Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8000 Lemont Rd Downers Grove, IL 60516
    Back to Search
    Property profile & analytics

    8000 Lemont Rd Downers Grove, IL 60516

    View on Map
    • Land
    • 14.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 8000 Lemont Rd

    Lot size
    14.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 14-acre industrial land parcel presents a compelling investment opportunity in Woodridge, Illinois. Located at 8000 Lemont Road, 60516, this property boasts an ORI zoning designation, permitting a variety of uses including light manufacturing, office space, and logistics/transportation facilities. Its strategic location offers easy access to regional transportation networks, making it an ideal site for businesses needing efficient distribution capabilities. The site benefits from being in a pro-business municipality with low DuPage County taxes, further enhancing its attractiveness. The surrounding area demonstrates strong market performance, with a 97% occupancy rate within the 12.7 million square foot office-warehouse sector. This infill opportunity allows for immediate development, capitalizing on the high demand for industrial space in this thriving region. The property's centralized location and access to major transportation arteries provide unparalleled logistical advantages. This is a rare chance to acquire a significant land parcel in a highly sought-after area, poised for immediate development and long-term growth. The asking price is $2,750,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0155
    Latitude
    41.7427

    Comparable in this City

    • Value Estimation by Request
      5,120 SF

      9th Kearney Rd

      INDUSTRIAL (GENERAL) • 5,120 SF
      9th Kearney Rd, Downers Grove, IL 60516
      View Details
    • Value Estimation by Request
      4.49 Acres

      8110 Lemont Rd

      INDUSTRIAL (GENERAL) • 4.49 Acres
      8110 Lemont Rd, Downers Grove, IL 60516-4214
      View Details
    • Value Estimation
      $4,740,000
      70,930 SF

      501 63rd St

      INDUSTRIAL (GENERAL) • 70,930 SF
      501 63rd St, Downers Grove, IL 60516-2024
      View Details
    • Value Estimation
      $2,980,000
      43,818 SF

      63rd St

      INDUSTRIAL (GENERAL) • 43,818 SF
      63rd St, Downers Grove, IL 60516
      View Details
    • Value Estimation by Request
      1,143 SF

      7908 Lemont Rd

      WAREHOUSE, STORAGE • 1,143 SF
      7908 Lemont Rd, Downers Grove, IL 60516-4218
      View Details
    • Value Estimation
      $5,535,000
      91,466 SF

      7908 Lemont Rd

      WAREHOUSE, STORAGE • 91,466 SF
      7908 Lemont Rd, Downers Grove, IL 60516-4218
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downes Grove Land For Sale

      1.651 acre land parcel available in Downes Grove, Illinois.
      400 Frontage Rd, Downers Grove, IL 60516
      View Details
    • Contact for pricing

      Downers Grove Land For Sale

      1.3 acres of land available in Downers Grove, Illinois.
      325 Oldfield Rd, Downers Grove, IL 60516
      View Details
    • $99,000

      Downers Grove Land For Sale

      Residential land available in Downers Grove, Illinois.
      1003 Oxford St, Downers Grove, IL 60516
      View Details
    • $50,000

      Downers Grove Land For Sale

      Commercial land available in Downers Grove, Illinois.
      5801 Springside Ave, Downers Grove, IL 60516
      View Details
    • Contact for pricing

      Downers Grove Commercial Land Available

      Commercial land with high traffic and drive-thru potential.
      7351 Lemont Rd, Downers Grove, IL 60516
      View Details
    • $3,995,000

      New Construction Panera Restaurant

      Single-tenant Panera restaurant in Downers Grove, Chicago MSA.
      7361 Lemont Rd, Downers Grove, IL 60516
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      217,100 SF

      Woodridge Warehouse Space Available

      217,100 sqft warehouse/distribution space for lease in Woodridge, IL.
      8110-8118 Lemont Rd, Woodridge, IL 60516
      View Details
    • Contact for pricing
      5,600 SF

      Retail Space in Downers Grove

      Redeveloped retail space with anchor and outlot opportunities available.
      2099 63Rd St, Downers Grove, IL 60516
      View Details
    • Contact for pricing

      Retail Space in Downers Grove

      Retail spaces available in redeveloped Downers Grove shopping center.
      2147 63Rd St, Downers Grove, IL 60516
      View Details
    • Contact for pricing
      3,543 SF

      Former Urgent Care Outlot

      Well-equipped retail/medical space in prime location.
      1560 75Th St, Downers Grove, IL 60516
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Medical office space available in Greenbriar Medical Center.
      6800 Main St, Downers Grove, IL 60516
      View Details
    • Contact for pricing
      6,340 SF

      Retail Space with Renovation Planned

      Retail spaces available with planned renovations and drive-thru potential.
      2003-2055 63Rd St, Downers Grove, IL 60516
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8000 Lemont Rd
    Downers Grove, IL 60516
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8000 Lemont Rd, Downers Grove, IL, 60516
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!