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Urban-High Street

The Shops at Main Station Crossing

950 Warren Ave, Downers Grove, IL 60515

Listing Price: $3,298,000

Cap Rate
7.54%
Gross SF
11,437
Rentable SF
11,437
Price/Gross SF
$288.36
Lot Size
0.30 acres
Year Built
2003

Investment Overview

Marcus & Millichap is proud to exclusively present this six-unit retail condo building consisting of 11,457 rentable square feet located in Downers Grove; situated just 21 miles west of Downtown Chicago. The building boasts curb appeal from its spectacular architecture and professional landscaping. The Property was built in 2003 situated below a four-story and 132-unit apartment complex, situated directly across from the Downers Grove Metra Station in its Downtown District, offering convenience for commuting patrons and local residents. Downtown Downers Grove underwent a complete renovation in 2001. The renovation included replacing century-old infrastructure with new storm and sanitary sewers, water mains and underground utilities. In addition, new sidewalks, streets, signage, park benches and landscaping were added to the downtown. These renovations led to the Village of Downers Grove winning the “National Award for Historic Restoration/Preservation” from the American Public Works Association.  

Investment Highlights

  • Fully Occupied 6-Unit Retail Condos with all Tenants Operating Under NNN Leases
  • Located Directly Across From the Metra Station & in the Heart of the Downtown District
  • Favorable Low Tax County of DuPage (Chicago MSA)
  • Recent Capital Improvements of Over $124,000 Since 2019

Exclusively Listed By

Urban-High Street

The Shops at Main Station Crossing

Listing Price: $3,298,000

Cap Rate
7.54%
Gross SF
11,437
Rentable SF
11,437
Price/Gross SF
$288.36
Lot Size
0.30 acres
Year Built
2003

Investment Highlights

  • Fully Occupied 6-Unit Retail Condos with all Tenants Operating Under NNN Leases
  • Located Directly Across From the Metra Station & in the Heart of the Downtown District
  • Favorable Low Tax County of DuPage (Chicago MSA)
  • Recent Capital Improvements of Over $124,000 Since 2019

Investment Overview

Marcus & Millichap is proud to exclusively present this six-unit retail condo building consisting of 11,457 rentable square feet located in Downers Grove; situated just 21 miles west of Downtown Chicago. The building boasts curb appeal from its spectacular architecture and professional landscaping. The Property was built in 2003 situated below a four-story and 132-unit apartment complex, situated directly across from the Downers Grove Metra Station in its Downtown District, offering convenience for commuting patrons and local residents. Downtown Downers Grove underwent a complete renovation in 2001. The renovation included replacing century-old infrastructure with new storm and sanitary sewers, water mains and underground utilities. In addition, new sidewalks, streets, signage, park benches and landscaping were added to the downtown. These renovations led to the Village of Downers Grove winning the “National Award for Historic Restoration/Preservation” from the American Public Works Association.  

Exclusively Listed By

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