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    709 Ogden Ave Downers Grove, IL 60515

    • Commercial real estate
    • 1,904 SF
    • 0.19 lot acres
    For Sale
    View listing
    $1,150,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-1399976
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Discount Fence Company, Inc. / Fence Contractor

    Property Details for 709 Ogden Ave

    Year built
    1953
    Lot size
    0.19 lot acres
    Property size
    1,904 SF
    Zone code
    N
    Property type
    Commercial real estate
    APN
    09-05-401-003
    APU
    905401003

    Description

    This exceptional 0.57-acre commercial land parcel, located at 709 Ogden Avenue in Downers Grove, Illinois, presents a unique investment opportunity. The property boasts a highly desirable B-3 zoning designation within the Downers Grove TIF District, making it ideally suited for a variety of commercial uses, including retail or medical facilities. The lot encompasses 25,102 square feet and features a 1,902-square-foot existing building, and is fully fenced for security. This corner lot benefits from exceptional visibility and accessibility, situated on Ogden Avenue, a major thoroughfare experiencing over 40,000 vehicles daily. The strong demographics and high traffic counts ensure significant potential for any commercial venture. The property's location within the TIF District opens the possibility of financial assistance, contingent upon the proposed development plan. The asking price is $1,150,000. Please note: Do not disturb the tenant. This property is offered with broker co-op. Zip code is 60515, and the property is in DuPage County.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $305,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $280,000
      Mixed-Use
      $335,000
      Hospitality
      $335,000
      Educational
      $315,000
      Residential Income
      $325,000
      Energy
      $300,000
      Income-Based Land
      $290,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0028
    Latitude
    41.8089
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,468
    $53,430
    $38,560
    $91,990
    -
    $160,290
    $115,680
    $275,970

    Comparable in this City

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    • Value Estimation
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      0.55 Acres

      2015 Ogden Ave

      COMMERCIAL (GENERAL) • 0.55 Acres
      2015 Ogden Ave, Downers Grove, IL 60515-2621
      View Details
    • Value Estimation
      $260,000
      987 SF

      5151 Mochel Dr Ste, Unit 303

      COMMERCIAL CONDOMINUIM • 987 SF
      5151 Mochel Dr Ste, Downers Grove, IL 60515-5078
      View Details
    • Value Estimation
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      5.26 Acres

      1436 Grant St

      COMMERCIAL (GENERAL) • 5.26 Acres
      1436 Grant St, Downers Grove, IL 60515-2714
      View Details
    • Value Estimation
      $1,030,000
      0.48 Acres

      5201 Walnut Ave

      COMMERCIAL (GENERAL) • 0.48 Acres
      5201 Walnut Ave, Downers Grove, IL 60515-4071
      View Details

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    709 Ogden Ave
    Downers Grove, IL 60515
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    Realmo Value Estimation

    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.

    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.

    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
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