1S221 Summit Avenue, Oakbrook Terrace, IL 60181
COMMERCIAL - Oakbrook Terrace, IL
- Added:
- Oct 31, 2025
- Days on Market:
- 228
- Last Refresh:
- Jun 15 at 4:06 am
Property Features for 1S221 Summit Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active
- APN
- 0622104021
- Size
- 2,000 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7350
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1954
- Floors in Building
- 1
Listing agent Chris Rosenburg License #475120234 (630) 748-4660
Listing office United Real Estate - Chicago 1600 W 16th St, Ste T7, Oak Brook, IL (630) 748-4660
Listing date Oct 31, 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.
HighLights
- Excellent access to I‑88, I‑294, and I‑355.
- High‑traffic corner location with over 14,000 cars per day.
- Approximately 2,000 usable square feet with vaulted ceilings.
- Features a mix of private office and open collaborative space.
- Newer roof, siding, and windows.
- Full basement for extra storage.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.0k | $24.48 |
| − Vacancy | −$12.2k | −$6.10 |
| EGI | $36.8k | $18.38 |
| − OpEx | −$9.2k | −$4.60 |
| NOI | $27.6k | $13.79 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oakbrook Terrace
- County
- DuPage
- State
- Illinois
- Longitude
- -87.9725558
- Latitude
- 41.8599098