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    707 Iowa Ave Villa Park, IL 60181

    For Sale
    $999,000

    10,200 SF renovated office, great location.

    Property size:
    10,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This fully renovated, 10,200 square foot, single-story office building presents a unique investment opportunity in Villa Park, Illinois. Situated on a 22,216 square foot lot at 707-717 N Iowa Ave, this freestanding property boasts a convenient location, immediately off North Avenue (IL Rte. 64) and Addison Road, just one mile west of IL Rte 83 and 13 miles from O'Hare International Airport (ORD). The building, constructed in 1961, features M-1 zoning, allowing for flexibility in its use. Currently configured as a move-in-ready office space with a small storage component and a drive-in door, the property offers significant versatility. Originally a four-unit flex building, it can be easily converted back to its previous multi-tenant configuration, providing options for owner-users to occupy the entire space, lease half, or return it to a multi-tenant flex building. The property includes 35 designated parking spaces, supplemented by ample street parking. The asking price is $999,000, translating to $97.94 per square foot. This presents a compelling opportunity for a variety of users seeking a well-located, adaptable commercial space in the thriving DuPage County market. The property's APN is 06-04-209-018.

    Property Features for 707 Iowa Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,200 SF
    Class
    C

    Building Details

    Year Built
    1961
    Buildings
    1
    Stories
    1

    HighLights

    • 10,200 SF single‑story office building for sale in Villa Park, IL.
    • Fully renovated, move‑in ready office space with storage and drive‑in door.
    • M‑1 zoning.
    • 35 designated parking spaces plus ample street parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Midwest Information Systems Corporate Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Villa Park
    County
    DuPage
    State
    Illinois
    Longitude
    -87.987040110094
    Latitude
    41.903622557491

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    FAQs

    What type of property is this?
    Individual retail property - 10,200 SF renovated office, great location.
    Where is this individual retail property located?
    The property is located at 707 Iowa Ave Villa Park, IL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: 10,200 SF single-story office building for sale in Villa Park, IL.; Fully renovated, move-in ready office space with storage and drive-in door.; M-1 zoning.
    (312) 676-1862
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    707 Iowa Ave Villa Park, IL 60181
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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
    707 Iowa Ave Villa Park, IL 60181
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