For Sale
$2,350,000

6900 Main St Downers Grove, IL 60516

Two buildings, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents two multi-tenant office buildings situated on a 2.05-acre lot in Downers Grove, Illinois. The property, encompassing 48,288 square feet, comprises 72 units across two, two-story buildings constructed in 1985 and 1989, with renovations completed in 1986 and 1990 respectively. Currently, the property boasts 39.97% occupancy, housing 32 tenants representing a diverse range of industries including financial services, legal practices, and logistics. The average tenant occupies approximately 442 square feet, mitigating risk and ensuring a more stable cash flow. The buildings are zoned C and offer ample parking, providing 2.8 spaces per 1,000 square feet. This prime location offers convenient access to major thoroughfares, including I-355 and I-55, and is just minutes from downtown Downers Grove. The asking price is $2,350,000, translating to $48.67 per square foot. This presents a compelling value-add opportunity in a desirable location with a strong potential for increased occupancy and rental income. The property benefits from its location in DuPage County, known for its favorable tax environment and high median household income of $101,377. This property is ideal for investors seeking a value-add project or users looking for significant space in a prime location.

Highlights

  • Value-add opportunity in Downers Grove, IL with 39.97% occupancy.
  • Favorable DuPage County tax environment.
  • Prime location with easy access to I-355 and I-55.
  • High median household income of $101,377.
  • Average tenant space of 442 square feet.
  • Convenient proximity to numerous amenities.

Property Details for 6900 Main St

Property type
Office properties
Square Feet
48,288 SF
Class
C
Buildings
2
Stories
2
Lot Size (sq. ft)
89,298 SF
Units
72

Location Insight

City
Downers Grove
County
DuPage
State
Illinois
Latitude
41.7624192
Longitude
-88.0089048

FAQs

What type of property is this?
Office property - Two buildings, value-add opportunity.
Where is the office property located?
The property is located at 6900 Main St Downers Grove, IL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Value-add opportunity in Downers Grove, IL with 39.97% occupancy.; Favorable DuPage County tax environment.; Prime location with easy access to I-355 and I-55.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6900 Main St
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