Building Details

Year Built 1996

Stories 2

Tenancy Multi

Building Size 6,300 SF

Listing Agency: Chopp Commercial Properties

Listed By: Daniel Chopp · License #IL 471001713 Show Phone

Source: Crexi

Added: Jul 4 Changed: Oct 25 Last Checked: Oct 28 at 6:33AM

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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 Chopp Commercial Properties

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Investment Insights

Based on property information with market context.

This multi-tenant office building contains approximately 6,300 square feet and was constructed in 1996. The property is fully leased, providing an occupied office configuration for evaluation by investors seeking an existing tenancy profile.

Zoned Office Transitional District, the building is located at 219 W. 55th Street in Clarendon Hills, Illinois. Its multiple-tenant layout supports a diversified office occupancy structure within a dedicated commercial building.

Key Highlights

• Approximately 6,300 SF of office space
• Multi‑tenant building constructed in 1996
• Fully leased office property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,867

Cap Rate

7.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,737,340 $1.7M

Cap Rate 7%

$1,240,957 $1.2M

Cap Rate 9%

$965,189 $965.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,300 SF

Gross rent

$154.2K $24.48/SF

− Vacancy

−$38.4K −$6.10/SF

EGI

$115.8K $18.38/SF

− OpEx

−$29.0K −$4.60/SF

NOI

$86.9K $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%

$1,737,340

Cap Rate 7%

$1,240,957

Cap Rate 9%

$965,189

Alternative Uses

Best Use

Office B

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $86,867 @ 7.0% cap · market cap 7.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.18M

$1.90M – $2.54M (±1% cap)

NOI $152,257 @ 7.0% cap · market cap 13.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Hair Salon Electrical Service Auto Repair Shop

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

Location Intelligence

Trade Area within ½ mile

582

Businesses Nearby

Explore this area Business Placement

Market

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

Frequently Asked Questions

What type of property is this?

Office building - Established office asset with multiple tenants and an Office Transitional District zoning designation.

Where is this office building located?

The property is located at 219 W 55th Street Clarendon Hills, IL.

What is the asking price?

The asking price for this property is $1,095,000.

What are key features of this property?

This property features: Approximately 6,300 SF of office space; Multi‑tenant building constructed in 1996; Fully leased office property