Property profile

1401 Branding Ave Downers Grove, IL 60515

FOR LEASE
Office buildings
Property ID
US28-2538778
39,520 SF 2.21 ac lot Built 1984
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This three-story, 38,000 square foot Class B office building, located at 1401 Branding Ave in Downers Grove, Illinois (zip code 60515), presents a compelling opportunity for businesses seeking a well-situated location. Constructed in 1985, the building features a traditional office layout suitable for multiple tenants. Its strategic location offers exceptional convenience, with close proximity to the Yorktown Center shopping mall, providing employees with ample retail and dining options. The property benefits from easy access to major transportation arteries, including Interstates 88 and 355, ensuring seamless commutes for employees and clients. The surrounding area boasts a diverse range of restaurants, from fast-casual eateries to upscale dining establishments, catering to various preferences. This property is ideal for businesses seeking a functional and accessible office space in a vibrant and convenient location. The building's multiple tenancy structure offers flexibility for businesses of varying sizes. Further details regarding lease terms and available space are available upon request.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Total area 39,520 SF
Lot 2.21 ac (96,268 SF)
Zoning code C
APN 06-30-409-025
UPID US28-2538778

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Engineering Consultant
  • Training Center
  • Engineering Consultant
  • Engineer
  • Engineering Consultant

Location

1401 Branding Ave Downers Grove, IL 60515
Downers Grove metro Census 844401 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.78M
Blend (final) Blend
$785k

Owner & transaction history

since 2016
3 recorded transactions
2021
Price N/A
2020
Price N/A
2016
Price N/A

Zoning & alternative use

C · Downers Grove, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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