4951-5003 Fairview Avenue Downers Grove, IL ^$ 1,375,000

4951-5003 Fairview Avenue

^$ 1,375,000

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4951-5003 Fairview Avenue

Downers Grove, IL, 60515

^$ 1,375,000

Bedrooms-- Baths-- Sq 10,500

Monthly Estimate*

^$ 8,466

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Commercial Property for sale in Downers Grove, IL

for $1,375,000. This 10,500 square foot building was built in 1957 on a lot size of 0.918274.

Terrific Fully Occupied Neighborhood Center at Highly Traveled Corner of Fairview and Maple. Nice Mix of Tenants (most long term). Excellent Exposure and Nice layout with customer parking in front and separate parcel for employee parking. EZ rental if unit becomes available. Strategically located within a TIF reinvestment area providing enhanced value retention and growth potential.

Commercial Contingent

Price

^$ 1,375,000

Property Type

Commercial

Taxes

^$ 21,823

Style

Lot Size

0.918274

Year Built

1957

Town/City

Downers Grove

County/Region

DuPage

MLS | Web ID

12609316

Features

General

Cooling Central Air

Year Built 1957

Electric Circuit Breakers

Stories Count 1

Property Subtype Neighborhood Storefront

Tax Year 2024

Gross Income 145564

Additional Parcels Description 0909109002 0909109019

Assoc Fee Paid Per Not Applicable

County DuPage

Net Operating Income 96099

Property Type Commercial Sale Retail/Stores

Contingency Attorney/Inspection

Status Contingent

Directions Corner of Fairview and Maple

City Downers Grove

Number Of Units Total 7

MLS Area Downers Grove

Lot Size Square Feet 40000

Tax Annual Amount 21823

Additional Parcels Y/N Y

Leasable Area 0

Standard Status Active Under Contract

Exterior

Building Area Total 10500

Lot Dimensions 1 acre

* Excluded Features

List By

Carr Realty, Inc

Broker

Carr.realty@comcast.net

Affordability Calculator

$10,285

Per Month

Monthly Principal & Interest: $8,466
Monthly Property Taxes: $1,819
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Downers Grove, IL

Average List Price ^$1,985,557

Percent of Sale Price 44%

About Downers Grove, IL

50,198 Population

0% Since 2002

^$87,923 Median Income

43.9 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/9/2026	$1,375,000		Listed Price

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4951-5003 Fairview Avenue, Downers Grove, IL, 60515 is a Commercial Property for sale at $1,375,000 with 10,500 sqft and a lot size of 0.918274. 4951-5003 Fairview Avenue was built in 1957. The property's zip code is 60515 which is in Downers Grove, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Data is updated as of 4/13/2026.

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4951-5003 Fairview Avenue

Commercial Property for sale in Downers Grove, IL

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