103 Ogden Ave Clarendon Hills, IL 60514-1027
- Commercial real estate
- 3,497 SF
- 0.28 lot acres
Jun 30, 2021
Current Use by Public Records
- Commercial real estate
Property Details for 103 Ogden Ave
- Year built
- 2008
- Lot size
- 0.28 lot acres
- Property size
- 3,497 SF
- Zone code
- C
- Property type
- Commercial real estate
- APN
- 09-02-305-006
- APU
- 902305006
Description
This exceptional investment opportunity presents a fully leased, Class B office building located at 103 W. Ogden Ave, Clarendon Hills, IL 60514. The property boasts a total of 3,500 square feet of net rentable space, spread across two buildings and two stories, currently operating at 100% occupancy. Built in 2008 and extensively renovated in 2023, this property offers modern amenities and a desirable location. The building is zoned L-O and sits on a 0.3-acre lot. The asking price is $975,000, translating to a price per square foot of $278.57. The property is suitable for a variety of office uses, including executive, medical, and traditional office spaces, making it a versatile and attractive investment. The gross lease structure simplifies management, and the multi-tenancy provides a diversified income stream. This prime location in Clarendon Hills, DuPage County, Illinois offers excellent visibility and accessibility. This is a rare opportunity to acquire a fully leased, high-performing commercial property in a thriving market. The recent renovations ensure long-term value and minimize immediate capital expenditure needs. The strong tenant occupancy and favorable lease terms provide immediate cash flow and a secure return on investment. Don't miss this chance to add a high-quality asset to your portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $775,000
- ML approach
- $810,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $985,000
- 6.5%
- $910,000
- 7%
- $845,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $642,000
- AI Estimate
- $472,000
Market price range: $428k - $1.14MMarket price range: $281k - $738k
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Location Insight
- Map
- Local Demand
- City
- Clarendon Hills
- County
- Dupage
- State
- Illinois
- Longitude
- -87.9493
- Latitude
- 41.8103
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA