5227 Main St, Downers Grove, Illinois 60515

Sale Information

Asking Price: $3,600,000

Building Size: 14,800 SQ FT

Lot Size: 8276

Cost per Square Foot: $243.24

Property Overview

Kiser Group is pleased to exclusively present 5227 Main in downtown Downers Grove for sale. The mixed-use property is on an 8,275 sf parcel and has 16 apartment units, 4 retail spaces on Main street, and 1 commercial space in the rear. This is the first time this property has been available on the market in decades.

Several of the apartments are occupied by long time tenants all on month to month leases. The property is located in the bustling downtown district and offers an opportunity for the successful investor to provide a workforce housing option in the same location as many new multifamily developments.

This property provides an opportunity for the successful investor to acquire an asset in a thriving economic center and reposition the asset to increase rents providing an affordable option for tenants.

Built: 1940

Occupancy: 100%

Property Details

Key Points: Twelve (12) 1 Bedroom/ 1 Bath Units, Four (4) Studio's, Five (5) Retail Spaces Located in Downtown Downers Grove Walkers' Dream - Metra Stop, Shopping, Dining & Entertainment Rental Upside

Broker Information

Kiser Group
Matt Halper
773.293.5000
info@kisergroup.com

1628 W. Montrose Ave.
Chicago, Illinois 60613
United States

www.kisergroup.com/

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