5201 Washington St Downers Grove, IL 60515-4785
- Office Properties & Spaces
- 3,256 SF
- 0.30 lot acres
Jun 12, 2023
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
-
CAP approach
- CAP Return
- Estimation
- 6%
- $915,000
- 6.5%
- $845,000
- 7%
- $785,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $861,000
- AI Estimate
- $504,000
Market price range: $572k - $1.03MMarket 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