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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    709 Ogden Ave Downers Grove, IL 60515

    • Commercial real estate
    • 1,904 SF
    • 0.19 lot acres
    For Sale
    View listing
    $1,150,000
    Value Estimations
    Cap Rate Potential
    9.2%
    Commercial real estate
    Location Intelligence
    Property ID
    US28-1399976
    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

    • Discount Fence Company, Inc. / Fence Contractor

    Property Details for 709 Ogden Ave

    Year built
    1953
    Lot size
    0.19 lot acres
    Property size
    1,904 SF
    Zone code
    N
    Property type
    Commercial real estate
    APN
    09-05-401-003
    APU
    905401003

    Description

    This exceptional 0.57-acre commercial land parcel, located at 709 Ogden Avenue in Downers Grove, Illinois, presents a unique investment opportunity. The property boasts a highly desirable B-3 zoning designation within the Downers Grove TIF District, making it ideally suited for a variety of commercial uses, including retail or medical facilities. The lot encompasses 25,102 square feet and features a 1,902-square-foot existing building, and is fully fenced for security. This corner lot benefits from exceptional visibility and accessibility, situated on Ogden Avenue, a major thoroughfare experiencing over 40,000 vehicles daily. The strong demographics and high traffic counts ensure significant potential for any commercial venture. The property's location within the TIF District opens the possibility of financial assistance, contingent upon the proposed development plan. The asking price is $1,150,000. Please note: Do not disturb the tenant. This property is offered with broker co-op. Zip code is 60515, and the property is in DuPage County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $535,000
      6.5%
      $495,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $466,000
      Market price range: $335k - $603k
      AI Estimate
      $273,000
      Market price range: $121k - $418k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $470,000
      Current use
      MEDICAL BUILDING
      $430,000
      Change: -9% Conversion: Easy
      RETAIL STORES
      $410,000
      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
    -88.0028
    Latitude
    41.8089
    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
    $5,468
    $53,430
    $38,560
    $91,990
    -
    $160,290
    $115,680
    $275,970

    Comparable in this City

    • Value Estimation
      $425,000
      2,590 SF

      4934 Main St

      COMMERCIAL (GENERAL) • 2,590 SF
      4934 Main St, Downers Grove, IL 60515-3611
      View Details
    • Value Estimation
      $340,000
      1,710 SF

      5159 Mochel Dr

      COMMERCIAL CONDOMINUIM • 1,710 SF
      5159 Mochel Dr, Downers Grove, IL 60515-5065
      View Details
    • Value Estimation
      $1,680,000
      0.55 Acres

      2015 Ogden Ave

      COMMERCIAL (GENERAL) • 0.55 Acres
      2015 Ogden Ave, Downers Grove, IL 60515-2621
      View Details
    • Value Estimation
      $255,000
      987 SF

      5151 Mochel Dr Ste, Unit 303

      COMMERCIAL CONDOMINUIM • 987 SF
      5151 Mochel Dr Ste, Downers Grove, IL 60515-5078
      View Details
    • Value Estimation
      $395,000
      5.26 Acres

      1436 Grant St

      COMMERCIAL (GENERAL) • 5.26 Acres
      1436 Grant St, Downers Grove, IL 60515-2714
      View Details
    • Value Estimation
      $1,025,000
      0.48 Acres

      5201 Walnut Ave

      COMMERCIAL (GENERAL) • 0.48 Acres
      5201 Walnut Ave, Downers Grove, IL 60515-4071
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.88 Acres

      Ogden Ave Commercial Land - Downers Grove

      Prime Restaurant Site, 0.878 Acres, PUD Zoning
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      Ogden Ave Commercial Land - Downers Grove

      Prime Downers Grove commercial lot, high traffic.
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      Downers Grove Land Opportunity

      Land for sale near LA Fitness and Midwestern University.
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    • $475,000
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      Redevelopment Opportunity in Downers Grove

      Former veterinary office with apartment, ideal for redevelopment.
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    • $4,900,000
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      Ogden Avenue Automotive Property

      Automotive property in Downers Grove's West Ogden Avenue Corridor.
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      51,200 SF

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    Similar Nearby for Lease

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      Finley Point: Class A Office Space

      DuPage County office suites, modern amenities.
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      View Details
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      Downers Grove Office Space Available

      Office space for lease in Downers Grove, Illinois.
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    • $999,000
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      Fully Equipped Dental Suite

      Prime dental suite with 4 operatories in Downers Grove.
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      View Details
    • Contact for pricing
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      Retail Space on Ogden Avenue

      Retail space available on busy Ogden Avenue with high visibility.
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      View Details
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    709 Ogden Ave
    Downers Grove, IL 60515
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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