1020 W 31st St | Downers Grove, IL 60515
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- LoopNet Team
1020 W 31st St
Downers Grove, IL 60515
Highland Oaks II · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Transit-oriented, "live-work-play" location in desirable eastern east/west corridor proximate to four major highways: I-88, I-355, I-290, and I-294.
- Submarket offers easy access to Downtown Chicago and proximity to O’Hare International airport, making it a transit-oriented, infill, suburban market.
- Highly accessible site providing a unique opportunity for alternate uses given the prime location, size, and visibility of the property.
- Attractive basis relative to replacement cost and historical suburban office sales, allowing new ownership to aggressively pursue new leasing.
- Within DuPage County, providing a significant tax advantage of up to $5.75/SF when compared to similar assets in Cook County.
- Excellent parking ratio - 3.5 per thousand with 2-story deck, surface parking, and indoor executive parking.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
218,000 SF
Building Class
B
Year Built/Renovated
1982/1990
Percent Leased
13%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
36,333 SF
Slab To Slab
11’
Building FAR
0.86
Lot Size
5.80 AC
Parcel Number
06-29-304-011
Zoning
OR - Office Research District
Parking
771 Spaces (3.54 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Convenience Store
- Dry Cleaner
- Food Service
- Property Manager on Site
- Security System
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