Property profile

27 East Park Blvd Villa Park, IL 60181

FOR LEASE
Investment properties
Property ID
US28-0093012
11,346 SF 0.18 ac lot Built 1928
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional property at 27 E Park Blvd offers a unique opportunity to lease versatile office space in a historic building constructed in 1928. The building totals 2,611 square feet and is currently fully vacant, presenting a blank canvas for your business. The flexible layout allows for various configurations to suit diverse needs. Two distinct spaces are immediately available: a first-floor retail or office suite measuring 900 square feet, ideal for a smaller business or satellite office, and a second-floor office space spanning 1,711 square feet, perfect for a larger team or expanding company. The building's adaptable nature makes it suitable for a range of office types, including traditional, executive, creative, and even medical practices. The multiple tenancy option provides flexibility for businesses of different sizes and requirements. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prestigious address in a vibrant area. The entire 2,611 square foot building is available for lease, providing an opportunity for a single tenant to occupy the entire space. This presents a rare chance to establish a significant presence in a desirable location. Inquire today to explore the possibilities.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1928
Total area 11,346 SF
Lot 0.18 ac (7,841 SF)
Zoning code C
APN 06-10-118-012
UPID US28-0093012

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
  • Law Firm
  • Law Firm Insurance Agency
  • Association Or Organization

Location

27 East Park Blvd Villa Park, IL 60181
Villa Park metro Census 843700 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$985k
CAP Approach CAP
by Request
Comparable Approach Comparable
$698k
Blend (final) Blend
$985k

Owner & transaction history

since 2024
Last sale
$985,000
7 recorded transactions
2024
$985,000
2024
Price N/A
2024
Price N/A
2023
Price N/A
2021
$430,000
2020
Price N/A
2018
Price N/A

Zoning & alternative use

C · Villa Park, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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