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Property profile & analytics
OFF-MARKET
Office Spaces

533 North Ave Elmhurst, IL 60126

26,562 SF 0.74 ac lot Built 1790
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Year built 1790
Total area 26,562 SF
Lot 0.74 ac (32,234 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Merwick and Associates Medical Clinic
  • Dohse Anthony DDS Dental Office
  • Dr. Blake Garrett Dental Office
  • Dr. Patrick Omeara Physician
  • Patchwork Therapy Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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