Top-Floor Office
New
For Sale
$395,000
5151 Mochel Drive Unit 305, Downers Grove, IL 60515
A three-office suite with kitchenette space occupies the upper level of a three-story building.
Property Size50,000 SF
Price / SF$341.11
Days on Market6
Property Features for 5151 Mochel Drive Unit 305
General Information
Standard status
Active
Size
50,000 SF
Property subtype
COMMERCIAL
Additional Details
Floor
3
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,084
Building Details
Building Size
50,000 SF
Year Built
2009
Stories
3
Listing Agency:
Sims Commercial Real Estate Inc
Listed By:
Michael Sims · License #471008215
(615) 961-4040
Source:
Loncarrealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 11 at 1:25PM
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 Sims Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
This office condominium is positioned on the top floor of a three-story building constructed in 2009. Its layout includes three private offices, a kitchenette with sink, and additional flexible workspace.
The property is in Downtown Downers Grove, beside a municipal parking garage. Restaurants, coffee shops, retail businesses, and professional services are within walking distance, and the Downers Grove Metra station is nearby.
The property is in Downtown Downers Grove, beside a municipal parking garage. Restaurants, coffee shops, retail businesses, and professional services are within walking distance, and the Downers Grove Metra station is nearby.
Key Highlights
- Three private offices and flexible workspace
- Kitchenette with sink
- Top‑floor position in a three‑story building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,967
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,340
$319.3K
Cap Rate 7%
$228,100
$228.1K
Cap Rate 9%
$177,411
$177.4K
Market Conditions
NOI Build-Up for 1,158 SF
Gross rent
$28.3K $24.48/SF
− Vacancy
−$7.1K −$6.10/SF
EGI
$21.3K $18.38/SF
− OpEx
−$5.3K −$4.60/SF
NOI
$16.0K $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%
$319,340
Cap Rate 7%
$228,100
Cap Rate 9%
$177,411
Alternative Uses
Best Use
Office B
$228.1K
$199.6K – $266.1K
NOI $15,967 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$399.8K
$349.8K – $466.4K
NOI $27,986 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,515
Businesses Nearby
Explore this area
Business Placement
Demographics for 60515, IL
29,278
Population
12,443
Households
2.4
Avg Household Size
43
Median Age
61%
College-Educated
98%
High-School Grad
11.8 sq mi
ZIP Area
2,481
Density / Sq Mi
$121,358
Median Household Income
$69,341
Median Earnings
$1,563
Median Rent
$453,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 three-office suite with kitchenette space occupies the upper level of a three-story building.
Where is this office units located?
The property is located at 5151 Mochel Drive Unit 305 Downers Grove, IL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three private offices and flexible workspace; Kitchenette with sink; Top‑floor position in a three‑story building
