357
$133.4K
Cap Rate 9%
$103,722
$103.7K
Market Conditions
NOI Build-Up for 677 SF
Gross rent
$16.6K $24.48/SF
− Vacancy
−$4.1K −$6.10/SF
EGI
$12.4K $18.38/SF
− OpEx
−$3.1K −$4.60/SF
NOI
$9.3K $13.79/SF
Area
DuPage County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,700
Cap Rate 7%
$133,357
Cap Rate 9%
$103,722
Alternative Uses
Best Use
Office B
$133.4K
$116.7K – $155.6K
NOI $9,335 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.7K
$204.5K – $272.7K
NOI $16,362 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - A compact office condominium pairs private work areas with a shared reception space and dedicated basement storage.
Where is this office units located?
The property is located at 501 W Ogden Avenue Unit 4 Hinsdale, IL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 677‑square‑foot office condominium; Three private offices and a shared reception or waiting area; Nearly floor‑to‑ceiling windows in the offices
