Office
For Sale
Contact for pricing
4970 Varsity Drive, Lisle, IL 60532
Established office property constructed in 2000.
Property Size24,000 SF
Price / SF$166.67
Days on Market58
Property Features for 4970 Varsity Drive
General Information
Standard status
Active
Size
24,000 SF
Total Parking Spaces
122
Property subtype
Office
Building Details
Year Built
2000
Year Renovated
2014
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Lee & Associates - Chicago
Listed By:
Tony Russo · License #IL
(630) 728-1179
Source:
Crexi
Added: Aug 18
Changed: Oct 13
Last Checked: Oct 12 at 7:08PM
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 Lee & Associates - Chicago
Investment Insights
Based on property information with market context.
This office building at 4970 Varsity Drive contains 24,000 square feet and was completed in 2000. The property is identified as an office building and is offered for sale.
The asset is located in Lisle, Illinois, with a 60532 ZIP code. Its recorded address provides a specific location for evaluating the property and its surrounding commercial context.
The asset is located in Lisle, Illinois, with a 60532 ZIP code. Its recorded address provides a specific location for evaluating the property and its surrounding commercial context.
Key Highlights
- 24,000‑square‑foot office building
- Constructed in 2000
- Located at 4970 Varsity Drive, Lisle, IL 60532
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$330,921
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,618,420
$6.6M
Cap Rate 7%
$4,727,443
$4.7M
Cap Rate 9%
$3,676,900
$3.7M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$587.5K $24.48/SF
− Vacancy
−$146.3K −$6.10/SF
EGI
$441.2K $18.38/SF
− OpEx
−$110.3K −$4.60/SF
NOI
$330.9K $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%
$6,618,420
Cap Rate 7%
$4,727,443
Cap Rate 9%
$3,676,900
Alternative Uses
Best Use
Office B
$4.73M
$4.14M – $5.52M
NOI $330,921 @ 7.0% cap · market cap 8.27%
Second Best
Healthcare Medical
$4.54M
$3.97M – $5.30M
NOI $317,952 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$8.29M
$7.25M – $9.67M
NOI $580,027 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
Business Placement
Demographics for 60532, IL
28,766
Population
13,203
Households
2.2
Avg Household Size
39
Median Age
59%
College-Educated
98%
High-School Grad
8.5 sq mi
ZIP Area
3,384
Density / Sq Mi
$100,373
Median Household Income
$64,114
Median Earnings
$1,576
Median Rent
$387,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Established office property constructed in 2000.
Where is this office building located?
The property is located at 4970 Varsity Drive Lisle, IL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 24,000‑square‑foot office building; Constructed in 2000; Located at 4970 Varsity Drive, Lisle, IL 60532
