Live-Work
For Sale
$360,000
764 Montgomery Rd, Montgomery, IL 60538
B1 zoning supports a commercial component alongside residential use in Montgomery.
Property Size1,270 SF
Price / SF$283.46
Days on Market8
Property Features for 764 Montgomery Rd
General Information
Standard status
Active
Size
1,270 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
B1
Additional Details
Property Use
Office
Building Details
Year Built
1960
Listing Agency:
Epique Realty Inc
Listed By:
Bryan Cool · License #471019719
(888) 893-3537
Source:
Illianahomesource
Added: Oct 22
Changed: Oct 28
Last Checked: Oct 28 at 8:43AM
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 Epique Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Montgomery, this live-work property combines a residence with space for a business. The home has five sleeping rooms and 2.5 baths, and the entire residence was renovated after the current owner acquired it. The property is offered as-is.
On-site parking accommodates about 18–20 vehicles. The parcel is identified by two PINs: 1535153021 and 1535153022.
On-site parking accommodates about 18–20 vehicles. The parcel is identified by two PINs: 1535153021 and 1535153022.
Key Highlights
- B1 zoning
- Residence includes five sleeping rooms and 2.5 baths
- Parking accommodates about 18–20 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,431
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,620
$428.6K
Cap Rate 7%
$306,157
$306.2K
Cap Rate 9%
$238,122
$238.1K
Market Conditions
NOI Build-Up for 1,270 SF
Gross rent
$38.1K $30.00/SF
− Vacancy
−$3.8K −$3.00/SF
EGI
$34.3K $27.00/SF
− OpEx
−$12.9K −$10.13/SF
NOI
$21.4K $16.88/SF
Area
Kendall 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 Rate 5%
$428,620
Cap Rate 7%
$306,157
Cap Rate 9%
$238,122
Alternative Uses
Best Use
Mixed Use
$306.2K
$267.9K – $357.2K
NOI $21,431 @ 7.0% cap · market cap 5.95%
Second Best
Office B
$250.2K
$218.9K – $291.9K
NOI $17,511 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$438.5K
$383.7K – $511.6K
NOI $30,693 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 60538, IL
28,898
Population
10,729
Households
2.7
Avg Household Size
34
Median Age
25%
College-Educated
90%
High-School Grad
9.7 sq mi
ZIP Area
2,979
Density / Sq Mi
$92,064
Median Household Income
$47,559
Median Earnings
$1,845
Median Rent
$253,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Live-work space - B1 zoning supports a commercial component alongside residential use in Montgomery.
Where is this live-work space located?
The property is located at 764 Montgomery Rd Montgomery, IL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: B1 zoning; Residence includes five sleeping rooms and 2.5 baths; Parking accommodates about 18–20 vehicles
