6900 Main StDowners Grove, IL 60516

Property Details for 6900 Main St

Year built

1990

Lot size

1.00 AC

Property size (Sq ft)

15,320 SF

Zone code

C

Property type

Office properties

APN

09-20-302-002

APU

920302002

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $4,611,573

  6.5%

  $4,256,836

  7%

  $3,952,777

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,995,430

  Geo Method

  $1,995,430

• Alternative Use

  Use

  Valuation

  Residential

  $5,278,478

  Hospitality

  $4,835,057

  Educational

  $4,022,711

  Medical

  $4,161,058

  Retail

  $6,257,550

Location Insight

City

Downers Grove

County

Dupage

State

Illinois

Latitude

41.7623

Longitude

-88.0089

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].