312-861-7868
1020 W 31st St, Downers Grove, IL for Sale
Office - FOR SALE
1/23
null | Request Cap Rate

1020 W 31st St
Downers Grove, IL 60515


HIGHLIGHTS

  • Transit-oriented, "live-work-play" location in desirable eastern east/west corridor proximate to four major highways: I-88, I-355, I-290, and I-294.
  • Attractive basis relative to replacement cost and historical suburban office sales, allowing new ownership to aggressively pursue new leasing.
  • Submarket offers easy access to Downtown Chicago and proximity to O’Hare International airport, making it a transit-oriented, infill, suburban market.
  • Within DuPage County, providing a significant tax advantage of up to $5.75/SF when compared to similar assets in Cook County.
  • Highly accessible site providing a unique opportunity for alternate uses given the prime location, size, and visibility of the property.
  • Excellent parking ratio - 3.5 per thousand with 2-story deck, surface parking, and indoor executive parking.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highland Oaks II

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

771

LAND DETAILS

LAND ACRES

5.8 AC

LAND SF

252,648 SF

ZONING

OR

APN/PARCEL ID

06-29-304-011

ASK ABOUT THIS PROPERTY

312-861-7868

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312-861-7868

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