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    Property profile & analytics

    4115 Fairview Ave Downers Grove, IL 60515-2268

    • Medical offices
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $2,215,000
    Last Sale
    Dec 01, 2021
    $1,950,000
    Location Intelligence
    Property ID
    US28-1220910
    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

    • Lorraine Hardman, PT / Physical Therapist
    • Perillo Kelly A / Physician Assistant
    • Marybeth Bolanowski, PA / Orthopedic Surgeon
    • Vijay Thangamani, MD / Orthopedic Surgeon
    • M&M Orthopaedics: Ellen Voronov / Orthopedic Surgeon

    Property Details for 4115 Fairview Ave

    Lot size
    0.18 lot acres
    Zone code
    V
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    09-04-110-031
    APU
    904110031

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,005,000
      6.5%
      $1,995,000
      7%
      $1,805,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,005,000
      Geo Method
      $1,835,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,185,000
      Retail
      $2,115,000
      Mixed-Use
      $1,885,000
      Hospitality
      $2,140,000
      Educational
      $1,785,000
      Residential Income
      $2,045,000
      Energy
      $1,965,000
      Income-Based Land
      $2,250,000
      Food Service
      $2,245,000

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9947
    Latitude
    41.8107
    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
    $2,306
    $38,790
    $0.00
    $38,790
    -
    $116,370
    $0.00
    $116,370

    Comparable in this City

    • Value Estimation
      $1,385,000
      7,860 SF

      1250 Ogden Ave, Unit 4

      MEDICAL BUILDING • 7,860 SF
      1250 Ogden Ave, Downers Grove, IL 60515-2740
      View Details
    • Value Estimation
      $475,000
      4,592 SF

      1225 Warren Ave

      MEDICAL BUILDING • 4,592 SF
      1225 Warren Ave, Downers Grove, IL 60515-3500
      View Details
    • Value Estimation
      $815,000
      7,756 SF

      1034 Warren Ave

      MEDICAL BUILDING • 7,756 SF
      1034 Warren Ave, Downers Grove, IL 60515-3601
      View Details
    • Value Estimation
      $225,000
      0.16 Acres

      4333 Main St

      MEDICAL BUILDING • 0.16 Acres
      4333 Main St, Downers Grove, IL 60515-2869
      View Details
    • Value Estimation
      $2,115,000
      5,813 SF

      4900 Main St

      MEDICAL BUILDING • 5,813 SF
      4900 Main St, Downers Grove, IL 60515-3611
      View Details
    • Value Estimation
      $235,000
      0.16 Acres

      4333 Main St

      MEDICAL BUILDING • 0.16 Acres
      4333 Main St, Downers Grove, IL 60515-2869
      View Details

    Similar Nearby for Sale

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      Downers Grove Commercial Building

      Well-maintained commercial building suitable for medical or professional offices.
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      Redevelopment Opportunity in Downers Grove

      Former veterinary office with apartment, ideal for redevelopment.
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      Downers Grove Office Condo

      Exceptional office condo in a prime Downers Grove location.
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      Ogden Ave Commercial Land - Downers Grove

      Prime Downers Grove commercial lot, high traffic.
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    • $799,000
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      Retail Property Near I-88/I-355

      1,852 SF retail property in Downers Grove, Illinois for sale.
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    Similar Nearby for Lease

    • $22 SF/Yr
      8,511 SF

      Highland Atrium Office Suites

      Downers Grove medical/creative office space
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      View Details
    • Contact for pricing

      Downers Grove Medical Office Space

      Shared medical office space in Downers Grove, available January 1st.
      1121 Warren Ave, Downers Grove, IL 60515
      View Details
    • $999,000
      2,000 SF

      Fully Equipped Dental Suite

      Prime dental suite with 4 operatories in Downers Grove.
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      View Details
    • Contact for pricing
      21,154 SF

      Medical Office Space Available

      Medical office space for lease near Advocate Good Samaritan Hospital.
      3800 Highland Ave, Downers Grove, IL 60515
      View Details
    • $22 SF/Yr
      2,300 SF

      Downers Grove Office Space

      Former dental office in downtown Downers Grove available for rent.
      5145 Washington St, Downers Grove, IL 60515
      View Details
    • $32 SF/Yr
      7,288 SF

      Downers Grove Office Space Available

      Office space with reception area and large workstation space.
      2001 Butterfield Rd, Downers Grove, IL 60515
      View Details
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    Downers Grove, IL 60515-2268
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    Realmo Value Estimation

    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.

    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.

    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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