Leased Office
New
For Sale
$600,000
5151 Mochel Drive #201, Downers Grove, IL 60515
Configured for professional use with reception, private offices, open work area, conference room, and breakroom.
Property Size29,700 SF
Price / SF$289
Days on Market2
Property Features for 5151 Mochel Drive #201
General Information
Standard status
Active
Size
29,700 SF
Property subtype
Commercial
Zoning
OFFIC
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,169
Building Details
Building Size
29,700 SF
Year Built
2009
Stories
3
Tenancy
Single
Listing Agency:
Jameson Commercial
(312) 216-8000
Listed By:
Richard Gardella
(312) 216-8000
Source:
Allinonerealestateco
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 3:39AM
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 Jameson Commercial
Investment Insights
Based on property information with market context.
Unit 201 is a 2,069-square-foot office condominium at 5151 Mochel Drive in Downers Grove. The suite was built in 2009 and is leased to an established tenant. Its interior includes a reception area, three private offices, an open workspace, a conference room, and a breakroom, providing a defined layout for professional operations.
The property is positioned in Downtown Downers Grove, with restaurants, services, public transportation, and nearby municipal parking in the surrounding area. Zoning is designated OFFIC. The combination of an existing lease, dedicated office rooms, shared work space, and support areas gives the condominium a practical configuration for office use.
The property is positioned in Downtown Downers Grove, with restaurants, services, public transportation, and nearby municipal parking in the surrounding area. Zoning is designated OFFIC. The combination of an existing lease, dedicated office rooms, shared work space, and support areas gives the condominium a practical configuration for office use.
Key Highlights
- 2,069‑square‑foot office condominium at 5151 Mochel Drive, Unit 201
- Leased to an established tenant
- Built in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,528
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$570,560
$570.6K
Cap Rate 7%
$407,543
$407.5K
Cap Rate 9%
$316,978
$317.0K
Market Conditions
NOI Build-Up for 2,069 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.6K $24.48/SF
− Vacancy
−$12.6K −$6.10/SF
EGI
$38.0K $18.38/SF
− OpEx
−$9.5K −$4.60/SF
NOI
$28.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$570,560
Cap Rate 7%
$407,543
Cap Rate 9%
$316,978
Alternative Uses
Best Use
Office B
$407.5K
$356.6K – $475.5K
NOI $28,528 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$714.3K
$625.0K – $833.4K
NOI $50,003 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured for professional use with reception, private offices, open work area, conference room, and breakroom.
Where is this office units located?
The property is located at 5151 Mochel Drive #201 Downers Grove, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,069‑square‑foot office condominium at 5151 Mochel Drive, Unit 201; Leased to an established tenant; Built in 2009
