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    650 Willowbrook Center Parkway unit 205 Willowbrook, IL 60527

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    For Lease
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    COMMERCIAL - Willowbrook, IL

    Type:Office
    Property size:
    2,300 SF
    Added:
    Apr 3, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 6 at 4:06 am

    Property Features for 650 Willowbrook Center Parkway unit 205

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    INDUS
    Standard status
    Active
    Size
    2,300 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2016
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Varies, Concrete
    Building materials
    Concrete, Pre-cast, Sheltered Porch

    We can help!

    Listing Contact
    Ken Thomson

    Listing agent Ken Thomson License #475109316

    Listing office Century 21 Circle 1020 Essington., Oak Lawn, IL

    Listing date Apr 3, 2026

    MLS# 12609225

    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.

    Overview

    Modern Industrial Space in Willowbrook

    This modern, energy-efficient industrial space, constructed in 2016, is available now. Located on Willowbrook Center Parkway, it's just 1.5 miles from full I-55 access at the Kingery Expressway. The property offers a total of 2300 square feet, including a 500 square foot air-conditioned front office, a 1300 square foot rear shop space, and a 500 square foot mezzanine/upper office space. An existing hard-wired alarm and racking system are in place and will remain. The space features an 18' clear span with a 12x14' high insulated overhead powered door, and three auto-controlled shop fans. An ADA-compliant tile floor restroom is included. The building is sprinklered. A multi-year lease is preferred at $3500 per month under a modified gross lease with garbage included in the rent. The tenant is responsible for utilities. This space is suitable for office/tech with storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chicago's Awning Experts Building Supply Vulture Equipment Works ... Corporate Office New Floor Coverings ... Construction Company #1 Auto Detailing Car Wash Access Strategies Food Broker

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Tommy R's Catering — 825 75th St, Willowbrook, IL 60527
    • Gravylady — 6901 S Madison St, Burr Ridge, IL 60527
    • Tiffany Cooks Catering, LLC — 7223 IL-83, Willowbrook, IL 60527

    Location Insight

    • Map
    • Local Demand
    City
    Willowbrook
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9395334
    Latitude
    41.7560049

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    FAQs

    What type of property is this?
    Flex space - Modern industrial space with office, shop, and mezzanine areas.
    Where is this flex space located?
    The property is located at 650 Willowbrook Center Parkway unit 205 Willowbrook, IL.
    What are key features of this property?
    This property features: Modern, energy‑efficient concrete industrial space built in 2016; Excellent location near I‑55 access at Kingery Expressway; 2300 total square feet including office, shop, and mezzanine space
    (708) 398-6400
    We can help!
    Listing Contact
    Ken Thomson
    Real Estate License ID: 475109316
    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.

    More about this property
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