535 Ogden Ave Downers Grove, IL 60515-3027
- Banks
- 0.46 lot acres
Current Use by Public Records
- Community Bank of Dupage / Atm / Bank
- Byline Bank / Bank
- ATM (PNC Bank) / Atm
Property Details for 535 Ogden Ave
- Lot size
- 0.46 lot acres
- Zone code
- V
- Property type
- Banks
- APN
- 09-05-403-018
- APU
- 905403018
Description
This exceptional retail opportunity presents a 3,978-square-foot single-story building situated on a 0.81-acre corner lot at 535 Ogden Avenue in Downers Grove, Illinois. Built in 2005, the property boasts a former bank branch layout, offering a unique and adaptable space for a variety of retail uses. The building is entirely vacant, providing immediate occupancy for a new tenant. The high-traffic location on Ogden Avenue benefits from an average daily traffic count of 38,144 vehicles. Ample parking is available with 16 spaces, and the existing bank drive-through lanes offer potential for expansion. The property is zoned B-3 within Downers Grove, allowing for a range of commercial uses. DuPage County location and the 60515 zip code offer excellent access to a thriving community. Annual property taxes are $3.87 per square foot. This property presents a rare opportunity to acquire a well-located, versatile retail space in a desirable market. The building's modern construction and convenient amenities make it an ideal investment for discerning buyers seeking a strong return. The expansive lot size and existing infrastructure provide significant potential for future development or expansion.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,080,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,235,000
- 6.5%
- $1,250,000
- 7%
- $1,215,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,130,000
- Geo Method
- $1,040,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,370,000
- Retail
- $1,300,000
- Mixed-Use
- $1,110,000
- Hospitality
- $1,030,000
- Educational
- $1,320,000
- Residential Income
- $1,320,000
- Energy
- $1,230,000
- Income-Based Land
- $1,135,000
- Food Service
- $1,350,000
Location Insight
- Map
- Local Demand
- City
- Downers Grove
- County
- Dupage
- State
- Illinois
- Longitude
- -87.9992
- Latitude
- 41.8091
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA