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    709 Ogden Ave Downers Grove, IL 60515

    Sponsored
    For Sale
    $1,150,000

    Prime Downers Grove commercial lot, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.57-acre commercial land parcel, located at 709 Ogden Avenue in Downers Grove, Illinois, presents a unique investment opportunity. The property boasts a highly desirable B-3 zoning designation within the Downers Grove TIF District, making it ideally suited for a variety of commercial uses, including retail or medical facilities. The lot encompasses 25,102 square feet and features a 1,902-square-foot existing building, and is fully fenced for security. This corner lot benefits from exceptional visibility and accessibility, situated on Ogden Avenue, a major thoroughfare experiencing over 40,000 vehicles daily. The strong demographics and high traffic counts ensure significant potential for any commercial venture. The property's location within the TIF District opens the possibility of financial assistance, contingent upon the proposed development plan. The asking price is $1,150,000. Please note: Do not disturb the tenant. This property is offered with broker co-op. Zip code is 60515, and the property is in DuPage County.

    Property Features for 709 Ogden Ave

    General Information

    Property type
    Land

    HighLights

    • 0.57‑acre commercial lot in Downers Grove, IL (60515), DuPage County.
    • B‑3 zoning in Downers Grove TIF District, suitable for retail or medical uses.
    • 25,102 sq ft lot with a 1,902 sq ft existing building; fully fenced.
    • High visibility corner lot on Ogden Ave (40,000+ vehicles daily).
    • Asking price: $1,150,000; Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Discount Fence Company, ... Fence Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0027664
    Latitude
    41.808974

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    FAQs

    What type of property is this?
    Land - Prime Downers Grove commercial lot, high traffic.
    Where is this land located?
    The property is located at 709 Ogden Ave Downers Grove, IL.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 0.57-acre commercial lot in Downers Grove, IL (60515), DuPage County.; B-3 zoning in Downers Grove TIF District, suitable for retail or medical uses.; 25,102 sq ft lot with a 1,902 sq ft existing building; fully fenced.
    Request Owner's contact information
    709 Ogden Ave Downers Grove, IL 60515
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    Downers Grove, IL 60515
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    709 Ogden Ave Downers Grove, IL 60515
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