Renovated Flex and Office
330 E IL RTE 22, Lake Zurich, IL 60010
For Sale
Contact for pricing
Move-in-ready flex space with fully modernized offices, new HVAC, and a recently replaced roof.
Property Size71,688 SF
Price / SF$89
Days on Market152
Property Features for 330 E IL RTE 22
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Renovated
Units
Listing Agency:
Entre Commercial Realty LLC
Listed By:
Denise Chaimovitz · License #IL 475132530
(847) 804-8566
Source:
Crexi
Added: Jun 11
Changed: Oct 26
Last Checked: Nov 8 at 8:17AM
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 Entre Commercial Realty LLC
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Investment Insights
Based on property information with market context.
This renovated flex and office building was comprehensively updated with a renovation completed in 2026. The work includes fully modernized office areas, new HVAC systems, and a new roof, along with numerous additional capital improvements throughout the property. The result is a more current, tenant-ready environment designed to support both office and flexible operational needs.
The property is located at 330 E IL Route 22 in Lake Zurich, IL. Its position along Route 22 offers straightforward roadway access for business traffic and deliveries, supporting day-to-day operations for users that need on-site office support and functional space.
For buyers and tenants seeking a renovated building that reduces near-term capital concerns, this asset offers office modernization paired with updated building systems. The combination of new HVAC, roof replacement, and office area upgrades can be particularly helpful for organizations looking to move in with the foundation of the major improvements already completed. The flexible building type also supports a range of use scenarios where office and operational space can work together under one roof.
The property is located at 330 E IL Route 22 in Lake Zurich, IL. Its position along Route 22 offers straightforward roadway access for business traffic and deliveries, supporting day-to-day operations for users that need on-site office support and functional space.
For buyers and tenants seeking a renovated building that reduces near-term capital concerns, this asset offers office modernization paired with updated building systems. The combination of new HVAC, roof replacement, and office area upgrades can be particularly helpful for organizations looking to move in with the foundation of the major improvements already completed. The flexible building type also supports a range of use scenarios where office and operational space can work together under one roof.
Key Highlights
- Comprehensive renovation completed in 2026
- Fully modernized office areas
- New HVAC systems installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$374,720
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,494,400
$7.5M
Cap Rate 7%
$5,353,143
$5.4M
Cap Rate 9%
$4,163,556
$4.2M
Market Conditions
NOI Build-Up for 71,688 SF
Gross rent
$464.5K $6.48/SF
− Vacancy
−$23.7K −$0.33/SF
EGI
$440.8K $6.15/SF
− OpEx
−$66.1K −$0.92/SF
NOI
$374.7K $5.23/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,494,400
Cap Rate 7%
$5,353,143
Cap Rate 9%
$4,163,556
Alternative Uses
Best Use
Flex RnD
$10.78M
$9.44M – $12.58M
NOI $754,875 @ 7.0% cap · market cap 11.83%
Second Best
Warehouse
$5.35M
$4.68M – $6.25M
NOI $374,720 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$27.53M
$24.09M – $32.12M
NOI $1,926,973 @ 7.0% cap · market cap 30.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 60010, IL
46,365
Population
17,621
Households
2.6
Avg Household Size
47
Median Age
70%
College-Educated
97%
High-School Grad
74.1 sq mi
ZIP Area
626
Density / Sq Mi
$175,050
Median Household Income
$86,255
Median Earnings
$2,459
Median Rent
$622,900
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Cook County, IL
Properties on Market for Flex space in Cook County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Lakeland Caterers — 44 S Old Rand Rd, Lake Zurich, IL 60047
Frequently Asked Questions
What type of property is this?
Flex space - Move-in-ready flex space with fully modernized offices, new HVAC, and a recently replaced roof.
Where is this flex space located?
The property is located at 330 E IL RTE 22 Lake Zurich, IL.
What is the asking price?
The asking price for this property is $6,380,232.
What are key features of this property?
This property features: Comprehensive renovation completed in 2026; Fully modernized office areas; New HVAC systems installed
