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Class A Office Space Available
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1400 16th St, Oak Brook, IL 60523

Furnished office space in Class A building near Oakbrook Center.

Property Size22,678 SF
Days on Market1136

Property Features for 1400 16th St

General Information

Standard status Active
Size 22,678 SF
Property subtype Office

Building Details

Year Built 1991
Listing Agency: INSITE REAL ESTATE
Listed By: Elizabeth Kostelny · License #IL
Source: Crexi
Added: Jun 21, 2023 Changed: Jul 6 Last Checked: Jul 30 at 3:17AM

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 INSITE REAL ESTATE

Investment Insights

Based on property information with market context.

Available for lease is 22,678 RSF of office space situated on the second floor of a Class A building. A portion of this space, measuring 16,038 RSF, comes fully furnished. The building is conveniently located approximately 3 minutes from the interchange of Route 83 and I-88. The property is owner-occupied and benefits from the presence of an on-site engineer and property manager. Building amenities include 24-hour key-card access, a 100-person conference facility, ample storage space, a dining room equipped with vending machines, and a recently renovated fitness center. The location is adjacent to Oakbrook Center Regional Mall. Parking is provided with 296 spaces available, and reserved parking options are also offered.

Key Highlights

  • 16,038 RSF of fully furnished office space available.
  • Located just 3 minutes from Route 83 and I‑88 interchange.
  • Class A building with on‑site engineer and property manager.

Property Analytics

Current Use

Fifth Third Mortgage ... Loan Service Fifth Third Securities ... Financial Advisor Fifth Third Private ... Financial Advisor Fifth Third Private ... Financial Advisor Rana Meal Solutions Food Processing Plant

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Garden Center Storage Facility Pharmacy Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,221
Businesses Nearby

Demographics for 60523, IL

10,347
Population
4,601
Households
2.2
Avg Household Size
57
Median Age
64%
College-Educated
97%
High-School Grad
9.0 sq mi
ZIP Area
1,150
Density / Sq Mi
$114,418
Median Household Income
$85,172
Median Earnings
$776
Median Rent
$733,300
Median Home Value

Market

Lease Benchmarks for Oak Brook, IL

$23.85 /SF/Yr
Avg Asking Price
$19.25–$29.5 /SF/Yr
Price Range
35,966 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Furnished office space in Class A building near Oakbrook Center.
Where is this office building located?
The property is located at 1400 16th St Oak Brook, IL.
What are key features of this property?
This property features: 16,038 RSF of fully furnished office space available.; Located just 3 minutes from Route 83 and I‑88 interchange.; Class A building with on‑site engineer and property manager.
More about this property
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