Mixed-Use Building Near Metra
For Sale
Contact for pricing
532 Crescent Blvd, Glen Ellyn, IL 60137
Commercial and residential units in downtown Glen Ellyn.
Property Size4,100 SF
Price / SF$243.88
Days on Market211
Property Features for 532 Crescent Blvd
General Information
Standard status
Active
Size
4,100 SF
Property subtype
Mixed Use
Zoning
C5A
Building Details
Year Built
1900
Listing Agency:
McCann Properties
Listed By:
Charles McCann · License #IL 60148
Source:
Crexi
Added: Jan 21
Changed: Aug 14
Last Checked: Aug 14 at 6:06AM
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 McCann Properties
Investment Insights
Based on property information with market context.
This mixed-use building is located in downtown Glen Ellyn, across from the Metra station and adjacent to Starbucks. The property includes both commercial and residential units. The commercial space benefits from high foot traffic. The residential apartments are easily rented due to their proximity to the Metra station, shopping, and restaurants. The building also generates additional income from outdoor advertisement cases. The property has a size of 4100 square feet.
Key Highlights
- Prime Downtown Glen Ellyn location directly across from the Metra station
- High foot traffic due to location next to Starbucks and near the Metra
- Long‑term commercial tenant in place
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
$69,188
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
6.92%
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%
$1,383,760
$1.4M
Cap Rate 7%
$988,400
$988.4K
Cap Rate 9%
$768,756
$768.8K
Market Conditions
NOI Build-Up for 4,100 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
$123.0K $30.00/SF
− Vacancy
−$12.3K −$3.00/SF
EGI
$110.7K $27.00/SF
− OpEx
−$41.5K −$10.13/SF
NOI
$69.2K $16.88/SF
Area
DuPage County, IL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,383,760
Cap Rate 7%
$988,400
Cap Rate 9%
$768,756
Alternative Uses
Best Use
Mixed Use
$988.4K
$864.9K – $1.15M
NOI $69,188 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,088 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,395
Businesses Nearby
Explore this area
Business Placement
Demographics for 60137, IL
38,985
Population
15,049
Households
2.6
Avg Household Size
41
Median Age
64%
College-Educated
95%
High-School Grad
11.0 sq mi
ZIP Area
3,544
Density / Sq Mi
$131,695
Median Household Income
$68,931
Median Earnings
$1,321
Median Rent
$490,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential units in downtown Glen Ellyn.
Where is this mixed-use property located?
The property is located at 532 Crescent Blvd Glen Ellyn, IL.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Prime Downtown Glen Ellyn location directly across from the Metra station; High foot traffic due to location next to Starbucks and near the Metra; Long‑term commercial tenant in place
