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    1711 Ogden Ave Downers Grove, IL 60515-2604
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    Property profile & analytics

    1711 Ogden Ave Downers Grove, IL 60515-2604

    View on Map
    • Auto shops
    • 3,551 SF
    • 0.35 lot acres
    Off-Market
    Last Sale Nov 26, 2024
    $1,000,000
    Property ID
    US28-0449228
    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.
    Value Estimations
    $800,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A-Tec Auto Repair / Auto Repair Shop

    Property Details for 1711 Ogden Ave

    Year built
    1996
    Lot size
    0.35 lot acres
    Property size
    3,551 SF
    Zone code
    V
    Property type
    Auto shops
    APN
    09-06-305-001
    APU
    906305001

    Description

    This exceptional 3,500 square foot retail property, located at 1711 Ogden Avenue in Downers Grove, Illinois, presents a unique investment opportunity. Built in 1996, the building sits on a sizable 15,072 square foot lot and is zoned V for retail/commercial use, offering significant flexibility for a variety of businesses. Currently configured as an auto shop, the adaptable layout easily accommodates diverse retail or service-oriented enterprises. The property boasts prime visibility and high traffic counts due to its location on a busy thoroughfare in Downers Grove. Ample parking is available, ensuring convenient access for customers and employees. The surrounding area is thriving, with numerous established businesses creating a vibrant commercial environment. This property is ideal for entrepreneurs seeking a high-visibility location in a strong market, offering the potential for significant return on investment. The asking price is $1,200,000. The property's address is 1711 Ogden Ave, Downers Grove, IL 60515.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    Dupage
    State
    Illinois
    Longitude
    -88.027
    Latitude
    41.8078
    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
    $11,770
    $99,060
    $98,950
    $198,010
    -
    $297,180
    $296,850
    $594,030

    Comparable in this City

    • Value Estimation
      $1,040,000
      1,952 SF

      1500 Ogden Ave

      AUTO REPAIR, GARAGE • 1,952 SF
      1500 Ogden Ave, Downers Grove, IL 60515-2735
      View Details
    • Value Estimation by Request
      7,566 SF

      523 Ogden Ave

      AUTO REPAIR, GARAGE • 7,566 SF
      523 Ogden Ave, Downers Grove, IL 60515-3027
      View Details
    • Value Estimation
      $1,065,000
      35,557 SF

      1866 Ogden Ave

      AUTO REPAIR, GARAGE • 35,557 SF
      1866 Ogden Ave, Downers Grove, IL 60515-2603
      View Details
    • Value Estimation by Request
      840 SF

      1233 Ogden Ave

      AUTO REPAIR, GARAGE • 840 SF
      1233 Ogden Ave, Downers Grove, IL 60515-2718
      View Details
    • Value Estimation by Request
      0.28 Acres

      330 Ogden Ave

      AUTO REPAIR, GARAGE • 0.28 Acres
      330 Ogden Ave, Downers Grove, IL 60515-3141
      View Details
    • Value Estimation
      $500,000
      10,588 SF

      845 Ogden Ave

      AUTO REPAIR, GARAGE • 10,588 SF
      845 Ogden Ave, Downers Grove, IL 60515-2937
      View Details

    Similar Nearby for Sale

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      Downers Grove Office Building For Sale

      Professionally maintained office building with excellent potential in Downers Grove.
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    Similar Nearby for Lease

    • Contact for pricing
      4,020 SF

      Retail Space on Ogden Avenue

      Retail property for lease with high traffic and income.
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      Retail Space with National Retailers

      Retail space available alongside national and regional retailers.
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      Downtown Downers Grove Retail Space

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      11,000 SF

      Downers Grove Retail Opportunity

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      10,910 SF

      Former Pharmacy Retail Space Available

      Retail space in Downers Grove with high traffic volume.
      400 Ogden Ave, Downers Grove, IL 60515
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    • Contact for pricing
      2,500 SF

      Retail Space Near Interstate 355

      Retail space with high visibility and ample parking available for rent.
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      View Details
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    Downers Grove, IL 60515-2604
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    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
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