Property profile

535 Ogden Ave Downers Grove, IL 60515

OFF-MARKET
Banks
Property ID
US28-1114392
0.46 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Lot 0.46 ac (20,038 SF)
Zoning code V
APN 09-05-403-018
UPID US28-1114392

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
  • Bank Loan Service
  • Bank Loan Service
  • Atm

Location

535 Ogden Ave Downers Grove, IL 60515-3027
Downers Grove metro Census 844801 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.08M

Owner & transaction history

since 2025
Last sale
$1.2M
2 recorded transactions
2025
$1.2M
2008
Price N/A

Zoning & alternative use

V · 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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