Retail Asset at 440 Ogden Avenue in Downers Grove
$1,350,000
440 Ogden Avenue, Downers Grove, IL 60515
Property Description
96' Frontage on Ogden Ave. Corner of Douglas and Ogden. Just 1 block from Fairview Avenue intersection. Gross rental income of $102,000. Short term income producing leases in place - Drive-through Restaurant, Boutique Storefront, Barber Shop. Development opportunity. Adjacent property at 432 Ogden also listed50' x 200'. Developer should inquire with Village of Dowers Grove regarding vacating 66' x 200' Douglas Rd as a part of re-development plan.
Property Details
Asset Type
Retail
Zoning
B3
Lot Size
17,258 SF
Neighborhood
Downers Grove
Submarket
Downers Grove
ZIP
60515
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$76,796
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$6,400
Annual Debt Service
$76,796
View on Map
Address
440 Ogden Avenue
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Downers Grove Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.
