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

    1301 22nd Street, Oak Brook, IL 60523

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $24 SF/Yr $54,980/Mo (calc)

    Office and retail space with many amenities and convenient location.

    Type:Office
    Property size:
    27,207 SF
    Added:
    Nov 22, 2025
    Days on Market:
    180
    Last Refresh:
    May 19 at 11:15 pm

    Property Features for 1301 22nd Street

    General Information

    Standard status
    Active
    Size
    27,207 SF
    Property subtype
    Office

    Spaces For Lease

    at 1301 22nd Street Contact us

    We can help!

    Listing Contact
    Peter Adamo
    Peter Adamo

    Listing agent Peter Adamo

    Listing office CBRE | Chicago

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Chicago

    HighLights

    • Direct access to I‑88.
    • Approximately 400,000 square feet of premier office and vibrant ground floor retail space.
    • On‑site amenities include Michael Jordan's restaurant, deli, farmers fridge, FedEx.
    • Tenants enjoy access to a fitness center and conference center.
    • Benefit from 24/7 security and covered parking.
    • On‑site property management.

    Overview

    Oak Brook Twenty Two features approximately 400,000 square feet of office and ground floor retail space. The complex includes two identical 11-story office towers, a single-story link connecting the towers, and a separate four-story freestanding office building. Located on 22nd Street, the property offers direct access to I-88. Building features and amenities include a fitness center, conference center, tenant wi-fi lounge, Michael Jordan's restaurant, deli, farmers fridge, FedEx, 24/7 security, covered parking, an outdoor patio, and on-site property management. Available space is approximately 27,207 square feet with a listed price of $24.25.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Illinois Manufacturers' Association Association / Organization Franlaw Law Firm A Center For Dental Implants Dental Office Cybertech Systems Inc (Bike/Boat/Book/etc) Store Concur Technologies Inc (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Brook
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9502
    Latitude
    41.8459

    Nearby Similar for Lease

    • Sponsored
      $129-$4,096/Mo
      11-1,292 SF

      IL, Oak Brook - Oak Brook Pointe

      700 Commerce Dr Oak Brk, Unit Illinois United States of America 60523, Oak Brook, IL 60523
      View Details
    • Sponsored
      $129-$3,807/Mo
      11-1,292 SF

      Regency Towers

      1415 22 St Tower Fl Oak Brk, Oak Brook, IL 60523
      View Details
    • $15 SF/Yr
      7,528 SF

      Class A Office Space Available

      Two-building Class A property in Oak Brook for rent.
      1420 Kensington Rd, Oak Brook, IL
      View Details
    • $22 SF/Yr
      35,000 SF

      Oak Brook Office Technology Campus

      Office space for rent in the heart of Oak Brook.
      810 Jorie Boulevard, Oak Brook, IL, 60523
      View Details
    • $16 SF/Yr
      9,317 SF

      Oak Brook Office Space Available

      Office space for rent in Oak Brook, Illinois.
      1520 Kensington Rd, Oak Brook, IL
      View Details
    • $19 SF/Yr
      70,497 SF

      Oak Brook Office Space Available

      Office space available for lease in Oak Brook, Illinois.
      915 Harger Rd., Oak Brook, IL 60523
      View Details
    • $17 SF/Yr

      Modernist Office Building in Oak Brook

      Unique office building with prominent signage and flexible floorplan.
      2200-2222 Kensington Court, Oak Brook, IL 60523
      View Details
    • $24 SF/Yr
      27,585 SF

      Premier Office and Retail Space

      Office and retail space with many amenities and convenient location.
      1211 W 22nd Street, Oak Brook, IL, 60523
      View Details
    • $23 SF/Yr
      79,318 SF

      Updated Office Space Near Malls

      Contemporary office space with updated amenities and convenient highway access.
      2625 Butterfield Road, Oak Brook, IL, 60523
      View Details
    • Contact for pricing
      35,000 SF

      Class A Medical Office Space

      New build-to-suit medical office in Oak Brook, Illinois.
      1800 York Road, Oak Brook, IL 60523
      View Details
    • $28 SF/Yr
      1,327 SF

      Oak Brook Office Space Available

      1327 square feet of office space for rent.
      619 Enterprise Dr, Oak Brook, IL
      View Details
    • Contact for pricing
      6,178 SF

      Oak Brook Move-In Ready Suites

      Furnished office suites with co-working amenities near Oakbrook Center.
      2015 Spring Rd, Oak Brook, IL
      View Details

    FAQs

    What type of property is this?
    Office building - Office and retail space with many amenities and convenient location.
    Where is this office building located?
    The property is located at 1301 22nd Street Oak Brook, IL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Direct access to I‑88.; Approximately 400,000 square feet of premier office and vibrant ground floor retail space.; On‑site amenities include Michael Jordan's restaurant, deli, farmers fridge, FedEx.
    (630) 573-7053
    We can help!
    Listing Contact
    Peter Adamo
    Peter Adamo
    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
    1301 22nd Street, Oak Brook, IL, 60523
    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!