Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1S085 Summit Ave Oakbrook Terrace, IL 60181

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Oakbrook Terrace, IL

    Type:Office
    Lot size:
    0.34 Acres
    Days on Market:
    37
    Last Refresh:
    Jan 23 at 4:06 am

    Property Features for 1S085 Summit Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Lot size
    0.34 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1959
    Floors in Building
    1
    Number of units
    1

    We can help!

    Listing Contact
    Chris Rosenburg
    Chris Rosenburg

    United Real Estate-Chicago (630) 748-4660 [email protected]

    Listing agent Chris Rosenburg (847) 702-2219

    Listing date Dec 18, 2025

    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.

    Learn more

    Property Insight Report

    Overview

    Oakbrook Terrace Commercial Space Available

    This commercial space in Oakbrook Terrace, Illinois, offers a location with high exposure, benefiting from over 14,000 cars passing by daily. It is situated directly across from the entrance to Pete's Fresh Market. The property, located in DuPage County, is suitable for either office or retail use. The space is divided into several areas, featuring two reception areas and a common waiting area. Recent upgrades include fresh paint, new lighting, and new flooring. A large backyard is available for use by employees or guests. The property is conveniently located in close proximity to Oak Brook mall, various shopping and dining options, and expressways. The lot size is 0.34 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakbrook Terrace
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9725558
    Latitude
    41.8599098

    Nearby Similar for Lease

    • Contact for pricing
      10,890 SF

      Updated Office Building in Oakbrook

      Sophisticated, updated office space in a prime business corridor.
      17W601 14Th St, Oakbrook Terrace, IL 60181
      View Details
    • Contact for pricing

      Oakbrook Terrace Office/Medical Suites

      Professionally managed office and medical suites for rent.
      1S443 Summit Ave, Oakbrook Terrace, IL 60181
      View Details
    • $24 SF/Yr
      4,229 SF

      Modernized Office Space in Oakbrook

      Premier office destination with modern amenities and convenient access.
      Mid America Plz, Oakbrook Terrace, IL
      View Details
    • Contact for pricing
      49,507 SF

      Medical Office Space Near Hospital

      Medical office building with suites available near Elmhurst Hospital.
      1 S 224 Smt Ave, Oakbrook Terrace, IL 60181
      View Details
    • $8 SF/Yr
      5,818 SF

      Oakbrook Terrace Office Space

      Flexible Workspaces in Prime Location
      17W240 22Nd St, Oakbrook Terrace, IL 60181
      View Details
    • $26 SF/Yr
      161,373 SF

      One Oakbrook Terrace Office Leasing

      Office space with covered parking and convenient highway access.
      18W200 22Nd St, Oakbrook Terrace, IL 60181
      View Details
    • $18 SF/Yr
      29,233 SF

      Brittany Tower Office Space for Lease

      Oakbrook Terrace Office Building - Multiple Suites Available
      17W662 Butterfield Rd, Oakbrook Terrace, IL 60181
      View Details
    • $25 SF/Yr
      13,000 SF

      Oakbrook Terrace Office Space for Lease

      Prime Retail/Office Suite - 730 SF Available
      17W602- 14Th St, Oakbrook Terrace, IL 60181
      View Details
    • $24 SF/Yr
      14,400 SF

      Oakbrook Terrace Office Space

      Class A Office Suites, Prime Location
      1S660 Midwest Rd, Oakbrook Terrace, IL 60181
      View Details
    • $14 SF/Yr
      232,052 SF

      Oakbrook Terrace Office Space

      Class A Office Suites, DuPage County, IL
      1815 Meyers Rd, Oakbrook Terrace, IL 60181
      View Details
    • $231 SF/Yr
      317,529 SF

      Oakbrook Terrace Office Suite 395

      Move-in ready furnished office sublease.
      18W140 Butterfield Rd, Oakbrook Terrace, IL 60181
      View Details
    • $25 SF/Yr
      730 SF

      Summit Plaza Retail/Medical Space

      Retail/medical space in Summit Plaza, Oakbrook Terrace.
      17 14Th St, Oakbrook Terrace, IL 60181
      View Details

    FAQs

    What type of property is this?
    Office space - Office or retail space with high traffic exposure.
    Where is this office space located?
    The property is located at 1S085 Summit Ave Oakbrook Terrace, IL.
    What are key features of this property?
    This property features: - High-traffic location with over 14,000 cars per day.; - Directly across from Pete's Fresh Market entrance.; - Recently renovated with fresh paint, new lighting, and new flooring.
    (847) 702-2219
    Request Owner's contact information
    1S085 Summit Ave Oakbrook Terrace, IL 60181
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1S085 Summit Ave
    Oakbrook Terrace, IL 60181
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1S085 Summit Ave Oakbrook Terrace, IL 60181
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chris Rosenburg
    Chris Rosenburg
    Real Estate License ID: 475120234
    (847) 702-2219
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.