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Property profile & analytics

4910 Main St Downers Grove, IL 60515-3611

  • Office Properties & Spaces
  • 2,277 SF
  • 0.16 lot acres
OFF-MARKET
Last Sale
Oct 03, 2023
$550,000
Value Estimations
$560,000
Show details
Cap Rate Potential
7.9%
Office Properties & Spaces
Location Intelligence
Property ID
US28-1846624
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

  • Mc Leod Software / Software Company
  • Enterprise Information Solutions, Inc (EIS) / Software Company / Computer Consultant

Property Details for 4910 Main St

Year built
1979
Lot size
0.16 lot acres
Property size
2,277 SF
Zone code
C
Property type
Office Properties & Spaces
APN
09-08-116-016
APU
908116016

Description

Located in the heart of downtown Downers Grove, Illinois, DG Commons at 4910 Main Street offers a variety of private office suites perfect for businesses of all sizes. These traditional, executive, and creative office spaces start at $500 per month and include utilities and WiFi. The modern, updated environment provides a professional atmosphere with convenient shared amenities. On-site parking is available, eliminating the hassle of finding street parking. The building's prime location is just one block from a vibrant array of restaurants, shops, cafes, and the Metra train station, offering unparalleled convenience for both employees and clients. This is an ideal solution for small business owners, creative professionals, individuals who work remotely, those needing a satellite office, or anyone looking to upgrade from a home office. The multiple tenancy structure allows for flexibility and a diverse professional community. The property is situated in Downers Grove, IL, zip code 60515, offering easy access to major transportation routes.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $490,000
    ML approach
    $520,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $640,000
    6.5%
    $590,000
    7%
    $550,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $720,000
    Market price range: $400k - $721k
    AI Estimate
    $500,000
    Market price range: $144k - $500k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $560,000
    Current use
    AUTO REPAIR, GARAGE
    $805,000
    Change: +43% Conversion: Difficult
    MEDICAL BUILDING
    $515,000
    Change: -9% Conversion: Easy
    RETAIL STORES
    $490,000
    Change: -13% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Downers Grove
County
Dupage
State
Illinois
Longitude
-88.011
Latitude
41.7981
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
$12,816
$90,100
$100,290
$190,390
-
$270,300
$300,870
$571,170
More about this property
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