Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Oswego Medical/Office Suite For Rent Title is generated by Realmo AI

    2073-2075 Wiesbrook Road, Oswego, IL 60543

    View on Map
    Claim this Listing
    For Lease
    $16 SF/Yr

    4,000 SF medical/office suite in Oswego, Illinois for lease.

    Type:Commercial
    Added:
    Apr 23, 2024
    Days on Market:
    775
    Last Refresh:
    May 10 at 9:24 pm

    Property Features for 2073-2075 Wiesbrook Road

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    MIKE WASEEN
    MIKE WASEEN

    Listing agent MIKE WASEEN License #475169496

    Listing office JOHN GREENE COMMERCIAL

    Listing date Apr 23, 2024

    Source Corcoran

    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 JOHN GREENE COMMERCIAL

    HighLights

    • Prime 4,000 SF medical/office suite.
    • Zoned B‑3 Commercial Service Wholesale District permitting a wide range of uses.
    • Geothermal heating and cooling drastically reduces utility costs.
    • Monument signage available on both Wiesbrook and Rt 30.
    • Located near Rt 30 and adjacent to Best Western of Oswego.
    • Located one lot away from newly approved "DeVille Manor" independent senior living apartments.

    Overview

    This 4,000 SF medical/office suite is available for rent and is located just off Route 30 and along Wiesbrook Road in Oswego, Illinois. The unit is zoned B-3 Commercial Service Wholesale District, permitting a wide range of office, medical, and retail uses. The neighboring unit in the building is a long-established Optometrist. The Best Western of Oswego is immediately adjacent to the east. Strong area demographics characterize the location. The property is located one lot away from the newly approved "DeVille Manor" independent senior living apartments. The unit is equipped with geothermal heating and cooling. Monument signage is available on both Wiesbrook Road and Route 30. Rental abatement is negotiable for a qualified tenant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Similar Places Nearby

    • Dr. Judy McBeth, DVM — 130 Fifth St, Oswego, IL 60543

    Location Insight

    • Map
    • Local Demand
    City
    Oswego
    County
    Kendall
    State
    Illinois
    Longitude
    -88.3096
    Latitude
    41.7188

    Nearby Similar for Lease

    • Contact for pricing
      3,500 SF

      Warehouse & Office Space Available

      Warehouse and office space for rent in Oswego, Illinois.
      2015 Route 34, Oswego, IL 60543
      View Details
    • Contact for pricing

      Professional Office Suite in Oswego

      Move-in ready office suite in a high-visibility Oswego location.
      1 E Merchants Drive, Oswego, IL 60543
      View Details
    • $20 SF/Yr

      Bustling Shopping Center in Oswego

      Well-kept shopping center with excellent parking and high visibility.
      1100-1168 Douglas Road, Oswego, IL 60543
      View Details
    • $28 SF/Yr
      1,677 SF

      Equipped Restaurant Space Available

      Turnkey restaurant opportunity with equipped kitchen and functional bar.
      228 E Washington St, Oswego, IL
      View Details
    • $20 SF/Yr

      Retail Space in Mason Square

      Retail space in a bustling shopping center with ample parking.
      1154 Douglas Road, Oswego, IL 60543
      View Details
    • Contact for pricing

      Professional Office Space Available

      Well-maintained Oswego office space with excellent access and amenities.
      1 E Merchants Drive, Oswego, IL 60543
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space Available For Rent

      Retail space available for rent in Oswego, Illinois.
      300-540 Fifth Street | Oswego, IL 60543
      View Details
    • $14 SF/Yr
      4,000 SF

      Warehouse with Office Space

      Warehouse space with office, overhead door, and ample power.
      72 Stonehill Road, Oswego, IL 60543
      View Details
    • $2,900/Mo
      2,800 SF

      Small Warehouse Units Available

      Small warehouse units with ample parking and outside storage.
      57 Baseline Rd, Oswego, IL
      View Details
    • Contact for pricing

      Oswego Retail, Restaurant, Medical Space

      Retail, restaurant, and medical spaces available in downtown Oswego.
      160 West Washington Street, Oswego, IL, 60543
      View Details
    • Contact for pricing
      1,546 SF

      Oswego Junction Retail Opportunities

      Retail spaces available in a 45,864 SF shopping center.
      1031 Station Dr, Oswego, IL
      View Details
    • $16 SF/Yr
      4,000 SF

      Oswego Medical/Office Suite for Rent

      4,000 SF medical/office suite in Oswego, Illinois for lease.
      2073-2075 Wiesbrook Dr, Oswego, IL
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 4,000 SF medical/office suite in Oswego, Illinois for lease.
    Where is this medical office space located?
    The property is located at 2073-2075 Wiesbrook Road Oswego, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Prime 4,000 SF medical/office suite.; Zoned B‑3 Commercial Service Wholesale District permitting a wide range of uses.; Geothermal heating and cooling drastically reduces utility costs.
    (630) 229-2290
    We can help!
    Listing Contact
    MIKE WASEEN
    MIKE WASEEN
    Real Estate License ID: 475169496
    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
    2073-2075 Wiesbrook Road, Oswego, IL 60543
    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!