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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office Spaces
4910 Main St, Downers Grove, IL 60515-3611
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-1846624
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1979
Total area
2,277 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C
APN
09-08-116-016
UPID
US28-1846624
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mc Leod Software (Bike/Boat/Book/etc) Store Corporate Office
-
Enterprise Information Solutions, Inc (EIS) IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$721k
Blend (final)
Blend
$535k
Owner & transaction history
Reurban Partners LLC · 2 yrs held
Reurban Partners LLC
since 2023
Last sale
$550,000
6 recorded transactions
Zoning & alternative use
C · Downers Grove, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$805,000
+43.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Downers Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downers Grove submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue 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
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
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $550k (Oct 3 2023)
Last sale anchor
$550k
Oct 3 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$235 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,816
Tax year 2023
Assessed value
$190,390
Assessed 2023
Previous assessed
$176,290
+8.0% YoY
Effective rate
6.73%
On assessed value
Assessed land
$90,100
Assessed improvement
$100,290
Land market value
$270,300
Improvement market value
$300,870
Total market value
$571,170
Applied tax rate
9,584.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Total area
2,277 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C
APN
09-08-116-016
UPID
US28-1846624
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Downers Grove, IL
Zoning C · permitted uses
C · Downers Grove, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downers Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$805,000
MEDICAL BUILDING
Est. value
$515,000
RETAIL STORES
Est. value
$490,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Reurban Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5409 WASHINGTON ST, DOWNERS GROVE, IL 60515-4932
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
$550,000
Reurban Partners LLC
Matthew J Ramuta
Warranty Deed
—
Feb 19, 2010
$125,000
Matthew J Ramuta
Mitchell,marc A
Quit Claim Deed
related
—
Dec 21, 2000
$98,000
Marc A Mitchell
Kohl,peter J
Quit Claim Deed
related
—
Apr 24, 2000
$377,000
Peter J Kohl
Kirkegaard,r L
Grant Deed
—
Dec 31, 1997
—
R L Kirkegaard
Kirkegaard,joslyn H
Quit Claim Deed
related
$200,000 · Oak Brook Bank
—
—
R L Kirkegaard
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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