520 Ogden Ave Naperville, IL 60563
- Commercial real estate
- 1,809 SF
- 0.19 lot acres
Current Use by Public Records
- Eden Healing Massage / Massage Therapist
Property Details for 520 Ogden Ave
- Year built
- 2005
- Lot size
- 0.19 lot acres
- Property size
- 1,809 SF
- Zone code
- C
- Property type
- Commercial real estate
- APN
- 08-07-318-003
- APU
- 807318003
Description
This exceptional investment opportunity presents a two-story, 1,809 square foot office/retail building ideally situated on Ogden Avenue in Naperville, Illinois. The property boasts six individual units, each equipped with a half-bathroom and in-window air conditioning, providing flexibility for various tenants. Ample parking is available with over eleven exterior spaces. Significant recent upgrades enhance the property's value and curb appeal. These improvements include a new roof installed in 2018, exterior painting completed in 2018, and the installation of new windows. The building's prime location on Ogden Avenue ensures high visibility and accessibility, making it an attractive proposition for both tenants and investors. The property is offered at $499,000 and presents a compelling return on investment. This is a turn-key opportunity for an astute investor seeking a well-maintained, high-traffic commercial property in a thriving Naperville location. The building's strong condition and recent upgrades minimize immediate capital expenditure needs, allowing for a swift return on investment. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $505,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $355,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $375,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $380,000
- Mixed-Use
- $350,000
- Hospitality
- $320,000
- Educational
- $400,000
- Residential Income
- $370,000
- Energy
- $325,000
- Income-Based Land
- $335,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Naperville
- County
- Dupage
- State
- Illinois
- Longitude
- -88.1392
- Latitude
- 41.7855
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA