Downers Grove, IL Retail Space for Sale

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Lombard, IL Lisle, IL Woodridge, IL

Updated: Aug 20, 2025

Downers Grove Commercial Property

1340 Ogden Avenue, Downers Grove, IL 60515

$2,500,000

12,000 sqft · 1.00 AC lot

Strategic location on Ogden Ave. in a high‑traffic retail and business corridor.
Multiple use property with income‑producing buildings and redevelopment potential.
Substantial land size: over an acre with approximately 12,000 sq. ft. of buildings.
Features 5 total buildings with 3 different tenants.
Ample parking and drive‑through possibility.

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This listing looks promising.

Here's a quick look at some key insights for

1340 Ogden Avenue, Downers Grove, IL 60515

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Est. Cap Rate

6.7%
Above avg (5.9%)
Est. NOI

$167K
Annual
Mortgage

$175K
Recorded
Last Sold

Jun 1996
$555K
Property Type

Commercial (General)
Built 1947

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Updated: Jun 8

Freestanding Furniture Retail Building

2900 Highland Avenue, Downers Grove, IL 60515

$5,692,000

33,891 sqft

Freestanding Ashley HomeStore built in 1993
Located directly off the egress of I‑88 (161,400 VPD) on a dominant retail corridor between Downers Grove and Lombard
Ashley HomeStore has operated at this location since 2017, after assuming the Savers lease that commenced in 2010
Tenant recently exercised their second 5‑year option at contractual rent with no rent concessions
Lease has zero options remaining, giving the landlord control to re‑tenant or develop the asset

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Retail Property Near I-88/I-355

1227 Ogden Ave, Downers Grove, IL

$799,000

1,852 sqft · 0.08 AC lot

1,852 SF retail property in Downers Grove, Illinois for sale.

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Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 3 Active listings in Downers Grove, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 13 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Restaurant-Ready Commercial Building

1209 Lisle Place, Lisle, IL 60532

$479,000

0.40 AC lot

Renovated interior with a restaurant buildout, large parking lot, and outdoor deck near Route 53 and Metra.

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Premier Multi-Tenant Office Building

2122 York Road, Oak Brook, IL 60523

Contact for pricing

168,275 sqft

Three-story office building in Oak Brook, Illinois, with Class A amenities.

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Oak Brook Mixed-Use Development

2105 Spring Rd |, Oak Brook, IL 60523

Contact for pricing

370,000 sqft · 17.50 AC lot

Mixed-use development in Oak Brook with retail, office, residential.

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Ogden Avenue Retail Development Site

800 Ogden Ave, Lisle, IL 60532

$1,850,000

1.17 AC lot

1.17-acre retail site with high traffic and flexible zoning.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime PUD-Zoned Land Opportunity

3229 State Road 207, Elkton, FL 32033

$1,599,000

900 sqft · 2.07 AC lot

2.07 acres of PUD-zoned land in a growing corridor.

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Off-Market Properties in Downers Grove, IL

Consider similar Off-Market properties in Downers Grove, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

RETAIL STORES (PERSONAL SERVICES)

1556 Butterfield Rd, Downers Grove, IL 60515-1094

$30,795,000

Estimated value

287,848 sqft · 18.46 AC lot

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RETAIL STORES (PERSONAL SERVICES)

1432 Butterfield Rd, Downers Grove, IL 60515-1031

Unit 1

$14,600,000

Estimated value

81,342 sqft · 6.42 AC lot

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RETAIL STORES (PERSONAL SERVICES)

3300 Finley Rd, Downers Grove, IL 60515-1125

$14,705,000

Estimated value

152,000 sqft · 16.18 AC lot

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RETAIL STORES (PERSONAL SERVICES)

1015 Butterfield Rd, Downers Grove, IL 60515-1007

$5,275,000

Estimated value

53,687 sqft · 2.12 AC lot

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RETAIL STORES (PERSONAL SERVICES)

2900 Highland Ave, Downers Grove, IL 60515-1016

$5,995,000

Estimated value

37,549 sqft · 2.94 AC lot

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RETAIL STORES (PERSONAL SERVICES)

1021 Butterfield Rd, Downers Grove, IL 60515-1007

$12,315,000

Estimated value

116,469 sqft · 5.16 AC lot

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RETAIL STORES (PERSONAL SERVICES)

2930 Finley Rd, Downers Grove, IL 60515-1042

$7,080,000

Estimated value

55,362 sqft · 6.79 AC lot

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RETAIL STORES (PERSONAL SERVICES)

1330 Butterfield Rd, Downers Grove, IL 60515-1006

$16,250,000

Estimated value

112,170 sqft · 9.32 AC lot

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RETAIL STORES (PERSONAL SERVICES)

2020 Butterfield Rd, Downers Grove, IL 60515-1055

$2,710,000

Estimated value

25,012 sqft · 2.24 AC lot

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RETAIL STORES (PERSONAL SERVICES)

2000 Butterfield Rd, Downers Grove, IL 60515-1055

$9,615,000

Estimated value

105,436 sqft · 12.94 AC lot

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RETAIL STORES (PERSONAL SERVICES)

2010 Butterfield Rd, Downers Grove, IL 60515-1055

$3,245,000

Estimated value

26,078 sqft · 2.98 AC lot

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RETAIL STORES (PERSONAL SERVICES)

2920 Finley Rd, Downers Grove, IL 60515-1042

$8,985,000

Estimated value

98,434 sqft · 4.82 AC lot

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RETAIL STORES (PERSONAL SERVICES)

3008 Finley Rd, Downers Grove, IL 60515-1118

$2,700,000

Estimated value

21,090 sqft · 2.35 AC lot

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Downers Grove, IL Retail Space Market Trends and Statistics

Explore 16 retail space for sale in Downers Grove, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 47,743 square feet of properties for sale, with an estimated market value of $8,991,000.

Sale prices for retail space in Downers Grove, IL start at $799,000, averaging $2,997,000, and reaching up to $5,692,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 91K

Population Growth (5Y) +0.7%

Median Household Income $111,414

College Educated 74.7%

High-Yield Neighborhoods for Investment

Identify Downers Grove submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60515	$4.1M

Taxes & Financing

Tax Rate (average for all types) 6.18%

Property Tax per SF $81.76 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in DuPage County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Downers Grove fall within the 100,000+ square foot range.

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