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    533 North Ave Elmhurst, IL 60126

    Sponsored
    For Sale
    $3,895,000

    26,562 SF Office, 14 Suites, $3.895M

    Property size:
    26,562 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional value-add investment opportunity presents a 26,562 square foot, multi-tenant office building situated on a 0.74-acre lot at 533 W North Ave, Elmhurst, IL 60126, in DuPage County. The Class B property, built in 1790 and renovated in 1991, features 14 executive suites ranging in size from 196 to 8,641 square feet, offering flexibility for various tenants. Currently at 46.8% occupancy, this presents a significant opportunity for increased revenue. The building boasts convenient amenities including elevator access to two floors, 80 parking spaces, and prominent frontage on North Avenue with monumental signage. The property is zoned O-1 and includes a wet sprinkler system. Its location offers easy access to Interstates 290 and 294, and is approximately 11 miles from Elmhurst Hospital. The asking price is $3,895,000, and the property is offered with seller financing and an assumable mortgage. Low DuPage County taxes further enhance this attractive investment. The building consists of one, two-story structure. This is a NNN lease type property.

    Property Features for 533 North Ave

    General Information

    Property type
    Medical offices
    Square Feet
    26,562 SF
    Class
    B
    Lot Size
    32,234 SF

    Building Details

    Year Built/Renovated
    1790/1991
    Buildings
    1
    Stories
    2
    Units
    14

    HighLights

    • 26,562 SF Office Building on 0.74‑acre lot.
    • 14 Executive Suites with Monument Signage.
    • Wet Sprinkler System and Elevator.
    • 80 Parking Spaces and North Avenue Frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Merwick and Associates Medical Clinic Dohse Anthony DDS Dentist Dr. Blake Garrett Oral Surgeon Dr. Patrick Omeara Internist Patchwork Therapy Social Worker

    Suggested Use

    Realty agency Law Firm Restaurant 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
    Elmhurst
    County
    DuPage
    State
    Illinois
    Longitude
    -87.959032416828
    Latitude
    41.905877835217

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    FAQs

    What type of property is this?
    Medical office - 26,562 SF Office, 14 Suites, $3.895M
    Where is this medical office located?
    The property is located at 533 North Ave Elmhurst, IL.
    What is the asking price?
    The asking price for this property is $3,895,000.
    What are key features of this property?
    This property features: 26,562 SF Office Building on 0.74-acre lot.; 14 Executive Suites with Monument Signage.; Wet Sprinkler System and Elevator.
    Request Owner's contact information
    533 North Ave Elmhurst, IL 60126
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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
    533 North Ave Elmhurst, IL 60126
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