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    1515w 22Nd St Oak Brook, IL 60523

    For Lease
    $23 SF/Yr

    Class A Office Suites, Prime Location

    Lot size:
    220,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This prestigious Oak Brook, IL property, located at 1515 W 22nd St, zip code 60523, offers 220,860 square feet of Class A office space across two thirteen-story buildings. Currently, 90,239 square feet are available in multiple suites ranging from 2,859 to 17,215 square feet. Built in 1976, the complex features elegant domed rotunda lobbies, a three-level covered parking garage with 1000 spaces, and elevators. On-site amenities include a newly renovated fitness center, a state-of-the-art conference facility, a full-service bank, a sundry store, and a new restaurant. The property enjoys a prime location at the intersection of 22nd Street and Route 83, within walking distance of Oakbrook Center shopping mall, Marriott and Meridien Hotels, Starbucks, and numerous dining and business services. Tenants benefit from Oak Brook's pro-business environment and its supportive Chamber of Commerce. This exceptional property provides unsurpassed amenities and a prominent address.

    Property Features for 1515w 22Nd St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    220,860 SF
    Class
    A
    Total Rate
    423315

    Building Details

    Year Built
    1976
    Buildings
    2
    Stories
    13

    Unit(s) available at that property

    Space
    Suite 900W
    Size
    4,535 SF
    Rate per SF
    $24
    Space
    Suite 300W
    Size
    17,215 SF
    Rate per SF
    $23
    Space
    Suite 280W
    Size
    2,859 SF
    Rate per SF
    $23
    Space
    Suite 650W
    Size
    4,642 SF
    Rate per SF
    $23
    Space
    Suite 600W
    Size
    12,583 SF
    Rate per SF
    $23
    Space
    Suite 1000W
    Size
    17,047 SF
    Rate per SF
    $23
    Space
    Suite 910W
    Size
    4,532 SF
    Rate per SF
    $23
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon Dental Office Law Firm Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Brook
    County
    Cook
    State
    Illinois
    Longitude
    -87.9553036
    Latitude
    41.8458563

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Suites, Prime Location
    Where is this office property / space located?
    The property is located at 1515w 22Nd St Oak Brook, IL.
    What is the lease rate?
    The lease rate is $23-$24 SF/Yr.
    Request Owner's contact information
    1515w 22Nd St Oak Brook, IL 60523
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    Oak Brook, IL 60523
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    Realmo Value Estimation

    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.

    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.

    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
    1515w 22Nd St Oak Brook, IL 60523
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