Corner Office
1s280 Summit Avenue # A, Oakbrook Terrace, IL 60181
For Sale
New
$549,500
Private entry and round-the-clock access support flexible business operations.
Property Size3,600 SF
Price / SF$152.64
Days on Market3
Property Features for 1s280 Summit Avenue # A
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Office Units
Taxes and HOA fees
Annual Taxes
Amenities
kitchen
storage
private entrances
24/7 access
Carpet
165 X 620
3600
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Realty Partners
(773) 902-0523
Listed By:
Pedro Guerra
Source:
Prosalesrealty
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 11:14AM
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 suite occupies a front corner position in an eight-unit building. The main floor includes four offices and a conference room; the lower level adds three offices, open work area, storage, and a kitchen. Recent interior work includes new main-level carpeting, a remodeled bathroom, glass-panel doors, and fresh paint. Restrooms are available on both levels, including multi-stall men's and women's facilities downstairs.
The property at 1s280 Summit Avenue is minutes from I-88, IL-83, and I-294. Oakbrook Center Mall, hotels, dining, medical practices, corporate offices, and regional headquarters are nearby. The building offers private entrances, 24/7 access, and parking.
The property at 1s280 Summit Avenue is minutes from I-88, IL-83, and I-294. Oakbrook Center Mall, hotels, dining, medical practices, corporate offices, and regional headquarters are nearby. The building offers private entrances, 24/7 access, and parking.
Key Highlights
- 3,600‑square‑foot office suite with main‑floor and lower‑level space
- Main floor has four offices and a conference room; lower level has three additional offices
- Lower level includes open space, storage, and a 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
1
Office units
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 entry and round-the-clock access support flexible business operations.
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 suite with main‑floor and lower‑level space; Main floor has four offices and a conference room; lower level has three additional offices; Lower level includes open space, storage, and a kitchen
