Sold

1517 Ogden Avenue

Downers Grove IL, 60515

$1,110,000


$113.52 per sqft

Sold

9,778 sqft

Commercial

Built in 1957

Courtesy of ACO Commercial

Priced at 1Q2022 Appraised Value: High Cash Flow 9,778 SF building on busy Ogden Avenue (24k Cars Per Day). Busy Car Wash/Auto Reconditioning facility with 2-Bed apartment and 9 office/storage units above. Apartment is leased on mtm basis and 8 of the office units are vacant and ready to lease up. Unit Mix: 5,445 SF: 1st Floor - Dent Wizard International Corporation (Parent: Dealer Tire, LLC) 1,200 SF: 2nd Floor - 2Bed/1Bath Apartment 2,180 SF: 2nd Floor - (8) Office/Storage Units - VACANT The primary tenant is Dent Wizard International Corporation dba DentStar Paintless Dent Repair and Sudsational Hand Car Wash and Detailing Center. Dent Wizard is wholly owned by Dealer Tire, LLC. The primary space has a service area with two drive-in doors, a showroom/waiting area, and an exterior parking lot for approximately 28 vehicles. The second floor consists of nine office/storage rooms and a 2Bed/1Bath apartment unit. One office is leased to commercial tenant, and eight are available to rent. The property offers investors the opportunity to acquire a well-located DuPage County asset with a national commercial tenant, ability to add value through the market rental of the apartment and eight office units above. The building is being offered on an "as-is, where is," basis for $1,400,000 ($143.18 PSF), the appraised value 1Q2022.

11616335

MLS ID

August 29, 2022

Listed

March 28, 2024

Updated

Map

1517 Ogden Avenue
Downers Grove IL, 60515

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.46 Acres


Roof

Membrane, Rubber

Other Property Details

Area Name

Downers Grove


Taxes

$16,329


Tax Frequency

Annually


Days on Market

120


Garage

No


View

No


County

Du Page


Pool

No


Zoning

COMMR


Buyer Agency Compensation

2.0% OF THE GROSS PURCHASE PRICE

Courtesy of ACO Commercial, George Toscas,
Listing Contact: 773-771-5859 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Mike McCurry Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 3/28/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 4:11 AM UTC, 3/28/2024

 

 

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