1401 Branding AveDowners Grove, IL 60515

Property Details for 1401 Branding Ave

Year built

1984

Lot size

2.21 AC

Property size (Sq ft)

39,520 SF

Zone code

C

Property type

Office buildings

APN

06-30-409-025

APU

630409025

Description

This three-story, 38,000 square foot Class B office building, located at 1401 Branding Ave in Downers Grove, Illinois (zip code 60515), presents a compelling opportunity for businesses seeking a well-situated location. Constructed in 1985, the building features a traditional office layout suitable for multiple tenants. Its strategic location offers exceptional convenience, with close proximity to the Yorktown Center shopping mall, providing employees with ample retail and dining options. The property benefits from easy access to major transportation arteries, including Interstates 88 and 355, ensuring seamless commutes for employees and clients. The surrounding area boasts a diverse range of restaurants, from fast-casual eateries to upscale dining establishments, catering to various preferences. This property is ideal for businesses seeking a functional and accessible office space in a vibrant and convenient location. The building's multiple tenancy structure offers flexibility for businesses of varying sizes. Further details regarding lease terms and available space are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $7,135,805

  6.5%

  $6,586,897

  7%

  $6,116,404

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,012,196

  Geo Method

  $5,147,480

• Alternative Use

  Use

  Valuation

  Residential

  $8,167,752

  Hospitality

  $7,481,617

  Educational

  $6,224,618

  Medical

  $6,438,692

  Retail

  $9,682,739

Location Insight

City

Downers Grove

County

Dupage

State

Illinois

Latitude

41.8311

Longitude

-88.0215

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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