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    2657 Ogden Ave Downers Grove, IL 60515

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    For Sale
    Contact for pricing

    Prime Restaurant Site, 0.878 Acres, PUD Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.878-acre commercial land parcel in Downers Grove, Illinois, presents a unique investment opportunity. Located at 2657 Ogden Avenue, this pad-ready site boasts unparalleled visibility, situated directly adjacent to the newly opened 122-room WoodSpring Suites extended-stay hotel (December 2023 opening). All wet and dry utilities are conveniently located at the lot line, simplifying development. The property is zoned PUD, permitting the construction of a restaurant with a drive-through, ideal for a building up to 4,900 square feet. Its strategic location provides easy access to major thoroughfares including Ogden Avenue, I-355, and I-88, ensuring high traffic volume and customer accessibility. Further enhancing its appeal, the Downers Grove Park District is developing regional youth and travel team sports facilities directly to the south, creating a vibrant and growing community. This property is offered for sale or through a build-to-suit arrangement. Attractive owner/developer financing options are available, and the developer can provide comprehensive support, including architectural/design services, planning assistance, and construction management. This is a truly exceptional opportunity to establish a thriving business in a high-demand location. The property's zip code is 60515, and it's situated in DuPage County.

    Property Features for 2657 Ogden Ave

    General Information

    Property type
    Land
    Lot Size
    38,246 SF

    HighLights

    • 0.878‑acre pad‑ready restaurant site adjacent to the new 122‑room WoodSpring Suites hotel (opened December 2023).
    • High visibility with all utilities at the lot line.
    • Downers Grove Park District developing nearby youth sports facilities.
    • PUD zoning allows for a drive‑thru restaurant up to 4,900 SF.
    • 0.878 acres.
    • Excellent location with access to Ogden Ave, I‑355, and I‑88.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    DuPage
    State
    Illinois
    Longitude
    -88.05202
    Latitude
    41.803499

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    FAQs

    What type of property is this?
    Land - Prime Restaurant Site, 0.878 Acres, PUD Zoning
    Where is this land located?
    The property is located at 2657 Ogden Ave Downers Grove, IL.
    What are key features of this property?
    This property features: 0.878-acre pad-ready restaurant site adjacent to the new 122-room WoodSpring Suites hotel (opened December 2023).; High visibility with all utilities at the lot line.; Downers Grove Park District developing nearby youth sports facilities.
    Request Owner's contact information
    2657 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
    2657 Ogden Ave Downers Grove, IL 60515
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