707 Iowa AveVilla Park, IL 60181

Property Details for 707 Iowa Ave

Year built

1961

Lot size

0.51 AC

Property size (Sq ft)

9,984 SF

Zone code

I

Property type

Industrial properties

APN

06-04-209-018

APU

604209018

Description

This fully renovated, 10,200 square foot, single-story office building presents a unique investment opportunity in Villa Park, Illinois. Situated on a 22,216 square foot lot at 707-717 N Iowa Ave, this freestanding property boasts a convenient location, immediately off North Avenue (IL Rte. 64) and Addison Road, just one mile west of IL Rte 83 and 13 miles from O'Hare International Airport (ORD). The building, constructed in 1961, features M-1 zoning, allowing for flexibility in its use. Currently configured as a move-in-ready office space with a small storage component and a drive-in door, the property offers significant versatility. Originally a four-unit flex building, it can be easily converted back to its previous multi-tenant configuration, providing options for owner-users to occupy the entire space, lease half, or return it to a multi-tenant flex building. The property includes 35 designated parking spaces, supplemented by ample street parking. The asking price is $999,000, translating to $97.94 per square foot. This presents a compelling opportunity for a variety of users seeking a well-located, adaptable commercial space in the thriving DuPage County market. The property's APN is 06-04-209-018.

• Alternative Use

  Use

  Valuation

  Residential

  $2,063,432

  Hospitality

  $1,890,093

  Educational

  $1,572,535

  Medical

  $1,626,617

  Retail

  $2,446,166

Location Insight

City

Villa Park

County

Dupage

State

Illinois

Latitude

41.9033

Longitude

-87.9868

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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