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Property profile

1240 Il-83 Bensenville, IL 60106

OFF-MARKET
Office Spaces
4,214 SF 1.5 ac lot Built 1989
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Property summary

AI-generated overview

This exceptional 4,214-square-foot Class A office building presents a unique redevelopment opportunity in Bensenville, Illinois. Situated on a 1.5-acre lot at 1240 IL-83, this single-story, freestanding structure boasts 17 individual rooms, making it highly versatile for a variety of uses. Recently renovated in 2021, the building is in excellent condition and is currently vacant. The property features C-2 commercial zoning, allowing for diverse business applications. Its prime location on a busy thoroughfare with over 39,000 vehicles per day ensures high visibility and accessibility. The asking price is $1,550,000, translating to $367.82 per square foot. This is a gross lease property, ideal for owner-users seeking a modern, well-maintained space or investors looking for a prime redevelopment project. The building's 1989 construction date, coupled with the 2021 renovation, offers a blend of established infrastructure and contemporary updates. Located just one block south of Devon Avenue, west of Route 83, this property offers unparalleled convenience and exposure in the thriving Bensenville market. The property's APN is 03-03-203-020. This is a rare opportunity to acquire a standalone building with significant potential in a high-traffic area.

Property profile

Verified
Property type Office Spaces
Year built 1989
Total area 4,214 SF
Lot 1.5 ac (65,340 SF)

Cap rate & NOI

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

Location

1240 Il-83 Bensenville, IL 60106
Bensenville metro
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Value estimations

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Owner & transaction history

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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