Courtesy of ACO Commercial

1517 Ogden Avenue

Downers Grove, IL, 60515

$1,250,000

$127 per ft²
$1,250,000
$127 per ft²
Active
Active
 - For Sale
carpenters-square
9,778 ft²
property_type
Commercial
calendar
Built 1957
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.
MLS® ID:
11616335
Listed:
8/28/22
Updated:
12/3/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central Air

Exterior/Building Features

Lot Size
0.46 acres lot
Roof
Membrane, Rubber

Other Property Details

Area Name
Downers Grove
Taxes
$16329
Tax Frequency
per YEAR
Garage
No
Parking
N
Parking Total
28.0
View
N
County
Du Page
Pool
No
Total Stories
2
Zoning
COMMR

Property History

Date
Event
Price
Value
11/4/22
Price Change
$1,250,000
-10%
10/12/22
Active
-
-
9/28/22
Active Under Contract
-
-

 

Courtesy of ACO Commercial, George Toscas,
Listing Contact:  

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