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5133 Main St, Downers Grove, IL 60515
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Property summary
AI-generated overview
This exceptional 4,655 square foot commercial space, located at 5133 Main Street in the heart of Downtown Downers Grove, DuPage County, presents a unique investment opportunity. Situated within a designated historic landmark building, this Class B property offers a highly divisible floor plan, making it suitable for a variety of uses. Currently, the building houses established businesses, Pierce Tavern and Style Studio, creating a vibrant and desirable location. The space is part of a larger 9,130 square foot building with multiple tenancies. The available space is on the second level and is ideal for executive office, creative office, or retail use. The versatile zoning allows for flexibility in tenant type, accommodating office, medical, residential, or retail needs. The property boasts 24-hour access and benefits from its prime location, just minutes from the Downers Grove Metra station, ensuring convenient access for commuters and clients. This high-profile location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving downtown area. The space is immediately available.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1895
Total area
9,310 SF
Lot
0.12 ac (5,227 SF)
Zoning code
A
APN
09-08-303-013
UPID
US28-2408474
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.07M
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$2.98M
Owner & transaction history
since 2021
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
A · Downers Grove, IL
Top alternative use upside
Auto repair, garage
$3.3M
+43.4%
Restaurant
$2.9M
+26.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 23 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.98M
Value range
$2.68M – $3.28M
±10% around blend
Estimated value / SF
$320 / SF
Confidence
High
23 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$2.68M
blend $2.98M
$3.28M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,310 SF
Lot area
0.12 ac
Year built
1895
Stories
2
APN
09-08-303-013
Zoning
A
Assessed value
$302,490
Annual tax
$20,362
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.42M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.62M
@ 6.5% CAP return
$2.42M
@ 7% CAP return
$2.25M
4
Sales comparison
Partial preview
Sales approach indication
$1.71M
Weighted, 20 comps · high confidence
Evidence
23 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.1 mi away · 9,699 SF
10.6 mi away · 10,615 SF
12.0 mi away · 9,750 SF
13.7 mi away · 7,715 SF
14.2 mi away · 10,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.98M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 61 sales
$247
+30%
Submarket 78 sales
$221
+45%
County 712 sales
$205
+56%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $320/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+43%
vs current-use indication
Restaurant
Commercial (general) · current use
Medical Building
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 23 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.30%
Implied, in-place cap rate for this commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.30%
9.0%
NOI (est.)
$173k *
Last sale · Mar 2021
$2.48M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.27M
Move the market yield to see immediate price impact.
Value / SF
$351
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.80%5.30%5.80%
$156k
$3.25M
$2.94M
$2.69M
$173k
$3.61M
$3.27M
$2.99M
$191k
$3.97M
$3.60M
$3.29M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
23 found
High confidence · county-verified
Closest comparable
$2.20M
4.2 mi · Dec 2025 · $197/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,362
Tax year 2023
Assessed value
$302,490
Assessed 2023
Previous assessed
$280,080
+8.0% YoY
Effective rate
6.73%
On assessed value
Assessed land
$77,850
Assessed improvement
$224,640
Land market value
$233,550
Improvement market value
$673,920
Total market value
$907,470
Applied tax rate
9,584.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1895
Heating
NONE
Stories
2
Total area
9,310 SF
Lot
0.12 ac (5,227 SF)
Zoning code
A
APN
09-08-303-013
UPID
US28-2408474
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
A · Downers Grove, ILZoning A · permitted uses
A · Downers Grove, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1895
Heating
NONE
Stories
2
Lot
0.12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
A
Jurisdiction
Downers Grove, IL
Recorded code
A
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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