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    1550 Spring Rd Oak Brook, IL 60523

    For Lease
    $19 SF/Yr

    Prime Oak Brook Office Space Available

    Lot size:
    23,997 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional three-story office building, totaling 23,997 square feet, presents a fantastic leasing opportunity in the desirable Oak Brook, Illinois market. Located at 1550 Spring Rd, 60523, within DuPage County, this Class B property boasts a recent 2023 renovation, ensuring modern amenities and a refreshed aesthetic. The building sits on a generous 1.8 acres of land and offers multiple tenancy options, with suites ranging from 847 to 5,463 square feet currently available. The property features convenient amenities including 73 total parking spaces and a passenger elevator. Built in 1984, the building benefits from updated systems and finishes, providing a comfortable and efficient work environment. The property's location in Oak Brook offers easy access to major transportation routes and a wealth of local amenities. Annual property taxes are $1.06 per square foot. This is an ideal location for businesses seeking high-quality office space in a thriving suburban setting. The building's updated infrastructure and convenient features make it an attractive option for a variety of businesses. Contact us today to schedule a viewing and explore the leasing possibilities within this well-maintained and strategically located office building. Don't miss this chance to secure your ideal workspace in Oak Brook.

    Property Features for 1550 Spring Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,997 SF
    Class
    B
    Total Rate
    38995.13

    Building Details

    Year Built/Renovated
    1984/2023
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 310-320
    Size
    5,463 SF
    Rate per SF
    $19
    Space
    Suite 105
    Size
    847 SF
    Rate per SF
    $19
    Space
    Suite 110
    Size
    1,461 SF
    Rate per SF
    $19
    Space
    Suite 308
    Size
    1,092 SF
    Rate per SF
    $19
    Space
    Suite 210
    Size
    2,703 SF
    Rate per SF
    $19

    HighLights

    • Immediately available for lease.
    • Flexible lease terms offered.
    • Prime location with easy access to major highways: Routes 38 & 83, I‑88, I‑294, & I‑290.
    • Adjacent to Oak Brook Center.
    • Attractive landscaping featuring a tranquil pond.
    • Walkable to diverse amenities including restaurants, shops, hotels, and entertainment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Richard Park Marriage Or Relationship Counselor Anxiety Treatment Center ... Psychologist John Fiene, LCSW Psychotherapist Dilek McCombs, PsyD, ... Psychologist Schwarz Lewis Design ... Architect

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Law Firm Dental Office Wholesale Shop Auto Repair Shop 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
    -87.9496777
    Latitude
    41.8547603

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      Oak Brook Move-In Ready Suites

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Oak Brook Office Space Available
    Where is this office property / space located?
    The property is located at 1550 Spring Rd Oak Brook, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Immediately available for lease.; Flexible lease terms offered.; Prime location with easy access to major highways: Routes 38 & 83, I-88, I-294, & I-290.
    Request Owner's contact information
    1550 Spring Rd 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
    1550 Spring Rd Oak Brook, IL 60523
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