Investment Overview

Marcus & Millichap is pleased to present a mixed-use property in the heart of Downtown Downers Grove, Illinois. It has a complementary mix of service-based tenants with the opportunity to add value. There is a diverse income stream with two residential units, numerous professional service offices, and street level retail. There is an opportunity to grow NOI through renovating and leasing the one-bedroom apartment. Many tenants have substantial operating history at the property. This property was not managed professionally prior to one year ago. It is located in an affluent submarket with strong economic drivers. It is in close proximity to numerous restaurants, shops, and tourist attractions. It’s located in a pedestrian friendly environment, which is a major draw for customers and businesses. It is conveniently located adjacent to the Metra train station and surrounded by many new luxury, high density residential properties. The average household income exceeds $151,000 within a one-mile radius of the property and 100,000 people live within a three-mile radius of the property. Population is expected to continue growing over the next five years. There is also a strong daytime population with over 120,000 people working within a three-mile radius of subject property.