Building Details

Building Size 5,000 SF

Year Built 2001

Buildings 1

Stories 2

Listing Agency: @properties Christie's International Real Estate

Listed By: Brent Hyland Show Phone

Source: Fishmangroup

Added: Oct 22 Changed: Oct 25 Last Checked: Oct 26 at 3:55AM

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Investment Insights

Based on property information with market context.

This 5,000-square-foot, two-story office condominium offers a mix of open work areas and private office suites. Interior details include vaulted ceilings, upgraded millwork and an open loft. The main level has two half baths, while the upper floor has a finished full bath. Built in 2001, the property carries OFFIC zoning and includes a detached two-car garage for storage or parking, along with 12 on-site parking spaces. The layout can accommodate one owner-user or multiple tenants.

The property fronts Ogden Avenue in Clarendon Hills. Vehicle access and parking are positioned along a side street.

Key Highlights

• 5,000 SF two‑story office condominium
• OFFIC zoning
• Vaulted ceilings, upgraded millwork and an open loft

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,942

Cap Rate

6.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,378,840 $1.4M

Cap Rate 7%

$984,886 $984.9K

Cap Rate 9%

$766,022 $766.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$122.4K $24.48/SF

− Vacancy

−$30.5K −$6.10/SF

EGI

$91.9K $18.38/SF

− OpEx

−$23.0K −$4.60/SF

NOI

$68.9K $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%

$1,378,840

Cap Rate 7%

$984,886

Cap Rate 9%

$766,022

Alternative Uses

Best Use

Office B

$984.9K

$861.8K – $1.15M (±1% cap)

NOI $68,942 @ 7.0% cap · market cap 6.27%

Second Best

Healthcare Medical

$946.3K

$828.0K – $1.10M (±1% cap)

NOI $66,240 @ 7.0% cap · market cap 6.02%

Theoretical Best

Office A

$1.73M

$1.51M – $2.01M (±1% cap)

NOI $120,839 @ 7.0% cap · market cap 10.99%

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 Units

Suggested Use

Top Pick Restaurant Big Box & Wholesale Store Building Supply HVAC Service Storage Facility Hair Salon

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

Lease Details

1

Office units

Location Intelligence

Trade Area within ½ mile

983

Businesses Nearby

Explore this area Business Placement

Demographics for 60514, IL

10,320

Population

4,030

Households

2.6

Avg Household Size

41

Median Age

74%

College-Educated

99%

High-School Grad

2.0 sq mi

ZIP Area

5,160

Density / Sq Mi

$114,672

Median Household Income

$75,028

Median Earnings

$1,195

Median Rent

$568,300

Median Home Value

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 unit - Flexible floor plan pairs open work areas with private offices and supports single-occupant or multi-tenant use.

Where is this office unit located?

The property is located at 55 Ogden Avenue Clarendon Hills, IL.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 5,000 SF two‑story office condominium; OFFIC zoning; Vaulted ceilings, upgraded millwork and an open loft