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    Property profile & analytics
    OFF-MARKET Estimated value $625,000
    Office Spaces

    5201 Washington St, Downers Grove, IL 60515-4785

    3,256 SF 0.3 ac lot Built 1986
    Individually Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-1605219
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Tender Hearts Therapy, Ltd. Foster Care Service Social Service Agency
    • Westberg Robert Financial Advisor
    • Brian Barkowski - Mortgage Lender Loan Service Bank
    • P Josser Waste Disposal General Contractor Waste Management Facility
    • Michael G Philipp Law Office Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $845k
    Comparable Approach Comparable
    $862k
    Blend (final) Blend
    $625k
    Owner & transaction history
    Walter B Meder · 3 yrs held
    Walter B Meder
    since 2023
    1 recorded transaction
    2023
    Zoning & alternative use
    C · Downers Grove, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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