Modern Office Building in
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739 E North Ave, Glendale Heights, IL 60139
14,517 SF office building constructed in 2005, prime owner/user opportunity.
Property Size14,517 SF
Price / SF$192.88
Days on Market840
Property Features for 739 E North Ave
General Information
Standard status
Active
Size
14,517 SF
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 739 E North Ave Contact us- Floor
- Bldg
- Size
- 14,517 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
739 E North Ave
- Introducing a prime owner/user opportunity at 739 North Avenue, Glendale Heights,...
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Listing Agency:
SVN | Chicago - Corporate
(312) 676-1866
Listed By:
Lina Adamis
(224) 723-2528
Source:
Moodyscre
Added: May 18, 2024
Changed: Aug 25
Last Checked: Sep 4 at 3:59AM
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 SVN | Chicago - Corporate
Investment Insights
Based on property information with market context.
Located at 739 North Avenue in Glendale Heights, IL, this 14,517 SF office building presents an owner/user opportunity. Constructed in 2005, the property features a modern design and functionality, providing ample office space. The building benefits from contemporary amenities and a well-maintained interior, enhanced by its curb appeal. Situated in Glendale Heights, the location provides access to dining, retail destinations, and green spaces. High-traffic thoroughfares and public transit options ensure connectivity for employees and visitors.
Key Highlights
- Modern 14,517 SF office building constructed in 2005.
- Prime owner/user opportunity.
- Strategic location in Glendale Heights with easy access to amenities.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$200,166
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,003,320
$4.0M
Cap Rate 7%
$2,859,514
$2.9M
Cap Rate 9%
$2,224,067
$2.2M
Market Conditions
NOI Build-Up for 14,517 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$355.4K $24.48/SF
− Vacancy
−$88.5K −$6.10/SF
EGI
$266.9K $18.38/SF
− OpEx
−$66.7K −$4.60/SF
NOI
$200.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,003,320
Cap Rate 7%
$2,859,514
Cap Rate 9%
$2,224,067
Alternative Uses
Best Use
Office B
$2.86M
$2.50M – $3.34M
NOI $200,166 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.01M
$4.39M – $5.85M
NOI $350,844 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 60139, IL
33,196
Population
11,882
Households
2.8
Avg Household Size
36
Median Age
30%
College-Educated
83%
High-School Grad
5.5 sq mi
ZIP Area
6,036
Density / Sq Mi
$81,996
Median Household Income
$41,752
Median Earnings
$1,558
Median Rent
$249,300
Median Home Value
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 - 14,517 SF office building constructed in 2005, prime owner/user opportunity.
Where is this office building located?
The property is located at 739 E North Ave Glendale Heights, IL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Modern 14,517 SF office building constructed in 2005.; Prime owner/user opportunity.; Strategic location in Glendale Heights with easy access to amenities.
