Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3400 Lacey Rd Downers Grove, IL 60515-5430
    Back to Search
    Property profile & analytics

    3400 Lacey Rd Downers Grove, IL 60515-5430

    View on Map
    • Day care centers
    • 10,635 SF
    • 1.71 lot acres
    Off-Market
    Property ID
    US28-5777955
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bright Horizons at The Esplanade / Daycare Center

    Property Details for 3400 Lacey Rd

    Year built
    1992
    Lot size
    1.71 lot acres
    Property size
    10,635 SF
    Zone code
    C
    Property type
    Day care centers
    APN
    06-31-103-005
    APU
    631103005

    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
    -88.0305
    Latitude
    41.8251
    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
    $26,196
    $354,310
    $85,780
    $440,090
    -
    $1,062,930
    $257,340
    $1,320,270

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      4343 Main St

      FUNERAL HOME • 0.16 Acres
      4343 Main St, Downers Grove, IL 60515-2845
      View Details
    • Value Estimation by Request
      0.26 Acres

      4343 Main St

      FUNERAL HOME • 0.26 Acres
      4343 Main St, Downers Grove, IL 60515-2845
      View Details
    • Value Estimation by Request
      10,000 SF

      1030 Warren Ave

      CHARITABLE ORGANIZATION • 10,000 SF
      1030 Warren Ave, Downers Grove, IL 60515-3601
      View Details
    • Value Estimation by Request
      0.28 Acres

      5101 Belmont Rd

      CHARITABLE ORGANIZATION • 0.28 Acres
      5101 Belmont Rd, Downers Grove, IL 60515-4327
      View Details
    • Value Estimation
      $1,600,000
      13,370 SF

      4920 Main St

      FUNERAL HOME • 13,370 SF
      4920 Main St, Downers Grove, IL 60515-3611
      View Details
    • Value Estimation by Request
      11,183 SF

      4000 Saratoga Ave

      CHARITABLE ORGANIZATION • 11,183 SF
      4000 Saratoga Ave, Downers Grove, IL 60515-2003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      72,929 SF

      Downers Grove Specialty Property

      Specialty property available for sale in Downers Grove, Illinois.
      3131 Woodcreek Dr, Downers Grove, IL 60515
      View Details
    • $1,257,560

      Mixed-Use Investment Property For Sale

      Stable mixed-use investment with national credit tenant and residential units.
      425 Burlington Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing

      Restaurant Space Near Jewel-Osco

      Fully built-out restaurant space with high visibility and access.
      1014-1034 Ogden Ave, Downers Grove, IL 60515
      View Details
    • $614,900
      0.21 Acres

      Downers Grove Commercial Building

      Well-maintained commercial building suitable for various businesses.
      425 Ogden Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      1,852 SF

      Retail Property Near I-88/I-355

      1,852 SF retail property in Downers Grove, Illinois for sale.
      1227 Ogden Ave, Downers Grove, IL 60515
      View Details
    • $1,400,000

      Ogden Avenue Commercial Land Available

      Commercial land for sale on Ogden Avenue, Downers Grove.
      440 Ogden Ave, Downers Grove, IL 60515
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Industrial Space Near I-355

      Industrial space for rent with I-355 access.
      2460-2478 Wisconsin Ave, Downers Grove, IL 60515
      View Details
    • Sponsored
      Contact for pricing

      Executive Towers West

      Discover many ways to work your way in Executive Towers West
      1431 Opus Pl, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      243,915 SF

      Downers Grove Warehouse Space

      243,915 sqft warehouse space available for lease.
      2300 Warrenville Rd, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      5,736 SF

      Downers Grove Office Space Available

      Office space with reception area and large workstation space.
      2001 Butterfield Rd, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      4,020 SF

      Retail Space on Ogden Avenue

      Retail property for lease with high traffic and income.
      1229 Ogden Ave, 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.
    3400 Lacey Rd
    Downers Grove, IL 60515-5430
    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

    Thank You for Inquiry
    3400 Lacey Rd, Downers Grove, IL, 60515
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!