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Property profile & analytics

5201 Washington St Downers Grove, IL 60515-4785

  • Office Properties & Spaces
  • 3,256 SF
  • 0.30 lot acres
OFF-MARKET
Last Sale
Jun 12, 2023
Value Estimations
$625,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-1605219
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Tender Hearts Therapy, Ltd. / Social Worker / Family Counselor
  • Westberg Robert / Financial Planner
  • Brian Barkowski - Mortgage Lender / Mortgage Lender
  • P Josser Waste Disposal / Dumpster Rental Service
  • Michael G Philipp Law Office / Attorney

Property Details for 5201 Washington St

Year built
1986
Lot size
0.30 lot acres
Property size
3,256 SF
Zone code
C
Property type
Office Properties & Spaces
APN
09-08-307-022
APU
908307022

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $915,000
    6.5%
    $845,000
    7%
    $785,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $861,000
    Market price range: $572k - $1.03M
    AI Estimate
    $504,000
    Market price range: $207k - $715k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $805,000
    Current use
    MEDICAL BUILDING
    $735,000
    Change: -9% Conversion: Easy
    RETAIL STORES
    $700,000
    Change: -13% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Downers Grove
County
Dupage
State
Illinois
Longitude
-88.0072
Latitude
41.7933
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,438
$145,380
$24,540
$169,920
-
$436,140
$73,620
$509,760
More about this property
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