Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space For Lease Title is generated by Realmo AI

    915 West 55th Street, Western Springs, IL 60558

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $21 SF/Yr $17,916/Mo (calc)

    522 SF office space available in well-maintained building.

    Type:Office
    Property size:
    10,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    176
    Last Refresh:
    Dec 3 at 5:33 am

    Property Features for 915 West 55th Street

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Property subtype
    Office

    Spaces For Lease

    at 915 West 55th Street Contact us

    We can help!

    Listing Contact
    Melvin Jones

    Listing agent Melvin Jones License #0566884

    Listing office HomeSmart

    Listing date Nov 21, 2025

    Source Naiglobal

    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 HomeSmart

    HighLights

    • Ample tenant parking
    • Monument Signage available
    • Close proximity to Villages of Western Springs, Hinsdale and LaGrange
    • Well maintained two‑story office building
    • Located on the south side of W 55th Street, 1 block before Wolf Road
    • 522 SF Available for Lease

    Overview

    A 522 square-foot office space is available for lease in a well-maintained, two-story office building. The property is located on the south side of West 55th Street, one block before Wolf Road. Monument signage is available. Ample tenant parking is provided. The location offers close proximity to the Villages of Western Springs, Hinsdale, and LaGrange. The property size is 10000 SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sean P. Gocke ... Physician Robinson Accounting & Tax ... Accounting Firm ZD Permanent Hair Salon HERE'S TO YOU! LLC ... Crisis Center John Sommese, Skydan ... Real Estate 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
    Western Springs
    County
    Cook
    State
    Illinois
    Longitude
    -87.8998272
    Latitude
    41.7895085

    Nearby Similar for Lease

    • Contact for pricing
      725 SF

      Downtown Western Springs Office Space

      Professional office space in the heart of Downtown Western Springs.
      901 Burlington Avenue, Western Springs, IL 60558
      View Details
    • Contact for pricing
      725 SF

      Downtown Western Springs Office Space

      Professional office space in the heart of Downtown Western Springs.
      901 Burlington Avenue, Western Springs, IL 60558
      View Details
    • Contact for pricing
      1,900 SF

      Western Springs Office Space Available

      Professional office space in downtown Western Springs, Illinois.
      901 Burlington Avenue, Western Springs, IL 60558
      View Details
    • Contact for pricing
      1,150 SF

      Downtown Western Springs Office Space

      Professional office space in the heart of Downtown Western Springs.
      901 Burlington Avenue, Western Springs, IL 60558
      View Details
    • Contact for pricing
      1,150 SF

      Downtown Western Springs Office Space

      Professional office space in the heart of Downtown Western Springs.
      901 Burlington Avenue, Western Springs, IL 60558
      View Details
    • Contact for pricing
      1,900 SF

      Downtown Western Springs Office Space

      Professional office space in the heart of Downtown Western Springs.
      901 Burlington Avenue, Western Springs, IL 60558
      View Details
    • Contact for pricing
      850 SF

      Western Springs Commercial Space Available

      Built-out hair salon with existing infrastructure near Metra station.
      901 Burlington Avenue, Western Springs, IL 60558
      View Details
    • Contact for pricing
      850 SF

      Western Springs Commercial Space Available

      Turnkey salon space for rent in Western Springs, Illinois.
      901 Burlington Avenue, Western Springs, IL 60558
      View Details
    • Contact for pricing
      1,900 SF

      Western Springs Commercial Office Space

      Professional office suites in downtown Western Springs near Metra.
      901 Burlington Avenue, Western Springs, IL 60558
      View Details
    • Contact for pricing
      1,900 SF

      Western Springs Office Space Available

      Professional office suites in downtown Western Springs near Metra.
      901 Burlington Avenue, Western Springs, IL 60558
      View Details
    • Contact for pricing
      850 SF

      Western Springs Office Suite For Rent

      Office suite with kitchenette near Metra station in Western Springs.
      901 Burlington Avenue, Western Springs, IL 60558
      View Details
    • Contact for pricing
      850 SF

      Western Springs Office Suite For Rent

      Office suite with kitchenette near Metra station in Western Springs.
      901 Burlington Avenue, Western Springs, IL 60558
      View Details

    FAQs

    What type of property is this?
    Office units - 522 SF office space available in well-maintained building.
    Where is this office units located?
    The property is located at 915 West 55th Street Western Springs, IL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Ample tenant parking; Monument Signage available; Close proximity to Villages of Western Springs, Hinsdale and LaGrange
    (713) 785-6666
    We can help!
    Listing Contact
    Melvin Jones
    Real Estate License ID: 0566884
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    915 West 55th Street, Western Springs, IL 60558
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!