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1340 Ogden Ave 12,000 SF 24% Leased Retail Building Downers Grove, IL 60515 $2,500,000 ($208.33/SF) 6.40% Cap Rate
Executive Summary
DuPage County, multiple use property on major and strategic Ogden Ave. at Venard Rd. located in the retail corridor and business district with many major tenants and car dealerships. An acre plus of land and approximately 12,000 Sq. ft. buildings. 5-Total buildings with 3 different tenants. Ample rear and sides parking. Drive-through possibility. The site offers add value opportunity with improvement of the existing income producing buildings or redevelopment to franchises, and other use including shopping centers. Great street presence and exposure, easy access to major roads and short distance to interstates. Nearby villages/towns of Naperville, Westmont, Lombard, Villa Park, Woodridge, Hinsdale, Burr Ridge, Lisle, & Wheaton.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,000 SF
Building Class
C
Year Built
1969
Price
$2,500,000
Price Per SF
$208.33
Cap Rate
6.40%
NOI
$160,000
Percent Leased
24%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
1.00 AC
Zoning
R2, Du Page
Parking
16 Spaces (1.33 Spaces per 1,000 SF Leased)
Frontage
250’ on Ogden Ave
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-06-402-005 | Improvements Assessment | $45,590 |
| Land Assessment | $63,625 | Total Assessment | $109,215 |
Property Taxes
Parcel Number
09-06-402-005
Land Assessment
$63,625
Improvements Assessment
$45,590
Total Assessment
$109,215
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1340 Ogden Ave
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