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Oakbrook Terrace Redevelopment Opportunity
For Sale
$8,740,000

800-1000 Royce Boulevard, Oakbrook Terrace, IL 60181

Prime location suitable for multifamily, retail, or restaurant redevelopment.

Property SizeContact for details
Days on Market165

Property Features for 800-1000 Royce Boulevard

General Information

Standard status Active
Property subtype Office

Building Details

Year Built 1990
Listing Agency: NAI Hiffman | Oakbrook Terrace
Listed By: Adam Johnson · License #475123331
Source: Naiglobal
Added: Mar 6 Changed: Jul 10 Last Checked: Aug 17 at 5:16AM

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 NAI Hiffman | Oakbrook Terrace

Investment Insights

Based on property information with market context.

Located in a desirable suburban office submarket, the property at 800-1000 Royce Boulevard in Oakbrook Terrace, IL, presents an opportunity for customization. The property, which has been open for business for over 30 years, offers an excellent redevelopment opportunity for multi-family, retail, and restaurant ventures. The location is highly desired and provides access to Butterfield Road.

Key Highlights

  • Highly desired location in Oakbrook Terrace
  • Excellent redevelopment opportunity for multi‑family, retail, restaurants, etc.
  • Unbeatable location in the suburbs’ most desirable office submarket

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Storage Facility Building Supply Veterinary Clinic Garden Center Auto Repair Shop Barber 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

3,035
Businesses Nearby

Demographics for 60181, IL

29,821
Population
12,485
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
92%
High-School Grad
6.5 sq mi
ZIP Area
4,588
Density / Sq Mi
$90,375
Median Household Income
$47,191
Median Earnings
$1,619
Median Rent
$294,700
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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Prime location suitable for multifamily, retail, or restaurant redevelopment.
Where is this office building located?
The property is located at 800-1000 Royce Boulevard Oakbrook Terrace, IL.
What is the asking price?
The asking price for this property is $8,740,000.
What are key features of this property?
This property features: Highly desired location in Oakbrook Terrace; Excellent redevelopment opportunity for multi‑family, retail, restaurants, etc.; Unbeatable location in the suburbs’ most desirable office submarket
More about this property
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