Property summary
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
VerifiedCap rate & NOI
Current use
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Bank Loan Service
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Bank Loan Service
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
V · Downers Grove, ILZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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