Two-Story Office
For Sale
Contact for pricing
6 E Washington St, Oswego, IL 60543
Updated business space with reception, meeting, kitchen, basement storage, and dedicated off-street parking.
Property Size1,412 SF
Price / SF$247.88
Days on Market53
Property Features for 6 E Washington St
General Information
Standard status
Active
Size
1,412 SF
Total Parking Spaces
6
Property subtype
Retail, Office, Mixed Use
Zoning
D-1 (Commercial)
Investment Type
Owner/User
Building Details
Year Built
1950
Year Renovated
2016
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Real Estate Group
Listed By:
Leah Erickson · License #475.204597
(815) 553-2406
Source:
Crexi
Added: Aug 23
Changed: Oct 3
Last Checked: Oct 12 at 5:37PM
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 Coldwell Banker Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This two-story office property includes an updated main level with a reception and waiting area, conference room, half bathroom, full kitchen, and storage room. The second floor contains three offices or bedrooms and a full bathroom. A full basement adds storage, a bathroom, and a concrete-encased bomb shelter. Dedicated off-street parking serves the building, while nearby municipal parking supports additional access.
The property is positioned at the corner of Route 34 and Washington Street in downtown Oswego’s retail and business district. It is within the TIF 5 Main Washington area and the Downtown Oswego Historic District, with potential eligibility for federal and Illinois historic rehabilitation tax credits for qualified commercial improvements, subject to application. The current tenant is month to month and willing to remain.
The property is positioned at the corner of Route 34 and Washington Street in downtown Oswego’s retail and business district. It is within the TIF 5 Main Washington area and the Downtown Oswego Historic District, with potential eligibility for federal and Illinois historic rehabilitation tax credits for qualified commercial improvements, subject to application. The current tenant is month to month and willing to remain.
Key Highlights
- Updated main level with reception area, conference room, half bathroom, full kitchen, and storage room
- Three second‑floor offices or bedrooms plus one full bathroom
- Full basement includes storage, a bathroom, and a concrete‑encased bomb shelter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,469
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,380
$389.4K
Cap Rate 7%
$278,129
$278.1K
Cap Rate 9%
$216,322
$216.3K
Market Conditions
NOI Build-Up for 1,412 SF
Gross rent
$34.6K $24.48/SF
− Vacancy
−$8.6K −$6.10/SF
EGI
$26.0K $18.38/SF
− OpEx
−$6.5K −$4.60/SF
NOI
$19.5K $13.79/SF
Area
Kendall 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%
$389,380
Cap Rate 7%
$278,129
Cap Rate 9%
$216,322
Alternative Uses
Best Use
Office B
$278.1K
$243.4K – $324.5K
NOI $19,469 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$487.5K
$426.6K – $568.8K
NOI $34,125 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 60543, IL
40,299
Population
14,327
Households
2.8
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
41.9 sq mi
ZIP Area
962
Density / Sq Mi
$116,507
Median Household Income
$54,783
Median Earnings
$1,558
Median Rent
$319,300
Median Home Value
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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 building - Updated business space with reception, meeting, kitchen, basement storage, and dedicated off-street parking.
Where is this office building located?
The property is located at 6 E Washington St Oswego, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Updated main level with reception area, conference room, half bathroom, full kitchen, and storage room; Three second‑floor offices or bedrooms plus one full bathroom; Full basement includes storage, a bathroom, and a concrete‑encased bomb shelter
