Auto Shop with Absolute NNN
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For Sale
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660 Ogden Ave, Downers Grove, IL 60515
Operating repair business along Ogden Ave near Hobby Lobby, Trader Joe’s, Fresh Thyme Market, McDonald’s, Panera, and Aldi.
Property Size4,386 SF
Price / SF$455
Days on Market4
Property Features for 660 Ogden Ave
General Information
Standard status
Active
Size
4,386 SF
Property subtype
RETAIL
Additional Details
Traffic Count
30,000 vehicles/day
Listing Agency:
STREAM Capital Partners
(314) 324-8792
Listed By:
Graham Gold · License #NY 10401317069
Source:
Moodyscre
Added: Jul 31
Changed: Aug 2
Last Checked: Aug 2 at 5:30AM
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 STREAM Capital Partners
Investment Insights
Based on property information with market context.
The property is a 4,386-square-foot auto shop at 660 Ogden Ave in Downers Grove, Illinois, occupied by a profitable auto repair business. The tenant is expected to execute a 15-year absolute NNN lease at closing, with no landlord responsibilities during the lease term. Contractual rent increases of 2.00% occur annually.
Ogden Ave is identified as a primary retail thoroughfare with exposure to 30,000 VPD and extends from Chicago through the western suburbs. Nearby retailers include Hobby Lobby, Trader Joe’s, Fresh Thyme Market, McDonald’s, Panera, and Aldi. The property is positioned within the Chicago MSA, with approximately 86,000 residents and average household income of $155,000 within a 3-mile radius.
The operating business provides approximately 3x EBITDAR-to-rent coverage, while the lease structure places property responsibilities with the tenant.
Ogden Ave is identified as a primary retail thoroughfare with exposure to 30,000 VPD and extends from Chicago through the western suburbs. Nearby retailers include Hobby Lobby, Trader Joe’s, Fresh Thyme Market, McDonald’s, Panera, and Aldi. The property is positioned within the Chicago MSA, with approximately 86,000 residents and average household income of $155,000 within a 3-mile radius.
The operating business provides approximately 3x EBITDAR-to-rent coverage, while the lease structure places property responsibilities with the tenant.
Key Highlights
- 4,386‑square‑foot auto shop at 660 Ogden Ave, Downers Grove, IL
- 15‑year absolute NNN lease at COE
- 2.00% annual rent increases
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.7k | $21.60 |
| − Vacancy | −$7.8k | −$1.77 |
| EGI | $87.0k | $19.83 |
| − OpEx | −$26.1k | −$5.95 |
| NOI | $60.9k | $13.88 |
4,386 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$869.7K
$761.0K – $1.01M
NOI $60,878 @ 7.0% cap · market cap 3.04%
Second Best
Industrial
$269.7K
$236.0K – $314.7K
NOI $18,880 @ 7.0% cap · market cap 0.94%
Theoretical Best
Office A
$1.51M
$1.33M – $1.77M
NOI $106,000 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
97k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 33%
Groceries 13%
Beauty & Spa 2%
McDonald's
Dining
26,172 visits/mo
0.4 miles
Speedway
Shops & Services
14,604 visits/mo
0.4 miles
Fresh Thyme Market
Groceries
12,196 visits/mo
0.3 miles
Dunkin' Donuts
Dining
7,567 visits/mo
0.1 miles
Five Guys
Dining
6,565 visits/mo
0.3 miles
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 Retail in Midwest region
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Similar Off Market Nearby
- Firestone Complete Auto Care — 845 Ogden Ave, Downers Grove, IL 60515
- Mr. Trim Convertible Tops and Interiors — 946 Ogden Ave, Downers Grove, IL 60515
- J&C Auto Service — 821 Ogden Ave, Downers Grove, IL 60515
- Meineke Car Care Center — 815 Ogden Ave, Downers Grove, IL 60515
- Js autoworks — 946 Ogden Ave, Downers Grove, IL 60515
Frequently Asked Questions
What type of property is this?
Auto shop - Operating repair business along Ogden Ave near Hobby Lobby, Trader Joe’s, Fresh Thyme Market, McDonald’s, Panera, and Aldi.
Where is this auto shop located?
The property is located at 660 Ogden Ave Downers Grove, IL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 4,386‑square‑foot auto shop at 660 Ogden Ave, Downers Grove, IL; 15‑year absolute NNN lease at COE; 2.00% annual rent increases
