Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    360 E 22nd St Lombard, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two-building office complex with redundant power and security features.

    Type:OFFICE
    Property size:
    18,899 SF
    Lot size:
    6.37 Acres
    Added:
    Jan 23, 2023
    Days on Market:
    1192
    Last Refresh:
    Apr 5 at 10:09 pm

    Property Features for 360 E 22nd St

    General Information

    Standard status
    Active
    Size
    18,899 SF
    Lot size
    6.37 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 360 E 22nd St Contact us

    We can help!

    Listing Contact
    John Nelson
    John Nelson

    Listing agent John Nelson

    Listing office Transwestern | Chicago

    Listing date Jan 23, 2023

    Source Moodyscre

    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 Transwestern | Chicago

    Overview

    Office Building with Redundant Power

    The property at 360 East 22nd St. is a complex consisting of a two-story, 50,000-square foot office building and a three-story, 60,000-square-foot office building connected by a two-story atrium. The available space is 18,899 square feet. The building features 24-hour availability, air conditioning, controlled access, and a security system. It is designed to Tier III standards and includes 24/7 security with closed-circuit monitors. The property also benefits from redundant power feeds from two different substations, making it ideal for a data center or disaster recovery facility. Located 22 miles west of downtown Chicago, the property is easily accessible via I-88 and I-355.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lombard
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0078
    Latitude
    41.8482

    Nearby Similar for Lease

    • Contact for pricing

      Professional Office Building For Lease

      Professional office and medical building in Lombard, Illinois.
      246 E Janata Boulevard, Lombard, IL 60148
      View Details
    • Contact for pricing

      Functional Office Space Near Downtown

      Main-level office space near downtown Lombard and Metra station.
      103 Orchard Terrace, Lombard, IL 60148
      View Details
    • Contact for pricing

      Lombard Commercial Space Available

      Flex space with office and industrial features in Lombard, IL.
      11 N Chase Avenue, Lombard, IL 60148
      View Details
    • Contact for pricing

      Lombard Commercial Space For Rent

      Flex space with overhead door, suitable for commercial use.
      11 N Chase Avenue, Lombard, IL 60148
      View Details
    • Contact for pricing

      Office Space on St. Charles

      Office unit available for lease on St. Charles Road.
      734 E St. Charles Road, Lombard, IL 60148
      View Details
    • $17 SF/Yr

      Office Space Near Yorktown Center

      Move-in ready office space with abundant natural light.
      350 E. 22nd Street, Lombard, IL 60148
      View Details
    • $16 SF/Yr

      Lombard Office Space Available

      Office space for rent in Lombard, Illinois.
      555 Waters Edge, Lombard, IL
      View Details
    • $15 SF/Yr

      Class A Office Space Lombard

      Class A office building with spaces available for lease.
      747 E 22nd St, Lombard, IL 60148-5034
      View Details
    • Contact for pricing

      Lombard Industrial Units For Lease

      Industrial, flex, and office units available in Lombard, Illinois.
      120-157 Eisenhower Ln N, Lombard, IL 60148
      View Details
    • Contact for pricing

      Retail Space in Lombard Center

      Retail space for lease in established Lombard shopping center.
      2770 South Highland Avenue , Lombard, IL 60148
      View Details
    • Contact for pricing

      Lombard Industrial Space For Lease

      Industrial, flex, and office units available in Yorkbrook Business Park.
      51-87 Eisenhower Ln S, Lombard, IL 60148
      View Details
    • $28 SF/Yr

      Furnished Office Space Available Now

      Move-in ready office space with high-end finishes and amenities.
      377 E Butterfield Rd, Lombard, IL
      View Details

    FAQs

    What type of property is this?
    Office building - Two-building office complex with redundant power and security features.
    Where is this office building located?
    The property is located at 360 E 22nd St Lombard, IL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Redundant power feeds from two different substations; Ideal for data center/disaster recovery facility; Tier III design standards
    (312) 881-7000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Nelson
    John Nelson
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!