5201 Washington StDowners Grove, IL 60515

Property Details for 5201 Washington St

Year built

1986

Lot size

0.30 AC

Property size (Sq ft)

3,256 SF

Zone code

C

Property type

Office properties

APN

09-08-307-022

APU

908307022

Description

This exceptional 887-square-foot office space is situated in the heart of downtown Downers Grove, offering unparalleled convenience and a professional image. Located in a single-story, 3,215-square-foot building constructed in 1986 and renovated the same year, this suite is one of four within the building and is currently vacant. The space boasts three private offices, a well-appointed kitchenette, a spacious reception area, and a private washroom, providing ample room for a small business or professional practice. Three dedicated parking spaces are included, eliminating the hassle of finding parking in a busy downtown area. The building sits on a 0.3-acre lot and is zoned B. Its prime location offers easy access to a variety of amenities, including restaurants and shopping, all within walking distance. Excellent highway access is provided by the proximity to I-355, I-88, and I-55, as well as the Metra train. The property's address is 5201 Washington Street, with a cross street of Maple Avenue, and its Assessor's Parcel Number (APN) is 0908307022. This is a rare opportunity to secure a highly desirable office space in a thriving downtown location. The minimum divisible space is 887 square feet, and the maximum contiguous space available is also 887 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $980,110

  6.5%

  $904,717

  7%

  $840,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $424,094

  Geo Method

  $424,094

• Alternative Use

  Use

  Valuation

  Residential

  $1,121,849

  Hospitality

  $1,027,607

  Educational

  $854,957

  Medical

  $884,361

  Retail

  $1,329,934

Location Insight

City

Downers Grove

County

Dupage

State

Illinois

Latitude

41.7933

Longitude

-88.0072

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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