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Shopping Neighborhood

Downtown Downers Grove | Historic District | Multifamily and Service Based Tenants

5116-5120, 5124 Main St, Downers Grove, IL 60515

Listing Price: $2,180,000

Cap Rate
7.00%
Gross SF
12,928
Rentable SF
12,928
Price/Gross SF
$168.63
Lot Size
0.25 acres
Year Built
1893

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. 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.

Investment Highlights

  • Diverse Income Stream with Two Residential Units, Numerous Professional Service Offices, and Street Level Retail
  • Many Tenants Have Substantial Operating History at the Property
  • Ideally Positioned in the Heart of the Historic Downtown Downers Grove District
  • Downers Grove Has Experienced a Boom in New Construction and Investment

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) IL: ER100091205

    Illinois

Shopping Neighborhood

Downtown Downers Grove | Historic District | Multifamily and Service Based Tenants

Listing Price: $2,180,000

Cap Rate
7.00%
Gross SF
12,928
Rentable SF
12,928
Price/Gross SF
$168.63
Lot Size
0.25 acres
Year Built
1893

Investment Highlights

  • Diverse Income Stream with Two Residential Units, Numerous Professional Service Offices, and Street Level Retail
  • Many Tenants Have Substantial Operating History at the Property
  • Ideally Positioned in the Heart of the Historic Downtown Downers Grove District
  • Downers Grove Has Experienced a Boom in New Construction and Investment

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. 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.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): IL: ER100091205

    Illinois

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