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    5117 Main St Downers Grove, IL 60515

    For Lease
    $22 SF/Yr

    Modern Office Space, Prime Location

    Lot size:
    1,636 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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 Features for 5117 Main St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,636 SF

    Unit(s) available at that property

    Space
    Suite 8
    Size
    150 SF
    Rate per SF
    $36
    Space
    Suite C
    Size
    1,486 SF
    Rate per SF
    $22

    HighLights

    • Downtown Downers Grove location.
    • First‑floor loft‑style suite available for lease, fully renovated.
    • Features two private offices, conference room, open kitchen, reception area, and private bath.
    • Sublease opportunity with below‑market rent.
    • Lower‑level suite available with utilities, Wi‑Fi, shared conference room, and shared kitchen.
    • Half‑block from Metra station, Starbucks, Peet's Coffee, library, post office, parking garage, Tivoli Theater, shopping, and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wells Fargo Advisors ... Investment Service Zaba Law Group, ... Real Estate Attorney CityGate Real Estate, ... Real Estate Agency Jeni Medical Group Medical Group Tamakisha Meeks Counselor

    Suggested Use

    Law Firm Restaurant Realty agency 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
    Downers Grove
    County
    Dupage
    State
    Illinois
    Longitude
    -88.009993
    Latitude
    41.7944329

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    FAQs

    What type of property is this?
    Office space - Modern Office Space, Prime Location
    Where is this office space located?
    The property is located at 5117 Main St Downers Grove, IL.
    What is the lease rate?
    The lease rate is $22-$36 SF/Yr.
    What are key features of this property?
    This property features: Downtown Downers Grove location.; First-floor loft-style suite available for lease, fully renovated.; Features two private offices, conference room, open kitchen, reception area, and private bath.
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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
    5117 Main St Downers Grove, IL 60515
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