Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1355 Warren Ave Downers Grove, IL 60515-3442

    • Industrial properties
    • 1,035 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1230474
    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

    • Cut Right Landscaping / Lawn Care Service
    • Frank Savino Landscape / Service Establishment / Mulch Supplier
    • Pinpoint Land Holdings LLC / Holding Company
    • Competitive Lawn Service / Lawn Care Service

    Property Details for 1355 Warren Ave

    Year built
    1963
    Lot size
    1.23 lot acres
    Property size
    1,035 SF
    Zone code
    I
    Property type
    Industrial properties
    APN
    09-07-218-001
    APU
    907218001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0201
    Latitude
    41.7959
    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
    $2,048
    $26,940
    $7,510
    $34,450
    -
    $80,820
    $22,530
    $103,350

    Comparable in this City

    • Value Estimation by Request
      4.62 Acres

      2711 Curtiss St

      INDUSTRIAL (GENERAL) • 4.62 Acres
      2711 Curtiss St, Downers Grove, IL 60515-4002
      View Details
    • Value Estimation
      $13,050,000
      175,120 SF

      3600 Lacey Rd

      INDUSTRIAL (GENERAL) • 175,120 SF
      3600 Lacey Rd, Downers Grove, IL 60515-5495
      View Details
    • Value Estimation
      $15,640,000
      5.39 Acres

      5300 Katrine Ave

      INDUSTRIAL (GENERAL) • 5.39 Acres
      5300 Katrine Ave, Downers Grove, IL 60515-4049
      View Details
    • Value Estimation
      $1,050,000
      0.99 Acres

      5280 Belmont Rd

      INDUSTRIAL (GENERAL) • 0.99 Acres
      5280 Belmont Rd, Downers Grove, IL 60515-4316
      View Details
    • Value Estimation by Request
      8.86 Acres

      2500 Curtiss St

      INDUSTRIAL (GENERAL) • 8.86 Acres
      2500 Curtiss St, Downers Grove, IL 60515-4058
      View Details
    • Value Estimation by Request
      0.97 Acres

      2550 Wisconsin Ave

      INDUSTRIAL (GENERAL) • 0.97 Acres
      2550 Wisconsin Ave, Downers Grove, IL 60515-4242
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      51,200 SF

      Downers Grove Warehouse/Distribution Space

      Pristine 12,800 SF unit near I-355 and Metra.
      5365 Walnut Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      18,740 SF

      Downers Grove Warehouse with Storage

      18,740 SF warehouse with fenced outdoor storage and office.
      5240 Thatcher Dr, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      72,929 SF

      Downers Grove Industrial Facility

      72,929 SF industrial facility with specialized food production capabilities.
      3131 Woodcreek Dr, Downers Grove, IL 60515
      View Details
    • $2,500,000
      1.00 Acre

      Downers Grove Commercial Property

      Multiple-use property in a high-traffic retail corridor.
      1340 Ogden Ave, Downers Grove, IL 60515
      View Details
    • $2,500,000
      1.00 Acre

      Downers Grove Commercial Property

      Multiple-use property in a high-traffic retail corridor.
      1340 Ogden Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      0.88 Acres

      Ogden Ave Commercial Land - Downers Grove

      Prime Restaurant Site, 0.878 Acres, PUD Zoning
      2657 Ogden Ave, Downers Grove, IL 60515
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,520 SF

      Downers Grove Warehouse For Lease

      12,000 SF Industrial Space Available
      5200 Katrine Ave, Downers Grove, IL 60515
      View Details
    • $12 SF/Yr
      46,000 SF

      Prime DuPage County Warehouse Space

      9,000 SF Warehouse; Excellent I-355 Access
      2460 Wisconsin Ave Downers Grv, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      5,070 SF

      Downers Grove Flex Space Available

      Well-maintained flex space near I-355 and Maple Avenue.
      5201 Thatcher Rd, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      14,706 SF

      Downers Grove Warehouse Space

      5,070 SF Industrial Space Available
      5155 Thatcher Rd, Downers Grove, IL 60515
      View Details
    • $12 SF/Yr
      46,000 SF

      Downers Grove Industrial Space

      Industrial space for lease in Ellsworth Industrial Park.
      2460-2478 Wisconsin Ave, Downers Grove, IL 60515
      View Details
    • $22 SF/Yr
      8,511 SF

      Highland Atrium Office Suites

      Downers Grove medical/creative office space
      1101 31St St, Downers Grove, IL 60515
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1355 Warren Ave
    Downers Grove, IL 60515-3442
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.