Two-Level Office
1S280 Summit Avenue #A, Oakbrook Terrace, IL 60181
For Sale
$549,500
Private entrances and 24/7 access serve a multi-office layout with conference, storage, and kitchen areas.
Property Size3,600 SF
Price / SF$152.64
Days on Market251
Property Features for 1S280 Summit Avenue #A
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Realty Partners
Listed By:
Joseph Giannini · License IL #475191091
(708) 223-0228
Source:
Fishmangroup
Added: Mar 4
Changed: Nov 7
Last Checked: Nov 8 at 9:36AM
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 Realty Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,600-square-foot office unit spans a main floor and lower level. The main floor includes four offices, a conference room, and a remodeled bathroom; updates also include new carpeting, glass-panel doors, and fresh paint. Below, the layout adds three offices, open workspace, storage, a kitchen, and separate multi-stall men’s and women’s restrooms. Private entrances provide access 24 hours a day, seven days a week.
The property is in Oakbrook Terrace, with access to I-88, IL-83, and I-294. Nearby commercial and business amenities include corporate offices, medical practices, regional headquarters, Oakbrook Center Mall, restaurants, and hotels. The building was constructed in 1985.
The property is in Oakbrook Terrace, with access to I-88, IL-83, and I-294. Nearby commercial and business amenities include corporate offices, medical practices, regional headquarters, Oakbrook Center Mall, restaurants, and hotels. The building was constructed in 1985.
Key Highlights
- 3,600‑square‑foot office unit with main‑floor and lower‑level space
- Four main‑floor offices, conference room, and remodeled bathroom
- Lower level includes three offices, open space, storage, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,638
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,760
$992.8K
Cap Rate 7%
$709,114
$709.1K
Cap Rate 9%
$551,533
$551.5K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$88.1K $24.48/SF
− Vacancy
−$21.9K −$6.10/SF
EGI
$66.2K $18.38/SF
− OpEx
−$16.5K −$4.60/SF
NOI
$49.6K $13.79/SF
Area
DuPage County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,760
Cap Rate 7%
$709,114
Cap Rate 9%
$551,533
Alternative Uses
Best Use
Office B
$709.1K
$620.5K – $827.3K
NOI $49,638 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$981.6K
$858.9K – $1.15M
NOI $68,715 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,303
Businesses Nearby
Explore this area
Business Placement
Demographics for 60181, IL
29,821
Population
12,485
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
92%
High-School Grad
6.5 sq mi
ZIP Area
4,588
Density / Sq Mi
$90,375
Median Household Income
$47,191
Median Earnings
$1,619
Median Rent
$294,700
Median Home Value
Market
Average Price Trend$/SF for Office Units in DuPage County, IL
Properties on Market for Office Units in DuPage County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Private entrances and 24/7 access serve a multi-office layout with conference, storage, and kitchen areas.
Where is this office unit located?
The property is located at 1S280 Summit Avenue #A Oakbrook Terrace, IL.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: 3,600‑square‑foot office unit with main‑floor and lower‑level space; Four main‑floor offices, conference room, and remodeled bathroom; Lower level includes three offices, open space, storage, and kitchen
