Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Class A Office Building Title is generated by Realmo AI

    814 Commerce Dr, Oak Brook, IL 60523

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Three-story office building in Oak Brook, Illinois, for rent.

    Type:Office
    Added:
    Jan 28, 2020
    Days on Market:
    2321
    Last Refresh:
    May 20 at 8:17 pm

    Property Features for 814 Commerce Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1990

    Spaces For Lease

    at 814 Commerce Dr Contact us

    We can help!

    Listing Contact
    Jack Reardon

    Listing agent Jack Reardon License #1234567890

    Listing office NAI Hiffman

    Listing date Jan 28, 2020

    Source Crexi

    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

    HighLights

    • Class A office building in a centralized Oak Brook location.
    • Recently completed major improvements including a refreshed lobby, modernized HVAC, and parking deck upgrades.
    • Abundant area amenities including restaurants, shopping, daycare, and hotels.
    • Proximity to Oakbrook Center mall.
    • Convenient access to Route 83.
    • Array of recreation opportunities and business services nearby.

    Overview

    814 Commerce Drive is a Class A, three-story office building situated just north of 22nd Street, east of Route 83, and one block east of the Oakbrook Center mall. The property has undergone significant improvements, including a refreshed lobby with seating, modernized HVAC systems, and parking deck upgrades. Its centralized Oak Brook location provides convenient access to numerous area amenities, such as restaurants, shopping centers, daycare facilities, hotels, and a variety of recreational opportunities and business services.
    Property Profile Location Intelligence

    Current Use by Public Records

    LAUNCH TransTechs Employment Agency LAUNCH Technical Workforce ... Employment Agency IRC Retail Centers Real Estate Agency Well-Rooted Pediatrics Pediatrician Pine Tree Construction Company

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Dental Office Law Firm Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Brook
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9409631
    Latitude
    41.8514642

    Nearby Similar for Lease

    • Sponsored
      $129-$4,096/Mo
      11-1,292 SF

      IL, Oak Brook - Oak Brook Pointe

      700 Commerce Dr Oak Brk, Unit Illinois United States of America 60523, Oak Brook, IL 60523
      View Details
    • Sponsored
      $129-$3,807/Mo
      11-1,292 SF

      Regency Towers

      1415 22 St Tower Fl Oak Brk, Oak Brook, IL 60523
      View Details
    • $22 SF/Yr
      35,000 SF

      Oak Brook Office Technology Campus

      Office space for rent in the heart of Oak Brook.
      810 Jorie Boulevard, Oak Brook, IL, 60523
      View Details
    • $22 SF/Yr
      46,875 SF

      Oak Brook Office Technology Campus

      Office space in the heart of Oak Brook.
      800 Jorie Boulevard, Oak Brook, IL, 60523
      View Details
    • $24 SF/Yr
      27,207 SF

      Premier Office and Retail Space

      Office and retail space with many amenities and convenient location.
      1301 22nd Street, Oak Brook, IL, 60523
      View Details
    • $19 SF/Yr
      23,040 SF

      Premier Office and Retail Space

      Office and retail space with many amenities and convenient location.
      1315 West 22nd Street, Oak Brook, IL, 60523
      View Details
    • $15 SF/Yr
      7,528 SF

      Class A Office Space Available

      Two-building Class A property in Oak Brook for rent.
      1420 Kensington Rd, Oak Brook, IL
      View Details
    • $23 SF/Yr
      79,318 SF

      Updated Office Space Near Malls

      Contemporary office space with updated amenities and convenient highway access.
      2625 Butterfield Road, Oak Brook, IL, 60523
      View Details
    • $24 SF/Yr
      27,585 SF

      Premier Office and Retail Space

      Office and retail space with many amenities and convenient location.
      1211 W 22nd Street, Oak Brook, IL, 60523
      View Details
    • $19 SF/Yr
      70,497 SF

      Oak Brook Office Space Available

      Office space available for lease in Oak Brook, Illinois.
      915 Harger Rd., Oak Brook, IL 60523
      View Details
    • $17 SF/Yr

      Modernist Office Building in Oak Brook

      Unique office building with prominent signage and flexible floorplan.
      2200-2222 Kensington Court, Oak Brook, IL 60523
      View Details
    • $16 SF/Yr
      9,317 SF

      Oak Brook Office Space Available

      Office space for rent in Oak Brook, Illinois.
      1520 Kensington Rd, Oak Brook, IL
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story office building in Oak Brook, Illinois, for rent.
    Where is this office building located?
    The property is located at 814 Commerce Dr Oak Brook, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Class A office building in a centralized Oak Brook location.; Recently completed major improvements including a refreshed lobby, modernized HVAC, and parking deck upgrades.; Abundant area amenities including restaurants, shopping, daycare, and hotels.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jack Reardon
    Real Estate License ID: 1234567890
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    814 Commerce Dr, Oak Brook, IL 60523
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!