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

    1101 Tower Ln Bensenville, IL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space featuring an existing data center and robust infrastructure.

    Type:OFFICE
    Property size:
    86,087 SF
    Lot size:
    6.74 Acres
    Added:
    Feb 3, 2023
    Days on Market:
    1161
    Last Refresh:
    Apr 5 at 10:20 pm

    Property Features for 1101 Tower Ln

    General Information

    Standard status
    Active
    Size
    86,087 SF
    Lot size
    6.74 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1101 Tower Ln Contact us

    We can help!

    Listing Contact
    Jack Reardon

    Listing agent Jack Reardon

    Listing office NAI Hiffman | Oakbrook Terrace

    Listing date Feb 3, 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 NAI Hiffman | Oakbrook Terrace

    Overview

    Bensenville Office Space with Data Center

    This Bensenville office space, totaling 86087 square feet, features an existing data center with fiber connectivity. The property includes a generator, associated transfer switches, and UPS systems. HVAC systems are installed in all server rooms and the data center, which also features FM 200 fire suppression systems. Cabling, power feeds, and server room racks are in place. The office areas are furnished with furniture in the offices, conference rooms, and lunchroom. All cubicles and workstations are fully wired with dual data cabling sources and dual power outlets for utility and emergency generator power. The location benefits from low DuPage County taxes and an excellent local workforce.
    Location Intelligence

    Current Use by Public Records

    US Cellular Telecommunications Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bensenville
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9604
    Latitude
    41.9863

    Nearby Similar for Lease

    • Contact for pricing

      IL, Bensenville - W Grand Ave

      205 Grand Ave, Unit 1ST, Bensenville, IL 60106
      View Details
    • $13/mo

      Industrial Building in O'Hare Market

      14,373 SF industrial building for lease in Bensenville, IL.
      201-207 William Street, Bensenville, IL 60106
      View Details
    • Contact for pricing

      Commercial Space on Irving Park

      Commercial space for lease in high-visibility Bensenville location.
      800 W Irving Park Road, Bensenville, IL 60106
      View Details
    • $11/mo

      O'Hare Area Industrial Spaces

      Industrial spaces for lease with office space and drive-in doors.
      750-820 Birginal, Bensenville, IL 60106
      View Details
    • $11/mo

      O'Hare Industrial Spaces For Lease

      Industrial spaces for lease with easy access and great location.
      1000-1100 Bryn Mawr, Bensenville, IL 60106
      View Details
    • Contact for pricing

      Industrial Building Near O'Hare Airport

      106,115 SF industrial space near O'Hare south cargo entrance.
      855 Foster Ave., Bensenville, IL 60106
      View Details
    • $11/mo

      Bensenville Warehouse Space Available

      14,500 sq ft warehouse space for lease.
      884 County Line Rd, Bensenville, IL 60106
      View Details
    • Contact for pricing

      Bensenville Flex Space Available

      10,692 SF flex space with ample parking.
      1140 Tower Lane, Bensenville, IL 60106
      View Details
    • $11/mo

      DuPage County Industrial Units Available

      Industrial units in established park, convenient location, easy transportation access.
      1230-1300 Mark St., Bensenville, IL 60106
      View Details
    • $13/mo

      Bensenville Flex Space Available

      Flex space for rent near I-390 and I-290/I-355.
      840-860 Eagle Dr, Bensenville, IL
      View Details
    • Contact for pricing

      Bensenville Commercial Office/Warehouse Space

      Clean, well-maintained office and warehouse combo space for rent.
      600 County Line Road unit: 1N, Bensenville, IL 60106
      View Details
    • Contact for pricing

      Bensenville Warehouse with Office Space

      10,692 SF warehouse with 2,800 SF office space.
      1140 Tower Lane, Bensenville, IL 60106
      View Details

    FAQs

    What type of property is this?
    Office units - Office space featuring an existing data center and robust infrastructure.
    Where is this office units located?
    The property is located at 1101 Tower Ln Bensenville, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Existing data center with fiber to the property; Generator and associated transfer switches and UPS systems included; FM 200 fire suppression systems in all server rooms and data center
    (630) 932-1234 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jack Reardon
    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!