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    Professional Office Suite in Oswego Title is generated by Realmo AI

    1 E Merchants Drive, Oswego, IL 60543

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    COMMERCIAL - Oswego, IL

    Type:Office
    Added:
    Jun 17, 2025
    Days on Market:
    340
    Last Refresh:
    May 22 at 11:06 am

    Property Features for 1 E Merchants Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1992
    Floors in Building
    3
    Flooring type
    Carpet

    We can help!

    Listing Contact
    Flyura Kuchiyeva
    Flyura Kuchiyeva

    Listing agent Flyura Kuchiyeva License #475195176

    Listing office @properties Christies International Real Estate 1003 S. Washington St.,Ste 1, Chicago, IL

    Listing date Jun 17, 2025

    MLS# 12394599

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Move‑in ready 900 sq ft office suite with flexible layout, built‑in cabinetry, shelving, and some existing furniture.
    • Excellent location in Oswego with high visibility, surrounded by restaurants and retail shops.
    • Ample private parking lot with 80+ spaces for tenants and visitors.
    • ADA compliant building with updated elevator for easy access to all levels.
    • Anchored by Fifth Third Bank, providing stability and professional appeal.
    • Professionally managed building with shared breakroom and central air conditioning.

    Overview

    Located at 1 East Merchants Drive in Oswego, IL, Unit 201 within the Fifth Third Bank Building is available for lease. This second-floor office suite provides approximately 900 square feet of professional space, divided into two private rooms. The flexible layout accommodates various business needs, such as separate offices, a workspace and reception area, or meeting and consultation rooms. The suite includes built-in cabinetry and shelving, with some existing furniture available for tenant use. The three-story professional office building is ADA compliant and fully sprinklered. An updated elevator provides access to all levels. Tenants have access to a shared breakroom, and the property is professionally managed. The building is anchored by Fifth Third Bank, which holds a long-term lease. A large private parking lot with over 80 spaces is available for tenants and visitors. The property benefits from excellent regional access and is surrounded by restaurants and retail shops. Unit 201 is suitable for small businesses, independent professionals, or service providers seeking well-maintained, flexible office space in a high-visibility location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fox Valley Fixers General Contractor Kelly M. Fixmer, ... Physician Raul Arambula, Counselor Life Coach M A Family Counselor Insure1st, Inc. Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oswego
    County
    Kendall
    State
    Illinois
    Longitude
    -88.3200637
    Latitude
    41.7177017

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    FAQs

    What type of property is this?
    Office units - Move-in ready office suite in a high-visibility Oswego location.
    Where is this office units located?
    The property is located at 1 E Merchants Drive Oswego, IL.
    What are key features of this property?
    This property features: Move‑in ready 900 sq ft office suite with flexible layout, built‑in cabinetry, shelving, and some existing furniture.; Excellent location in Oswego with high visibility, surrounded by restaurants and retail shops.; Ample private parking lot with 80+ spaces for tenants and visitors.
    (630) 530-0900
    We can help!
    Listing Contact
    Flyura Kuchiyeva
    Flyura Kuchiyeva
    Real Estate License ID: 475195176
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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