6900 Main St Downers Grove, IL 60516-3454

Property Details for 6900 Main St

Year built

1990

Lot size

1.00 lot acres

Property size

15,320 SF

Zone code

C

Property type

Office Properties & Spaces

APN

09-20-302-002

APU

920302002

Description

This exceptional investment opportunity presents two multi-tenant office buildings situated on a 2.05-acre lot in Downers Grove, Illinois. The property, encompassing 48,288 square feet, comprises 72 units across two, two-story buildings constructed in 1985 and 1989, with renovations completed in 1986 and 1990 respectively. Currently, the property boasts 39.97% occupancy, housing 32 tenants representing a diverse range of industries including financial services, legal practices, and logistics. The average tenant occupies approximately 442 square feet, mitigating risk and ensuring a more stable cash flow. The buildings are zoned C and offer ample parking, providing 2.8 spaces per 1,000 square feet. This prime location offers convenient access to major thoroughfares, including I-355 and I-55, and is just minutes from downtown Downers Grove. The asking price is $2,350,000, translating to $48.67 per square foot. This presents a compelling value-add opportunity in a desirable location with a strong potential for increased occupancy and rental income. The property benefits from its location in DuPage County, known for its favorable tax environment and high median household income of $101,377. This property is ideal for investors seeking a value-add project or users looking for significant space in a prime location.

Location Insight

City

Downers Grove

County

Dupage

State

Illinois

Longitude

-88.0089

Latitude

41.7623

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments