533 North Ave Elmhurst, IL 60126
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.
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Merwick and Associates Medical Clinic
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Dohse Anthony DDS Dental Office
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Dr. Blake Garrett Dental Office
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Dr. Patrick Omeara Physician
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Patchwork Therapy Foster Care Service Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.