5100 Main Street

Downers Grove, IL

Located at the best corner of downtown Downers Grove, this three-story, mixed-use property combining retail and office, is steps from public parking and the Metra train. Downers Grove is regarded as a village of commerce with superior economic development.

Baum acquired the property knowing the HVAC systems and roof had to be replaced, common areas needed upgrades and the building's sole tenant, a community bank, wanted to downsize. Baum knew that by completing the upgrades and implementing a strong marketing effort various retail and office users would be attracted to the formerly vacant and tired space.

Working with the City of Downers Grove to improve parking and to approve outdoor seating, Baum was able to attract notable retail and office tenants including Caribou Coffee. This prominent building has become an example of success within Downers Grove's downtown district.