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    Property profile & analytics
    OFF-MARKET
    Commercial land

    5117 Main St, Downers Grove, IL 60515-4654

    0.01 ac lot
    Entity Owned 9-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-3319380
    Property summary
    AI-generated overview

    This exceptional office space at 5117 Main Street in downtown Downers Grove offers a unique blend of traditional and creative office environments. The first-floor loft-style suite boasts a recently completed renovation, showcasing modern finishes throughout. The space includes two private offices, a dedicated conference room, a stylish open kitchen bar perfect for informal meetings or collaborative work, a welcoming reception area, and a private bathroom. This sublease opportunity presents significantly below-market rental rates, making it an attractive option for businesses seeking a cost-effective yet sophisticated workspace. Alternatively, a lower-level suite is also available, offering convenient access to utilities, high-speed WIFI, a shared conference room, and a shared kitchen. The building's enviable location places it within half a block of the Metra Train Station, providing easy access to public transportation. Numerous amenities are within walking distance, including Starbucks, Peet's Coffee, the Downers Grove Public Library, the Post Office, a public parking garage, the Tivoli Theatre, and a variety of shopping and dining options. This property is ideal for businesses seeking a vibrant, well-connected, and fully equipped office space in the heart of Downers Grove. Monthly rent for the first-floor suite starts at $450. The lower-level suite's rental rate is not specified. Both options offer a compelling combination of convenience, modern amenities, and an unbeatable downtown location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.01 ac (436 SF)
    APN 09-08-303-025
    UPID US28-3319380
    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
    • Wells Fargo Advisors Financial Network Financial Advisor
    • Zaba Law Group, P.C. Law Firm
    • CityGate Real Estate, Inc. Real Estate Agency
    • Jeni Medical Group Medical Group
    • Tamakisha Meeks Counselor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Reurban Partners LLC · 9 yrs held
    Reurban Partners LLC
    since 2017
    2 recorded transactions
    2021
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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