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5117 Main St Downers Grove, IL 60515-4654

OFF-MARKET Commercial land Google Maps
0.01 ac lot
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$230k
Range $207k – $253k (±10%)
Property ID US28-3319380

Property summary

AI-generated overview

This exceptional office space at 5117 Main Street in downtown Downers Grove offers a unique blend of traditional and creative office environments. The first-floor loft-style suite boasts a recently completed renovation, showcasing modern finishes throughout. The space includes two private offices, a dedicated conference room, a stylish open kitchen bar perfect for informal meetings or collaborative work, a welcoming reception area, and a private bathroom. This sublease opportunity presents significantly below-market rental rates, making it an attractive option for businesses seeking a cost-effective yet sophisticated workspace. Alternatively, a lower-level suite is also available, offering convenient access to utilities, high-speed WIFI, a shared conference room, and a shared kitchen. The building's enviable location places it within half a block of the Metra Train Station, providing easy access to public transportation. Numerous amenities are within walking distance, including Starbucks, Peet's Coffee, the Downers Grove Public Library, the Post Office, a public parking garage, the Tivoli Theatre, and a variety of shopping and dining options. This property is ideal for businesses seeking a vibrant, well-connected, and fully equipped office space in the heart of Downers Grove. Monthly rent for the first-floor suite starts at $450. The lower-level suite's rental rate is not specified. Both options offer a compelling combination of convenience, modern amenities, and an unbeatable downtown location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.01 ac (436 SF)
APN 09-08-303-025
UPID US28-3319380

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Law Firm
  • Real Estate Agency
  • Medical Group
  • Counselor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2017
2 recorded transactions
2021
Price N/A
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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