Property profile

5201 Washington St Downers Grove, IL 60515

OFF-MARKET
Office Spaces
Property ID
US28-1605219
3,256 SF 0.3 ac lot Built 1986
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 887-square-foot office space is situated in the heart of downtown Downers Grove, offering unparalleled convenience and a professional image. Located in a single-story, 3,215-square-foot building constructed in 1986 and renovated the same year, this suite is one of four within the building and is currently vacant. The space boasts three private offices, a well-appointed kitchenette, a spacious reception area, and a private washroom, providing ample room for a small business or professional practice. Three dedicated parking spaces are included, eliminating the hassle of finding parking in a busy downtown area. The building sits on a 0.3-acre lot and is zoned B. Its prime location offers easy access to a variety of amenities, including restaurants and shopping, all within walking distance. Excellent highway access is provided by the proximity to I-355, I-88, and I-55, as well as the Metra train. The property's address is 5201 Washington Street, with a cross street of Maple Avenue, and its Assessor's Parcel Number (APN) is 0908307022. This is a rare opportunity to secure a highly desirable office space in a thriving downtown location. The minimum divisible space is 887 square feet, and the maximum contiguous space available is also 887 square feet.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1986
Total area 3,256 SF
Lot 0.3 ac (13,068 SF)
Zoning code C
APN 09-08-307-022
UPID US28-1605219

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Foster Care Service Social Service Agency
  • Financial Advisor
  • Loan Service Bank
  • General Contractor Waste Management Facility
  • Law Firm

Location

5201 Washington St Downers Grove, IL 60515-4785
Downers Grove metro Census 844901 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$845k
Comparable Approach Comparable
$862k
Blend (final) Blend
$295k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

C · Downers Grove, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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