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Property profile & analytics
OFF-MARKET
Office Spaces

240 West Ave Elmhurst, IL 60126

2,112 SF 0.31 ac lot Built 1978
Property ID
Property summary
AI-generated overview

This exceptional 2,112 square foot office building, situated on a 0.31-acre lot at 240 N West Avenue in Elmhurst, IL, presents a compelling investment opportunity. Its prime location offers excellent visibility and convenient access to major highways and intersections. The property boasts a private front parking lot with ample space for 12 vehicles, ensuring convenient parking for tenants and visitors. The building is comprised of three distinct rental levels, each offering unique spaces. The first floor features a welcoming front lobby leading to a large main office, three additional spacious individual offices, each with its own private bathroom, and a convenient kitchenette area with microwave and refrigerator. The second floor provides a substantial front office space and two more private offices. The lower level also includes a large front room and a separate private office. This well-maintained building offers significant potential for rental income generation, making it an attractive investment in a highly desirable Elmhurst location. The property's excellent visibility and convenient access to major transportation routes further enhance its appeal. This is a rare opportunity to acquire a well-positioned, multi-unit office building with strong income potential. The property is priced at $745,000.

Property profile
Verified
Property type Office Spaces
Year built 1978
Total area 2,112 SF
Lot 0.31 ac (13,504 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
  • Miller Marketing Group Inc Advertising Agency Marketing & Advertising
  • Elmhurst Independent-Friendly Publishing House Newspaper & Magazine
  • Quest Publishing Publishing House
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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