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Urban-High Street

Keller Williams Anchored Mixed Use

5122 Main St, Downers Grove, IL 60515

Listing Price: $2,235,000

Cap Rate
7.01%
Gross SF
8,308
Rentable SF
8,308
Price/Gross SF
$269.02
Lot Size
0.13 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. The property is anchored by Keller Williams and was recently renovated with a substantial investment made by the tenant. 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

  • Property Features Complementary Mix of Service-Based Tenants
  • Entire Keller Williams Space was Renovated with Substantial Investment Made by the Tenant
  • Ideally Positioned in the Heart of the Historic Downtown Downers Grove District
  • Downers Grove Has Experienced a Boom in New Construction and Investment
  • Affluent Submarket with Strong Economic Drivers

Exclusively Listed By

Urban-High Street

Keller Williams Anchored Mixed Use

Listing Price: $2,235,000

Cap Rate
7.01%
Gross SF
8,308
Rentable SF
8,308
Price/Gross SF
$269.02
Lot Size
0.13 acres
Year Built
1893

Investment Highlights

  • Property Features Complementary Mix of Service-Based Tenants
  • Entire Keller Williams Space was Renovated with Substantial Investment Made by the Tenant
  • Ideally Positioned in the Heart of the Historic Downtown Downers Grove District
  • Downers Grove Has Experienced a Boom in New Construction and Investment
  • Affluent Submarket with Strong Economic Drivers

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. The property is anchored by Keller Williams and was recently renovated with a substantial investment made by the tenant. 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

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