Updated Office Unit with Private
For Sale
$549,500
1 S280 Summit Avenue A, Oakbrook Terrace, IL 60181
Multi-level office configuration includes private entrances, meeting space, storage, and kitchen facilities.
Property Size3,600 SF
Price / SF$152.64
Days on Market58
Property Features for 1 S280 Summit Avenue A
General Information
Standard status
Active
Size
3,600 SF
Additional Details
Highway Access
Yes
Office Units
8
Amenities
private entrances
24/7 access
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Realty Partners
Listed By:
Joseph Giannini · License #475191091
(708) 743-1552
Source:
Bktchicago
Added: Aug 19
Changed: Oct 3
Last Checked: Oct 7 at 1:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Partners
Investment Insights
Based on property information with market context.
This 3,600-square-foot office unit offers a multi-level layout suited to professional operations. The main floor includes four offices, a conference room, glass-panel doors, new carpeting, a remodeled bathroom, and fresh paint. The lower level adds three offices, open work area, storage, a kitchen, and men’s and women’s multi-stall restrooms.
Private entrances and 24/7 access support flexible occupancy and daily operations. The property is located near I-88, IL-83, and I-294, with access to Oakbrook Center Mall, hotels, dining, corporate offices, medical practices, and regional headquarters. The building was constructed in 1985 and contains eight total units.
Private entrances and 24/7 access support flexible occupancy and daily operations. The property is located near I-88, IL-83, and I-294, with access to Oakbrook Center Mall, hotels, dining, corporate offices, medical practices, and regional headquarters. The building was constructed in 1985 and contains eight total units.
Key Highlights
- 3,600 SF office unit with multi‑level configuration
- Main floor includes four offices and a conference room
- Lower level provides three additional offices, open space, storage, and a kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,638
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,760
$992.8K
Cap Rate 7%
$709,114
$709.1K
Cap Rate 9%
$551,533
$551.5K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$88.1K $24.48/SF
− Vacancy
−$21.9K −$6.10/SF
EGI
$66.2K $18.38/SF
− OpEx
−$16.5K −$4.60/SF
NOI
$49.6K $13.79/SF
Area
DuPage County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,760
Cap Rate 7%
$709,114
Cap Rate 9%
$551,533
Alternative Uses
Best Use
Office B
$709.1K
$620.5K – $827.3K
NOI $49,638 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,004 @ 7.0% cap · market cap 15.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,303
Businesses Nearby
Explore this area
Business Placement
Demographics for 60181, IL
29,821
Population
12,485
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
92%
High-School Grad
6.5 sq mi
ZIP Area
4,588
Density / Sq Mi
$90,375
Median Household Income
$47,191
Median Earnings
$1,619
Median Rent
$294,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Multi-level office configuration includes private entrances, meeting space, storage, and kitchen facilities.
Where is this office units located?
The property is located at 1 S280 Summit Avenue A Oakbrook Terrace, IL.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: 3,600 SF office unit with multi‑level configuration; Main floor includes four offices and a conference room; Lower level provides three additional offices, open space, storage, and a kitchen
